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         T R O U B L E D   C O M P A N Y   R E P O R T E R

              Friday, February 27, 2015, Vol. 19, No. 58

                            Headlines

21ST CENTURY ONCOLOGY: Moody's Raises Corp. Family Rating to 'B3'
AAR CORP: S&P Puts 'BB' CCR on CreditWatch Positive
ALCO STORES: Wants Plan Filing Deadline Extended to April 10
ALLEN SYSTEMS: Can Employ Epiq as Claims and Noticing Agent
ALLEN SYSTEMS: Court Enforces Sec. 362 Stay in Ch. 11 Cases

ALLEN SYSTEMS: Court Issues Joint Administration Order
ALLEN SYSTEMS: Has Interim OK to Tap $21.5-Mil. in DIP Loans
ALLEN SYSTEMS: Taps John Didonato as Chief Restructuring Officer
ALSIP ACQUISITION: Authorized to Reject CBAs with IUOE and USW
ALSIP ACQUISITION: OK'd to Implement Key Employee Incentive Plan

ALTEGRITY INC: Seeks to Assume Restructuring Support Agreement
AMERICAN SANDS: Has Negative Cash Flows From Operating Activities
AMFIN FINANCIAL: High Court Refuses to Hear FDIC Tax Refund Row
ANTHONY CLOW: Schedules Control Over Later Insurance Claim
ARALCO S/A INDUSTRIA: Chapter 15 Case Summary

ASARCO LLC: Supreme Court Hears Bankruptcy Lawyers' Billing Dispute
ATHERTON BAPTIST: Fitch Affirms 'B+' Rating on $29MM 2010A Bonds
AUBURN TRACE: Hires Dauby O'Connor as Accountant
AURORA DIAGNOSTICS: Peter Connolly Quits as Director
AVIS BUDGET: DBRS Assigns 'BB(low)' Issuer Rating

BERNARD L. MADOFF: Trustee Persists in Bid for Stolen Money
BERNARD L. MADOFF: Trustee's Win Gets Victims $1.45-Bil.
BIOLIFE SOLUTIONS: Signs New Employment Contracts with Executives
C. WONDER: A&G Realty Approved as Real Estate Consultants
C. WONDER: Court Approves Hiring of Cole Schotz as Counsel

C. WONDER: Creditors' Panel Hires CBIZ as Financial Advisors
C. WONDER: Creditors' Panel Hires Porzio Bromberg as Counsel
C. WONDER: Files Schedules of Assets and Liabilities
C. WONDER: Taps Sughrue Mion as Intellectual Property Counsel
CAESARS ENTERTAINMENT: Rejects BOKF's Demand for $750MM Payment

COLLABRX INC: Continues to Incur Recurring Losses from Operations
COLUMBUS MCKINNON: Moody's Withdraws Ratings After Notes Redemption
COLUMBUS MCKINNON: S&P Affirms 'BB-' CCR then Withdraws Rating
COMDISCO HOLDING: Declares $9.45MM Dividend to Common Stockholders
COMMUNITY HOME: March 17 Preliminary Hearing on Liquidation Plan

COMSTOCK RESOURCES: Moody's Rates New $700MM Secured Notes 'Ba3'
COMSTOCK RESOURCES: S&P Revises Outlook to Neg. & Affirms 'B+' CCR
CONGREGATION BIRCHOS: Voluntary Chapter 11 Case Summary
COOPER TIRE: Moody's Affirms 'B1' CFR & Changes Outlook to Stable
CRAIG COUNTY HOSPITAL: Chapter 9 Case Summary & Largest Creditors

CSHM: Files for Chapter 7 Liquidation
DEB STORES: $30,000 Key Employee Incentive Plan Approved
DEERFIELD RANCH WINERY: Reaches Agreement on Interim Cash Use
DELIAS INC: Gets Approval of Executive Bonus Plan
DENDREON CORP: Files Revised Schedules of Assets & Debt

DETROIT, MI: Veteran Judge Thomas Tucker Takes Over Ch. 9 Case
DF REAL ESTATE: Case Summary & 12 Largest Unsecured Creditors
DIVERSIFIED RESOURCES: Auditor Expresses Going Concern Doubt
DO1 INC: Gets Court's Nod to Sell Assets to PWI for $1.35 Million
DOLLAR TREE: Strong 4Q Results No Impact on Moody's Ba2 Rating

DUNE ENERGY: Agrees to Extend Tender Offer Expiration to Feb. 27
EALOGY HOLDINGS: Reports $143 Million Net Income for 2014
ENERGY FUTURE: Creditors Seek to Sue Lenders
ENERGY FUTURE: EFIH Taps Cravath Swaine for Conflict Matters
ENERGY FUTURE: Goldin Assoc. Okayed as Special Financial Advisor

ENERGY FUTURE: Munger Tolles Approved as Counsel for TCEH Debtors
ENERGY FUTURE: O'Kelly Ernst Okayed as Co-Counsel
ENERGY FUTURE: Panel Can Hire MMWR as Delaware Bankruptcy Counsel
ENERGY FUTURE: Proskauer OK'd to Work with Disinterested Directors
EXELIXIS: Reports Fourth Quarter Net Loss of $58 Million

FOAMEX INT'L: Buyer Might Get Stuck with Antitrust Claims
FOURTH QUARTER: Hires HDH As Financial Advisors
GENIUS BRANDS: Wolverine Flagship Reports 9.9% Stake
GEO JS TECH: Has Insufficient Cash Flow from Operations
GLOBALSTAR INC: James Monroe Reports 63.7% Stake as of Dec. 19

GLOBALSTAR INC: Steelhead Reports 3.5% Stake as of Dec. 31
GOLDEN LAND: 37 Avenue OK's Trustee's Use of Cash Collateral
GOOD SHEPHERD: S&P Assigns 'BB-' Rating on $88MM Refunding Bonds
GROUPON INC: Posts $63.9-Million Net Loss in 2014
GT ADVANCED: Court Denies Faloh's Plea to Form Equity Committee

GT ADVANCED: Court Won't Reconsider KEIP Denial Order
HALCON RESOURCES: Reports 2014 Year-End Proved Reserves
HERCULES OFFSHORE: James Noe Quits as Executive Vice President
HTH LEARNING: Fitch Affirms 'BB+' Rating on Series 2008A Bonds
HYDROCARB ENERGY: Revises 2013 Form 10-K to Address SEC Comments

IDEARC INC: Supreme Court Refuses to Hear $9.8B Suit vs. Verizon
IHEARTCOMMUNICATION INC: Fitch Affirms 'CCC' Issuer Default Rating
INDEPENDENCE TAX II: Incurs $124,500 Net Loss in Third Quarter
INDEPENDENCE TAX IV: Posts $11 Million Net Income in 3rd Quarter
JC PENNEY: Posts Surprise Loss, Shares Drop Sharply

JOE'S JEANS: Moss Adams LLP Expresses Going Concern Doubt
KEMET CORP: Cadian Capital No Longer a Shareholder as of Dec. 31
KIOR INC: Wants 90 More Days to Decide on Pasadena, TX Lease
LAKELAND INDUSTRIES: Frigate Ventures Reports 2% Stake
LATITUDE 360: Has Incurred Significant Losses Since Inception

LEHMAN BROTHERS: Gets Court Approval for Exum Ridge Settlement
LIFE UNIFORM: March 27 Hearing on Bid to Dismiss Chapter 11 Case
LIGHTSQUARED INC: Solus Floats Rival Bankruptcy Exit Proposal
LOAN EXCHANGE: FCI Lender Wants Stay Lifted on Real Property
MAUI LAND: Reports 2014 Net Income of $17.6 Million

MEDICAL ALARM: Biotech Development Does Not Own Common Shares
MEDICAL ALARM: Joseph Noel No Longer Owns Shares as of Feb. 13
METALICO INC: Oaktree Capital Reports 9.9% Stake as of Dec. 31
MIDSTATES PETROLEUM: Aristeia Reports 6.7% Stake as of Dec. 31
MINT LEASING: Mint North Obtains $1MM Funding From TCA Global

MISSISSIPPI PHOSPHATES: Goes to March 24 Auction with No Lead Bid
MOBILEBITS HOLDINGS: GBH CPAs Expresses Going Concern Doubt
MOHEGAN TRIBAL: May Have to Restructure Again, Fitch Says
MONROE HOSPITAL: Court Confirms Chapter 11 Liquidating Plan
NATIONAL CINEMEDIA: Arrowpoint Reports 6.8% Stake as of Dec. 31

NATROL INC: Disclosure Statement Hearing Set for March 30
NII HOLDINGS: Supplements Employment of EY LLP with Tax Assistance
NPS PHARMACEUTICALS: Provides Employees with Merger Update
PASSAIC AIR: Can Ink Management Agreement with MedStar Surgical
PORT AGGREGATES: Hearing on Case Dismissal Continued Until May 12

PRECISION MEDICAL: Section 341(a) Meeting Continued to March 10
PRECISION MEDICAL: Trustee Okayed to Pay $19,600 Prepetition Debt
PREMIER GOLF: Schedules and Statement Due March 10
PRONERVE HOLDINGS: Files for Ch. 11 to Sell Biz for $35 Million
PRONERVE HOLDINGS: SpecialtyCare Has Weil Gotshal & RLF as Counsel

PULSE ELECTRONICS: Chief Operating Officer Resigns
RADIOSHACK CORP: Dealer/Franchise Store Owners Form Committee
REALBIZ MEDIA: D'Arelli Pruzansky Expresses Going Concern Doubt
RED ROCKET: Commonwealth Land Dispute Remanded to Trial Court
REX ENERGY: S&P Lowers Corporate Credit Rating to 'CCC+'

RIVER CITY RENAISSANCE: Plan Filing Exclusivity Extended to June
RIVERBED TECH: Moody's B2 CFR Unaffected by $100MM Debt Shift
ROADMARK CORP: 3M Co., 7 Others Appointed to Creditors' Committee
ROADRUNNER ENTERPRISES: Has Until March 6 to File Schedules
ROADRUNNER ENTERPRISES: Section 341(a) Meeting Set for March 13

RONALD DEMASI: Kondapalli's Appeal on Non-Dischargeability Denied
SAFEWAY PROPERTY: A.M. Best Lowers Finc'l. Strength Rating to 'B'
SAMSON RESOURCES: Brings in Kirkland, Blackstone
SAN BERNARDINO, CA: Creditors Cry Foul at Plan to Hire PR Firm
SEARS HOLDINGS: Updates Plan to Split Off Stores Amid More Losses

SEMLER SCIENTIFIC: BDO USA Expresses Going Concern Doubt
SIGA TECHNOLOGIES: Creditors' Bid to Hire Financial Advisor Denied
STANCORP FINANCIAL: Fitch Affirms 'BB+' Rating on $253MM Jr. Debt
STATE FISH: U.S. Trustee Forms Creditors' Committee
TECHNOLOGY CONTAINER: Case Summary & 20 Top Unsecured Creditors

TELKONET INC: Bard Associates Has 9.4% Stake as of Dec. 31
TENGION INC: Goes to March 6 Sale-Approval Hearing
TRANSOCEAN INC: Moody's Lowers Senior Note Rating to 'Ba1'
TRIGEANT HOLDINGS: Exclusive Solicitation Period Moved to April 22
TS EMPLOYMENT: Agrees to Chapter 11 Trustee Appointment

TX HOLDINGS: Incurs $145K Net Loss in Dec. 31 Quarter
UROLOGIX INC: Has Insufficient Cash Balance in the Next 12 Months
US COAL: Conducts Dual Sale Processes
US COAL: Lenders Say Avoidance of Liens 'Unnecessary'
W/S PACKAGING: Moody's Cuts CFR to B3 & Alters Outlook to Negative

WARREN BODEKER: Can't Revoke Homestead Waiver
WBH ENERGY: Wants to Hire Willkie Farr as Corporate Counsel
WESTMORELAND RESOURCE: Appoints Principal Accounting Officer
YELLOWSTONE MOUNTAIN: Trustee Pursuing Blixseth's Wife
[^] BOOK REVIEW: Lost Prophets — An Insider's History


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21ST CENTURY ONCOLOGY: Moody's Raises Corp. Family Rating to 'B3'
-----------------------------------------------------------------
Moody's Investors Service upgraded 21st Century Oncology, Inc.'s
Corporate Family Rating and Probability of Default Rating to B3 and
B3-PD, respectively.  Concurrently, the ratings on the company's
$100 million revolving credit facility and $90 million term loan
are upgraded to Ba3 from B1, the rating on the company's existing
$350 million 8.875% second lien notes is upgraded to B2 from Caa2,
and the rating on the $380 million 9.875% subordinated notes is
upgraded to Caa2 from Caa3. The company's speculative grade
liquidity rating is upgraded to SGL-2 from SGL-3.  The rating
outlook is stable.  This concludes the review of 21st Century's
ratings that was initiated on October 1, 2014.

The upgrade of the Corporate Family Rating to B3 and SGL to SGL-2
reflects the receipt of a $325 million preferred equity investment
from the Canada Pension Plan Investment Board ("CPPIB") and
subsequent debt reduction.  The company has reduced debt by almost
$200 million.  The investment from CPPIB will enable the company to
continue to pursue various growth initiatives, while reducing
interest expense and improving the company's liquidity profile
providing full revolver availability and an increase in balance
sheet cash.  The investment by CPPIB negated the Restructuring
Support Agreement that 21st Century had entered with a group of
bondholders in July 2014.

The following ratings actions were taken:

  -- Corporate Family Rating, upgraded to B3 from Caa2;

  -- Probability of Default Rating, upgraded to B3-PD from Caa2-
     PD;

  -- $100 million senior secured revolving credit facility due
     October 2016, upgraded to Ba3 (LGD1) from B1 (LGD1);

  -- $90 million senior secured term loan due October 2016,
     upgraded to Ba3 (LGD1) from B1 (LGD2);

  -- $350 million senior 2nd lien 8.875% notes due January 2017,
     upgraded to B2 (LGD3) from Caa2 (LGD3);

  -- $376 million senior subordinated 9.875% notes due April
     2017, upgraded to Caa2 (LGD5) from Caa3 (LGD5);

  -- Speculative grade liquidity rating, upgraded to SGL-2 from
     SGL-3;

  -- Rating outlook, stable.

The B3 rating reflects the company's highly leveraged capital
structure, with the anticipation the company's debt leverage will
continue to remain elevated.  Leverage remains over 6 times debt to
EBITDA.  While improved following the CPPIB investment and
subsequent debt pay down, the company's free cash flow remains
constrained due to its high interest burden and capital expenditure
level.  The B3 rating also considers 21st Century's concentration
by geography (Florida is over 40% of the company's global
freestanding revenue) and payor (Medicare is 45% of the company's
U.S. domestic revenue).  At the same time, the rating positively
reflects the company's ability to manage its costs, integrate
acquisitions, and drive average daily treatment volume increases at
its centers.  The rating also benefits from 21st Century's
competitive industry position, size and scale as a freestanding
oncology provider, and technology platform.  The rating is further
supported by our expectation for the company's clustered facility
strategy and integrated cancer care ("ICC") business model to
generate same facility volume growth over the longer term given the
company's pricing advantage versus hospitals, and growth in total
average daily treatments.

The speculative-grade liquidity rating of SGL-2 reflects our
expectation for good liquidity over the next 12 months.  Moody's
anticipate the company will have capital expenditures in the $40
million range for 2015.  Moody's expectation is for the company to
turn cash flow positive in the 2015 year.  Following the $325
million CPPIB investment the company has repaid the outstanding
borrowings on its $100 million revolving credit facility, resulting
in it being fully available.  The revolver matures in Oct. 15,
2016.  The SGL-2 rating incorporates the expectation for the timely
refinancing of its upcoming maturities.  The credit agreement has a
minimum liquidity requirement of $15 million, and includes domestic
unrestricted cash and unused revolver availability in its
calculation.  Moody's project that the company will remain in
compliance with the minimum liquidity covenant over the next twelve
month period.

The stable outlook incorporates the expectation for continued
revenue and average daily treatment growth with the maintenance of
a good liquidity profile.

The ratings could be downgraded if the company's revenue and/or
volume declines on an ongoing basis, liquidity position
deteriorates such as revolving credit facility availability and
cash falls below $50 million, debt leverage over 7 times on a
sustained basis, and interest coverage EBITDA-CAPEX-to-interest
expense remains below 1 times on a sustained basis.  The inability
to refinance its upcoming debt maturities in a timely manner could
also result in a downgrade.  Additionally, if there are declines in
Medicare reimbursement rates or if the company is not anticipated
to generate positive free cash flow (cash flow from operations less
capital expenditures and dividends) in 2015, we could downgrade the
ratings.

The ratings could be upgraded if the company's debt-to-EBITDA were
to decline on a sustained basis towards 5 times and free cash flow
to adjusted debt increases on a sustained basis above 3%.  A
ratings upgrade would also have to be supported by a stable
reimbursement environment, steady or improving treatment volumes,
and the maintenance of a good liquidity profile.

The principal methodology used in these ratings was Global
Healthcare Service Providers published in December 2011.  Other
methodologies used include Loss Given Default for Speculative-Grade
Non-Financial Companies in the U.S., Canada and EMEA published in
June 2009.

21st Century Oncology, Inc., formerly known as Radiation Therapy
Services, Inc., is an integrated cancer care company that operates
181 radiation treatment facilities in the US and Latin America.
The company's revenue for the last twelve months ended Sep. 30,
2014 was approximately $960 million.  21st Century is majority
owned by Vestar Capital.


AAR CORP: S&P Puts 'BB' CCR on CreditWatch Positive
---------------------------------------------------
Standard & Poor's Ratings Services placed its ratings on AAR Corp.,
including its 'BB' corporate credit rating, on CreditWatch with
positive implications.

The CreditWatch placement follows AAR's announcement that it plans
to sell its Telair Cargo Group to TransDigm Inc. for $725 million
and use the net proceeds for debt reduction, shareholder rewards,
and acquisitions.  The company also announced it has begun the
process to sell its much smaller and unprofitable Precision Systems
Manufacturing business.

"Although the divestitures will result in a somewhat smaller and
less diversified company, we are not changing our business risk
assessment on the company," said Standard & Poor's credit analyst
Chris DeNicolo.  "The financial profile could, however, improve
moderately, depending on how the company uses the net proceeds,
which will likely approximate its current amount of balance sheet
debt.

Management stated that it would like to reduce its high coupon
debt, but did not say how much of the proceeds it would use for
debt reduction."

Standard & Poor's plans to resolve the CreditWatch after receiving
more details from management on its cash deployment plans and
target leverage.  S&P could raise the rating if it believes
management will use the proceeds primarily to reduce debt,
resulting in debt to EBTIDA below 2x and funds from operations to
debt above 30%, and is committed to maintaining these improved
levels.



ALCO STORES: Wants Plan Filing Deadline Extended to April 10
------------------------------------------------------------
ALCO Stores Inc. and its debtor-affiliates ask the U.S. Bankruptcy
Court for the Northern District of Texas to extend their exclusive
periods to:

  a) file a Chapter 11 plan through and including April 10, 2015;
     and

  b) solicit acceptances of that plan until June 9, 2015.

The Debtors say their exclusive plan filing period expired on Feb.
9, 2015, and their solicitation period deadline will end on April
10, 2015.

The Debtors say they have made significant good faith progress
towards reorganization.  The Debtors add they have conducted
several complicated and successful asset sales and commenced, and
largely effectuated, a comprehensive store-closing process --
including the disposition of the related real property leases.
These processes, conducted for the benefit of their creditors, have
resulted in an enhanced pool of assets for distribution pursuant to
a Chapter 11 plan.  Moreover, they have shared drafts of a Chapter
11 plan with the Official Committee of Unsecured Creditors, and
anticipate filing one shortly, according to the Debtors.

                         About ALCO Stores

ALCO Stores, Inc., operates 198 stores in 23 states throughout the
central United States.  ALCO offers 35,000 items at its stores,
which are located at smaller markets usually not served by other
regional or national broad line retail chains.  The company was
founded in 1901 as a general merchandising operation in Abilene,
Kansas.

ALCO is a public company, and its common stock is quoted on the
NASDAQ National Market tier of the NASDAQ Stock Market under the
ticker symbol "ALCS."

ALCO Stores and ALCO Holdings LLC sought Chapter 11 bankruptcy
protection (Bankr. N.D. Tex. Lead Case No. 14-34941) in Dallas,
Texas, on Oct. 12, 2014, with plans to let liquidators conduct
store closing sales or sell the business to a going-concern buyer.

Judge Stacey G. Jernigan presides over the Chapter 11 cases.

The Debtors have DLA Piper LLP (US) as counsel, Houlihan Lokey
Capital, Inc., as financial advisor, and Prime Clerk LLC as claims
and noticing agent.  Michael Moore has been named consultant to
the Debtors.

As of July 2014, ALCO Stores had assets totaling $222 million and
liabilities totaling $162 million.  The bulk of the liabilities
was total debt outstanding under a credit facility with Wells
Fargo Bank, National Association, of which the aggregate
outstanding was $104.2 million as of the Petition Date.

The Debtor received court approval to sell some of its real estate
along with store leases.

The U.S. Trustee for Region 6 appointed seven creditors to serve
in the official committee of unsecured creditors of ALCO Stores,
Inc.  The Law Office of Judith W. Ross serve as local counsel to
the Committee.


ALLEN SYSTEMS: Can Employ Epiq as Claims and Noticing Agent
-----------------------------------------------------------
Allen Systems Group, Inc., et al., sought and obtained authority
from the U.S. Bankruptcy Court for the District of Delaware to
employ Epiq Bankruptcy Solutions, LLC, as claims and noticing
agent.

As claims and noticing agent, Epiq will provide the following
services:

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

   (b) maintain an official copy of the Debtors' schedules of
assets and liabilities and statements of financial affairs, listing
the Debtors' known creditors and the amounts owed thereto;

   (c) maintain (i) a list of all potential creditors, equity
holders and other parties-in-interest and (ii) a "core" mailing
list consisting of all parties described in Bankruptcy Rule
2002(1), (j), and (k) and those parties that have filed a notice of
appearance pursuant to Bankruptcy Rule 9010; update and make said
lists available upon request by aparty-in-interest or the Clerk;

   (d) 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 notify
said potential creditors of the existence, amount and
classification of their respective claims as set forth in the
Schedules, which may be effected by inclusion of such information
(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;

   (e) maintain a post office box or address for the purpose of
receiving claims and returned mail, and process all mail received;
( for all notices, motions, orders, or other pleadings or documents
served, prepare and file or cause to be filed with the Clerk an
affidavit or certificate of service within seven business days of
service which includes (i) either a copy of the notice served or
the docket numbers) and titles) of the pleadings) 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;

   (g) process all proofs of claim received, including those
received by the Clerk, check said processing for accuracy and
maintain the original proofs of claim in a secure area;

   (h) maintain the official claims register for each Debtor on
behalf of the Clerk; upon the Clerk's request, provide the Clerk
with certified, duplicate unofficial Claims Registers; and specify
in 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 classifications) of the claim (e.g., secured, unsecured,
priority, etc.), (vi) the applicable Debtor, and (vii) any
disposition of the claim;

   (i) implement necessary security measures to ensure the
completeness and integrity of the Claims Registers and the
safekeeping of the original claims;

   (j) record all transfers of claims and provide any notices of
such transfers as required by Bankruptcy Rule 3001(e);

   (k) relocate, by messenger or overnight delivery, all of the
court-filed proofs of claim to the offices of Epiq, not less than
weekly;

   (1) 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;

   (m) monitor the Court's docket for all notices of appearance,
address changes, and claims-related pleadings and orders filed and
make necessary notations on and/or changes to the claims register
and any service or mailing lists, including to identify and
eliminate duplicative names and addresses from such lists;

   (n) identify and correct any incomplete or incorrect addresses
in any mailing or service lists;

   (o) assist in the dissemination of information to the public and
respond to requests for administrative information regarding these
chapter 11 cases as directed by the Debtors or the Court, including
through the use of a case website and/or call center;

   (p) if these chapter 11 cases are converted to cases under
chapter 7 of the Bankruptcy Code, contact the Clerk's office within
three (3) days of notice to Epiq of entry of the order converting
the cases;

   (q) thirty 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 as Claims and Noticing Agent
and terminating its services in such capacity upon completion of
its duties and responsibilities and upon the closing of these
chapter 11 cases;

   (r) within seven days of notice to Epiq of entry of an order
closing these chapter 11 cases, provide to the Court the final
version of the Claims Registers, as of the date immediately before
the close of the chapter 11 cases; and

   (s) 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, Lee's
Summit, Missouri 64064; or (ii) any other location requested by the
Clerk's office.

Prior to the Petition Date, the Debtors provided Epiq a retainer in
the amount of $15,000.

                        About Allen Systems

Allen Systems Group, Inc., and two affiliates provide
mission-critical enterprise information technology ("IT")
management software solutions to large enterprises and small and
medium-sized businesses.  Founded in 1986 by Arthur L. Allen in
Naples, Florida, ASG has more than 100 offices worldwide,
primarily
in the United States and Europe.  As of Feb. 17, 2015, ASG had
1,054 employees in 114 locations in 25 countries.

Allen Systems and two affiliates sought Chapter 11 bankruptcy
protection (Bankr. D. Del. Case No. 15-10332) in Delaware on Feb.
18, 2015.  The case is assigned to Judge Kevin J. Carey.

The Debtor tapped Pachulski Stang Ziehl & Jones LLP as counsel;
Latham & Watkins LLP as special counsel; and Epiq Bankruptcy
Solutions as claims and noticing agent.

Allen Systems estimated $100 million to $500 million in assets and
$500 million to $1 billion in debt.


ALLEN SYSTEMS: Court Enforces Sec. 362 Stay in Ch. 11 Cases
-----------------------------------------------------------
Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District
of Delaware issued an order authorizing Allen Systems Group, Inc.,
et al., to be afforded the protections of the automatic stay under
Section 362 of the Bankruptcy Code and the bankruptcy
anti-termination provision under Section 365.

Pursuant to the order, all persons and all governmental units are
stayed, restrained and enjoined from in any way, seizing,
attaching, foreclosing upon, levying against, or in any other way
interfering with any and all property of the Debtors or the
Debtors' estates, wherever located.  All persons and entities must
continue to perform under any executory contract or unexpired lease
with the Debtors notwithstanding a contractual default by the
Debtors that is a breach of a provision relating to (a) the
insolvency or financial condition of the Debtors at any time before
the closing of the Debtors' Chapter 11 cases or (b) the
commencement of the Debtors' Chapter 11 cases.

                        About Allen Systems

Allen Systems Group, Inc., and two affiliates provide
mission-critical enterprise information technology ("IT")
management software solutions to large enterprises and small and
medium-sized businesses.  Founded in 1986 by Arthur L. Allen in
Naples, Florida, ASG has more than 100 offices worldwide,
primarily
in the United States and Europe.  As of Feb. 17, 2015, ASG had
1,054 employees in 114 locations in 25 countries.

Allen Systems and two affiliates sought Chapter 11 bankruptcy
protection (Bankr. D. Del. Case No. 15-10332) in Delaware on Feb.
18, 2015.  The case is assigned to Judge Kevin J. Carey.

The Debtor tapped Pachulski Stang Ziehl & Jones LLP as counsel;
Latham & Watkins LLP as special counsel; and Epiq Bankruptcy
Solutions as claims and noticing agent.

Allen Systems estimated $100 million to $500 million in assets and
$500 million to $1 billion in debt.


ALLEN SYSTEMS: Court Issues Joint Administration Order
------------------------------------------------------
Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District
of Delaware signed off an order directing the joint administration
of the Chapter 11 cases of Allen Systems Group, Inc., ASG Federal,
Inc., and Viasoft International, LLC, under lead case no.
15-10332.

In support of the joint administration request, the Debtors told
the Court that joint administration of their Chapter 11 cases will
provide significant administrative convenience without harming the
substantive rights of any party-in-interest.  The Debtors assured
the Court that joint administration will not adversely affect each
of their constituencies because they only seek administrative, not
substantive, consolidation of the estates.

                        About Allen Systems

Allen Systems Group, Inc., and two affiliates provide
mission-critical enterprise information technology ("IT")
management software solutions to large enterprises and small and
medium-sized businesses.  Founded in 1986 by Arthur L. Allen in
Naples, Florida, ASG has more than 100 offices worldwide,
primarily
in the United States and Europe.  As of Feb. 17, 2015, ASG had
1,054 employees in 114 locations in 25 countries.

Allen Systems and two affiliates sought Chapter 11 bankruptcy
protection (Bankr. D. Del. Case No. 15-10332) in Delaware on Feb.
18, 2015.  The case is assigned to Judge Kevin J. Carey.

The Debtor tapped Pachulski Stang Ziehl & Jones LLP as counsel;
Latham & Watkins LLP as special counsel; and Epiq Bankruptcy
Solutions as claims and noticing agent.

Allen Systems estimated $100 million to $500 million in assets and
$500 million to $1 billion in debt.


ALLEN SYSTEMS: Has Interim OK to Tap $21.5-Mil. in DIP Loans
------------------------------------------------------------
Allen Systems Group, Inc., et al., sought and obtained interim
authority from Judge Kevin J. Carey of the U.S. Bankruptcy Court
for the District of Delaware to obtain postpetition financing up to
an aggregate principal amount of $21.5 million from NewStar
Business Credit, LLC, as administrative agent and collateral agent
for a consortium of lenders.

At the hearing to consider final approval of the DIP Facility,
scheduled for March 19, 2015, at 2:00 p.m. (Eastern), the Debtors
will seek Court authority to tap a total of $40 million in
postpetition financing.  The DIP Loan bears interest at a per annum
rate equal to the lesser of (1) the Adjusted LIBOR Rate for the
loan and (2) the Maximum Rate.

The Debtors also obtained interim authority to use cash collateral
securing their prepetition indebtedness.  Allen Systems Group,
Inc., TPG Allison Agent, LLC, as administrative agent, and certain
lenders, are parties to a prepetition credit agreement, which
includes a first lien term loan in the original principal amount of
$214.4 million and a $25 million revolving credit facility, which
was fully drawn on closing.  In addition, ASG issued 10.5% Senior
Secured Second Lien Notes due 2016.  As of the Petition Date, $300
million of Second Lien Notes remain outstanding.

Objections, if any, to the final approval of the financing request
must be submitted on or before March 12.

The DIP Agent is represented by:

         Bryan L. Elwood, Esq.
         Heather E. Moulder, Esq.
         GREENBERG TRAURIG LLP
         2200 Ross Avenue
         Suite 5200
         Dallas, TX 75201
         Tel: (214) 665-3600
         Fax: (214) 665-3601
         Email: elwoodb@gtlaw.com
                moulderh@gtlaw.com

The Ad Hoc Committee of Prepetition Secured Creditors is
represented by:

         Alan W. Kornberg, Esq.
         Kelley A. Cornish, Esq.
         PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP
         1285 Avenue of the Americas
         New York, NY 10019-6064
         Tel: (212) 373-3000
         Fax: (212) 757-3990
         Email: akornberg@paulweiss.com
                kcornish@paulweiss.com

            -- and --

         Pauline Morgan, Esq.
         Maris J. Kandestin, Esq.
         YOUNG CONAWAY STARGATT & TAYLOR, LLP
         Rodney Square
         1000 North King Street
         Wilmington, DE 19801
         Tel: (302) 571-6600
         Fax: (302) 571-1253
         Email: pmorgan@ycst.com
                mkandestin@ycst.com

The Prepetition Agent is represented by James-Bates-Brannan-Groover
LLP.

                        About Allen Systems

Allen Systems Group, Inc., and two affiliates provide
mission-critical enterprise information technology ("IT")
management software solutions to large enterprises and small and
medium-sized businesses.  Founded in 1986 by Arthur L. Allen in
Naples, Florida, ASG has more than 100 offices worldwide,
primarily
in the United States and Europe.  As of Feb. 17, 2015, ASG had
1,054 employees in 114 locations in 25 countries.

Allen Systems and two affiliates sought Chapter 11 bankruptcy
protection (Bankr. D. Del. Case No. 15-10332) in Delaware on Feb.
18, 2015.  The case is assigned to Judge Kevin J. Carey.

The Debtor tapped Pachulski Stang Ziehl & Jones LLP as counsel;
Latham & Watkins LLP as special counsel; and Epiq Bankruptcy
Solutions as claims and noticing agent.

Allen Systems estimated $100 million to $500 million in assets and
$500 million to $1 billion in debt.


ALLEN SYSTEMS: Taps John Didonato as Chief Restructuring Officer
----------------------------------------------------------------
Allen Systems Group, Inc., et al., seek authority to employ Huron
Consulting Services LLC to designate John C. Didonato as chief
restructuring officer and provide personnel to assist the CRO.

In December 2012, Allen Systems Group, Inc., as borrower, TPG
Allison Agent, LLC, as administrative agent, and TPG Allison, LLC,
as lender, became parties to a credit agreement, which provides
that the Debtors retain the services of a chief restructuring
officer as an officer and a director of the Debtors.

Generally, the CRO and the Huron Personnel will perform activities
and services that include having control over: (a) the operational
and cash management functions of the Debtors; (b) the development
of any cost reduction programs or asset conservation measures with
respect to the Debtors; and (c) any elements of the restructuring
process with respect to the Debtors.

This may include, but is not limited to, the Engagement Personnel
supporting the Debtors with:

   (a) Services in connection with financial operations, including
assistance in complying with various requirements contained in the
Company's loan agreements and other similar tasks, which will
include, but not be limited to:

       (i) Develop a communication plan to receive reports from and
provide reporting to senior management;

      (ii) Preparation, review and approval of data analyses for
the board of directors and corporate governance-related
presentations, together with existing management, with respect to
the Company's restructuring plans and progress, cash flow and
liquidity forecasting, and other financial and related analyses;

     (iii) Direct communication and reporting to the Company's
lenders, including preparation of various updates and financial
reporting;

      (iv) Preparation, review and approval of data analyses and
certification mechanisms, together with existing management,
necessary to meet reporting requirements of the Company's lenders
including, but not limited to, the Company's restructuring plans
and progress, cash flow and liquidity forecasting, and other
financial and related analyses;

       (v) Assistance with all aspects of interaction with the
Company's lenders, including communications, preparation for
meetings and responses to lender inquiries;

     (vi) Collaboration with management with respect to:

          -- Evaluating compliance with the covenants as set forth
in the Company's loan agreements;

          -- Evaluating compliance with affiliate-party related
requirements as set forth in the Company's loan agreements,
including the liquidity support agreement; and

          -- Analyzing the Company's daily, weekly and monthly
liquidity;

    (vii) Monitor and analyze the Company's operational and
financial condition, cash expenditures, business plans, operating
projections, strategy, projected cash requirements and cash
management;

   (viii) Identify, direct and manage the Company's efforts to
implement improvements to working capital management aimed at
maximizing availability and liquidity;

     (ix) Certification of certain information as required in the
Credit Agreements; and

      (x) Directly advising the Chairman and CEO, senior management
team and the board of directors on the restructuring of the
Company's operations.

   (b) Services in connection with improvements in business
operations:

   (i) Ongoing review of the Company's revenues, marketing,
compensation practices, and competitive strengths and weaknesses;

  (ii) Identify, direct and manage the Company's efforts in
operational improvements, including assisting existing management
in:

       -- Improve internal controls;

       -- Geographical region sales strategies including EMEA, APAC
and LATAM restructurings;

       -- Sales force productivity and H.R. strategy and employee
satisfaction, including the potential return to 5-day work week;

       -- Prepare and implement various restructuring
opportunities;

       -- Review of staffing, employee-related costs and
compensation practices; and

       -- Other business operational improvements yet to be
identified.

(iii) Identify and implement key performance indicators to align
with turnaround opportunities as listed above; and

  (iv) Directly advising the Chairman and CEO, senior management
team and the Board of Directors on the restructuring of the
Company's operations.

   (c) Additional services that may be performed as appropriate,
including:

   (i) Financial analysis, sizing analysis and budget preparation;

  (ii) Assistance with negotiating credit agreements, amendments
and other financing alternatives or transactions;

(iii) Assistance with supplier management programs; and

  (iv) Assistance with monthly reporting requirements.

   (d) Other services as may be approved by the Company and deemed
necessary by the Company or its lenders in order to further the
restructuring efforts of the Company.

Huron will bill the Debtors on an hourly basis based upon the
actual hours worked based upon the following 2015 hourly billing
rates:

   Title                        Hourly Rate
   -----                        -----------
   Managing Director            $700 - $850
   Senior Director                  $625
   Director                     $550 - $600
   Manager                      $400 - $450
   Associate                        $375
   Analyst                          $300

If, during the Fee Period, (a) any Financial Restructuring is
consummated or (b)(i) an agreement in principal, definitive
agreement or Plan to effect a Financial Restructuring is entered
into and (ii) concurrently therewith or at any time thereafter, any
Financial Restructuring is consummated, $1,250,000 will become due
to Huron, contingent upon the consummation of a Financial
Restructuring.

In addition to compensation for professional services rendered by
Engagement Personnel, Huron will seek reimbursement for reasonable
and customary expenses incurred in connection with the Chapter 11
cases, including, but not limited to transportation, lodging,
meals, communications, supplies, copying, etc. travel.

Huron received $200,000 as an initial retainer from the Debtors.
In the 90 days prior to the Petition Date, Huron received
additional retainers and payments totaling approximately $2,478,889
in the
aggregate for services performed for the Debtors.  The unapplied
Retainers, which are estimated to total approximately $200,000,
will not be segregated by Huron in a separate account, and will be
held until the end of the Chapter 11 cases and applied to Huron's
finally approved fees in these proceedings, unless the Debtors
agree to an alternative arrangement.

John C. Didonato, managing director at Huron Consulting Group,
assures the Court that his firm is a "disinterested person" as the
term is defined in Section 101(14) of the Bankruptcy Code and does
not represent any interest adverse to the Debtors and their
estates.

Huron may be reached at:

         John C. Didonato
         HURON CONSULTING GROUP
         550 W. Van Buren Street
         Chicago, IL 60607
         Tel: (312) 583-8700
         Fax: (312) 583-8701
         Email: jdidonato@huronconsultinggroup.com

                        About Allen Systems

Allen Systems Group, Inc., and two affiliates provide
mission-critical enterprise information technology ("IT")
management software solutions to large enterprises and small and
medium-sized businesses.  Founded in 1986 by Arthur L. Allen in
Naples, Florida, ASG has more than 100 offices worldwide,
primarily
in the United States and Europe.  As of Feb. 17, 2015, ASG had
1,054 employees in 114 locations in 25 countries.

Allen Systems and two affiliates sought Chapter 11 bankruptcy
protection (Bankr. D. Del. Case No. 15-10332) in Delaware on Feb.
18, 2015.  The case is assigned to Judge Kevin J. Carey.

The Debtor tapped Pachulski Stang Ziehl & Jones LLP as counsel;
Latham & Watkins LLP as special counsel; and Epiq Bankruptcy
Solutions as claims and noticing agent.

Allen Systems estimated $100 million to $500 million in assets and
$500 million to $1 billion in debt.


ALSIP ACQUISITION: Authorized to Reject CBAs with IUOE and USW
--------------------------------------------------------------
Bankruptcy Judge Kevin J. Carey authorized Alsip Acquisition LLC,
to reject the collective bargaining agreement with (i) the United
Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied
Industrial and Service Workers International Union and its
affiliated Local 1085; and (ii) the International Union of
Operating Engineers and its affiliated Local 399.

The Court ordered that:

   1. the IUOE is rejected effective as of Jan. 8, 2015, the date
that the Debtors' sale was approved; and

   2. the USW CBA is rejected effective as of Jan. 12, 2015, the
last date that the Debtors employed employees represented by the
USW.

As reported in the Troubled Company Reporter on Jan. 22, 2015,

Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that the Debtor said collective-bargaining
agreements with unions must be scrapped to permit the sale of its
paper mill in Illinois.

According to the report, Alsip said given the cessation of
operations and the proposed sale of its assets to Resolute Forest
Products Inc., which emerged as the winning bid at a Jan. 7
auction, the union contracts are "essentially without effect."  The
company said it doesn't have the means or need to honor obligations
under the contracts, the Bloomberg report related.

Alsip, however, said the buyer is willing to negotiate a new
agreement with the union representing hourly workers.

                      About Alsip Acquisition

Alsip Acquisition, LLC and APCA, LLC were the leading North
American provider of responsibly made recycled paper for books and
magazines, as well as for commercial printing and packaging
applications.  The operational and manufacturing headquarters are
located in Alsip, Illinois, and consist of a 40-year-old mill and
a
leased warehouse in Alsip, Illinois.  The mill and warehouse were
idled in September 2014 following cash losses.  Most of Alsip's
stock is owned by FutureMark Holdings, LLC.

On Nov. 20, 2014, Alsip Acquisition and APCA each filed petitions
seeking relief under chapter 11 of the United States Bankruptcy
Code.  The Debtors' cases have been assigned to Judge Kevin J.
Carey (KJC). The cases have been jointly administered, with
pleadings maintained on the case docket for Case No. 14-12596.

The Debtors have tapped Mintz Levin Cohn Ferris Glovsky and Popeo
PC as counsel and Pachulski Stang Ziehl & Jones as co-counsel.
Epiq
Bankruptcy Solutions LLC is the claims and notice agent.

As of Oct. 31, 2014, the Debtors had $7.74 million of funded
indebtedness and related obligations outstanding.

The Debtors disclosed $12,906,018 in assets and $34,362,844 in
liabilities as of the Chapter 11 filing.

The goal of the Debtors is to consummate the sale of the assets to
Resolute FP Illinois LLC pursuant to an asset purchase agreement or
another bidder pursuant to the bid procedures.  In addition, the
Debtors intend to vacate their leased locations in Connecticut and
New Jersey, liquidate their other assets, and distribute any
proceeds pursuant to the claims process established by the
Bankruptcy Code.

On Jan. 8, 2015, the Court authorized the Debtors to sell certain
assets to Paper Mill Acquisition, LLC, pursuant to an asset
purchase agreement dated Jan. 7, 2015.

The Official Committee of Unsecured Creditors is represented by
Maria Aprile Sawczuk, Esq., and Harold D. Israel, Esq., at
Goldstein & McClintlock LLLP.  The Committee tapped to retain
GlassRatner Advisory & Capital Group LLC as its financial advisor.



ALSIP ACQUISITION: OK'd to Implement Key Employee Incentive Plan
----------------------------------------------------------------
Bankruptcy Judge Kevin J. Carey authorized Alsip Acquisition LLC,
to implement the key employee incentive plan, and make payments
provided under the Plan.

As reported in the Troubled Company Reporter on Jan. 22, 2015, Bill
Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg News,
reported that the Debtor has asked permission to pay three
non-insider employees retention bonuses of $15,000 each.  Two are
charged with preparing the mill for sale and the third is the only
employee left who can complete bookkeeping functions, the report
said, citing court papers.

                      About Alsip Acquisition

Alsip Acquisition, LLC and APCA, LLC were the leading North
American provider of responsibly made recycled paper for books and
magazines, as well as for commercial printing and packaging
applications.  The operational and manufacturing headquarters are
located in Alsip, Illinois, and consist of a 40-year-old mill and
a
leased warehouse in Alsip, Illinois.  The mill and warehouse were
idled in September 2014 following cash losses.  Most of Alsip's
stock is owned by FutureMark Holdings, LLC.

On Nov. 20, 2014, Alsip Acquisition and APCA each filed petitions
seeking relief under chapter 11 of the United States Bankruptcy
Code.  The Debtors' cases have been assigned to Judge Kevin J.
Carey (KJC). The cases have been jointly administered, with
pleadings maintained on the case docket for Case No. 14-12596.

The Debtors have tapped Mintz Levin Cohn Ferris Glovsky and Popeo
PC as counsel and Pachulski Stang Ziehl & Jones as co-counsel.
Epiq
Bankruptcy Solutions LLC is the claims and notice agent.

As of Oct. 31, 2014, the Debtors had $7.74 million of funded
indebtedness and related obligations outstanding.

The Debtors disclosed $12,906,018 in assets and $34,362,844 in
liabilities as of the Chapter 11 filing.

The goal of the Debtors is to consummate the sale of the assets to
Resolute FP Illinois LLC pursuant to an asset purchase agreement
or
another bidder pursuant to the bid procedures.  In addition, the
Debtors intend to vacate their leased locations in Connecticut and
New Jersey, liquidate their other assets, and distribute any
proceeds pursuant to the claims process established by the
Bankruptcy Code.

The Official Committee of Unsecured Creditors is represented by
Maria Aprile Sawczuk, Esq., and Harold D. Israel, Esq., at
Goldstein & McClintlock LLLP.  The Committee tapped to retain
GlassRatner Advisory & Capital Group LLC as its financial advisor.



ALTEGRITY INC: Seeks to Assume Restructuring Support Agreement
--------------------------------------------------------------
Altegrity, Inc., et al., seek authority from the U.S. Bankruptcy
Court for the District of Delaware to assume a restructuring
support agreement, which provides the road map to their successful
emergence from Chapter 11.

The RSA is the culmination of several months of negotiation among
the Debtors' key stakeholders and represents a comprehensive
solution to the Debtors' needs.  A fundamental component of the RSA
is the DIP Lenders' agreement to invest $90 million in new capital
in the Debtors in the form of a multi-draw, junior-priority secured
DIP financing that, rather than being payable in cash upon the
Debtors' exit from Chapter 11, will be converted into a new second
lien debt instrument that will provide necessary liquidity to fund
the Debtors' business and capital obligations upon consummation of
the Chapter 11 Plan contemplated by the Restructuring Support
Agreement.

The RSA also specifies the treatment of prepetition claims of the
Debtors, including the following:

   (a) All claims outstanding under the Prepetition First Lien
Credit Facility and the Prepetition First Lien Notes, after par
offers to pay down on account of $110 million from proceeds of the
sale of the assets of Debtor Kroll Factual Data, Inc., and
substantially all of the  Global Security & Solutions Division,
will be reinstated under Section 1124 of the Bankruptcy Code.

   (b) On account of their allowed claims under the Second Lien
Indenture, holders of Prepetition Second Lien Notes will receive
their pro rata share of 98% of the new common stock of the
reorganized Debtors.

   (c) On account of their allowed claims under the Third Lien
Indenture, holders of Prepetition Third Lien Notes will receive
their pro rata share of 2% of the new common stock of the
reorganized Debtors.

   (d) On account of their allowed claims, holders of general
unsecured claims against all Debtors other than those Debtors
filing a Chapter 11 plan of liquidation will receive their pro rata
share of the value of any unencumbered assets, provided that the
holders of Prepetition Second Lien Notes and Prepetition Third Lien
Notes will waive any recovery on account of their unsecured
deficiency claims if the class of general unsecured creditors votes
in favor of the Debtors' Chapter 11 plan.

   (e) On account of their allowed claims, holders of all other
unsecured claims against the Liquidating Debtors will receive no
distribution.

The signatories to the Restructuring Support Agreement include
holders of approximately 78% of the Debtors' First Lien
Indebtedness and approximately 95% of their Prepetition Second Lien
Notes and Prepetition Third Lien Notes.

                        About Altegrity Inc.

Altegrity Inc. provides background investigations for the U.S.
government; employment background and mortgage screening for
commercial customers; technology-driven legal services and
software
for data management; and investigative, analytic, consulting, due
diligence, and security services.  Altegrity is principally owned
by investment funds affiliated with Providence Equity Partners.

Altegrity Inc. and 37 of its affiliates filed Chapter 11
bankruptcy
petitions (Bankr. D. Del. Lease Case No. 15-10226) on Feb. 8,
2015.
Jeffrey S. Campbell signed the petitions as president and chief
financial officer.  The Debtors disclosed total assets of $1.7
billion and total liabilities of $2.1 billion as of June 30, 2014.

M. Natasha Labovitz, Esq., Jasmine Ball, Esq., and Craig A.
Bruens,
Esq., at Debevoise & Plimpton LLP serve as the Debtors' counsel.
Joseph M. Barry, Esq., Ryan M. Bartley, Esq.,
and Edmon L. Morton, Esq., at Young, Conaway, Stargatt & Taylor,
LLP, act as the Debtors' Delaware and conflicts counsel.  
Stephen Goldstein and Lloyd Sprung, at Evercore Group, LLC, are
the
Debtors' investment bankers.  Kevin M. McShea and Carrianne J. M.
Basler, at Alixpartners LLP serve as the Debtors' restructuring
advisors.  Prime Clerk LLC is the Debtors' claims and noticing
agent.  PricewaterhouseCoopers LLP serves as the Debtors'
independent auditors.


AMERICAN SANDS: Has Negative Cash Flows From Operating Activities
-----------------------------------------------------------------
American Sands Energy Corp. filed with the U.S. Securities and
Exchange Commission its quarterly report on Form 10-Q, disclosing a
net loss of $624,000 on $nil of revenues for the three months ended
Dec. 31, 2014, compared with a net loss of $973,000 on $nil of
revenues for the same period in 2013.

The Company's balance sheet at Dec. 31, 2014, showed $1.23 million
in total assets, $677,000 in total liabilities and total
stockholders' equity of $549,000.

The Company has incurred substantial losses from operations and has
negative cash flows from operating activities, which raise
substantial doubt about the Company's ability to continue as a
going concern.  The Company sustained a net loss for the nine
months ended Dec. 31, 2014 of $2.42 million and has an accumulated
deficit of $17 million as of Dec. 31, 2014.  In addition, the
Company estimates it will require approximately $150 million in
capital to commence principal operations.  

A copy of the Form 10-Q is available at:
                              
                       http://is.gd/ewsNNt
                          
American Sands Energy Corp. operates as a development stage
company with interest in clean extraction of bitumen from oil
sands.  It has under lease oil sand deposits in Utah containing
millions of barrels of recoverable bitumen resource.  The company
has also licensed and refined a proprietary extraction process
that separates hydrocarbons from sand, dirt and other substances
to produce a liquid fuel stock suitable for refining.  American
Sands Energy was founded by William C. Gibbs on April 7, 1983 and
is headquartered in Salt Lake City, Utah.

The Company reported a net loss of $909,000 on $nil of total
revenue
for the three months ended Sept. 30, 2014, compared with a net loss

of $792,000 on $nil of total revenue for the same period in 2013.


AMFIN FINANCIAL: High Court Refuses to Hear FDIC Tax Refund Row
---------------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that the U.S. Supreme Court refused to intercede in
a case pitting the Federal Deposit Insurance Corp., as receiver for
a failed bank, against creditors of AmFin Financial Corp.

As previously reported by The Troubled Company Reporter, the FDIC
says that the Supreme Court should uphold a Sixth Circuit decision
that rescinded a $170 million tax refund granted to the bankruptcy
estate of AmFin because of an ambiguity in the holding company's
tax-sharing agreement.  In July, the Sixth Circuit asked a lower
court to re-evaluate whether AFC's tax sharing agreement entitles
it to tax refunds generated by its commercial banking arm AmTrust
Bank.

The Bloomberg report relates that FDIC case involved a $195 million
tax refund for 2009.  The FDIC claimed the right to collect all but
$25 million of the refund as the receiver for a failed bank
subsidiary, the report further related.  The bankrupt parent, AmFin
Financial, claimed the entire refund and argued that the FDIC was
an unsecured creditor for its share of the refund, the report
said.

The case is AmFin Financial Corp. v. Federal Deposit Insurance
Corp., 14-576, U.S. Supreme Court.  The case in the appeals court
was Federal Deposit Insurance Corp. v. AmFin Financial Corp.,
13-3669, U.S. Court of Appeals for the Sixth Circuit (Cincinnati).
The district court suit is Federal Deposit Insurance Corp. v. AmFin
Financial Corp., 11-2574, U.S. District Court, Northern District
Ohio
(Akron).

                     About AmTrust Financial

AmTrust Financial Corp. was the owner of the AmTrust Bank.
AmTrust was the seventh-largest holder of deposits in South
Florida, with $4.7 billion in deposits and 21 branches.

In November 2008, the Office of Thrift Supervision issued a cease
and desist order requiring AmTrust to improve its capital ratios.

AmTrust Financial, together with affiliates that include AmTrust
Management Inc., filed for Chapter 11 bankruptcy protection
(Bankr. N.D. Ohio Case No. 09-21323) on Nov. 30, 2009.  The debtor
subsidiaries include AmFin Real Estate Investments, Inc., formerly
AmTrust Real Estate Investments, Inc. (Case No. 09-21328).

G. Christopher Meyer, Esq., Christine M. Piepont, Esq., and Sherri
L. Dahl, Esq., at Squire Sanders & Dempsey (US) LLP, in Cleveland,
Ohio; and Stephen D. Lerner, Esq., at Squire Sanders & Dempsey
(US) LLP, in Cincinnati, Ohio, served as counsel to the Debtors.
Kurtzman Carson Consultants served as claims and notice agent.
Attorneys at Hahn Loeser & Parks LLP serve as counsel to the
Official Committee of Unsecured Creditors.  AmTrust Management
estimated $100 million to $500 million in assets and debts in its
Chapter 11 petition.

AmTrust Bank was not part of the Chapter 11 filings.  On Dec. 4,
2009, AmTrust Bank was closed by regulators and the Federal
Deposit Insurance Corporation was named receiver.  New York
Community Bank, in Westbury, New York, assumed all of the deposits
of AmTrust Bank pursuant to a deal with the FDIC.

AmTrust, nka AmFin Financial Corp., obtained confirmation of its
Amended Joint Plan of Reorganization on Nov. 3, 2011.  The plan
was declared effective in December 2011.


ANTHONY CLOW: Schedules Control Over Later Insurance Claim
----------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that a Feb. 19 opinion by U.S. District Judge J.
Phil Gilbert from East St. Louis, Illinois, ruled that someone who
lists personal property as worth $950 in a personal bankruptcy is
stuck with that amount in filing an insurance claim if the goods
are later destroyed in a fire.

According to the report, using the doctrine of judicial estoppel,
Judge Gilbert said bankrupt man was "stuck" with the $950 value he
placed on personal property because that was his "sworn
representation in his bankruptcy proceeding."  It didn't matter
that the value was listed on advice of bankruptcy counsel, Judge
Gilbert said, the report related.

The case is Bruegge v. Metropolitan Property & Casualty Insurance
Co., 13-cv-1256, U.S. District Court, Southern District of Illinois
(East St. Louis).


ARALCO S/A INDUSTRIA: Chapter 15 Case Summary
---------------------------------------------
Chapter 15 Petitioner: Ricardo Costa Villela

Chapter 15 Debtors:

     Name                                    Case No.
     ----                                    --------
     Aralco S/A Industria e Comercio         15-10419
     - em recuperacao judicial
     Rodovia SPV km 45+600 metros
     Bairro Generoso
     Santo Antonio do Aracangua
     So Paulo 16130-000
     Brazil

     Agral S/A Agricola Aracangua            15-10420
     - em recuperacao judi and
     Ricardo Costa Villela

     Destilaria Generalco S/A                15-10421
     - em recuperacao judicial and
     Ricardo Costa Villela

     Alcoazul S/A Acucar e Alcool            15-10423
     - em recuperacao judi and
     Ricardo Costa Villela

     Figueira Industria e Comercio S/A       15-10424
     - em recuperacao
     and Ricardo Costa Villela

     Aralco Finance S/A                      15-10425
     - em recuperacao judicial and
     Ricardo Costa Villela

     Aracangua Sociedade de                  15-10426
     Participacao Ltda.
     - em rec and Ricardo Costa Villela

     Agrogel Agropecuaria General Ltda.      15-10427
     - em recupercao and
     Ricardo Costa Villela

     Agroazul - Agricola Alcoazul Ltda.      15-10428
     - em recuperaca and
     Ricardo Costa Villela

Type of Business: The Debtors are producers of sugar and ethanol
                  with their operations located in the State
                  of Sao Paulo, Brazil.

Chapter 15 Petition Date: February 25, 2015

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

Chapter 15 Petitioner's      John K. Cunningham, Esq.
Counsel:                     Richard S. Kebrdle, Esq.
                             WHITE & CASE, LLP
                             200 South Biscayne Boulevard, Suite
4900
                             Miami, FL 33131
                             Tel: (305) 995-5252
                             Fax: (305) 358-5744
                             Email: jcunningham@whitecase.com
                                    rkebrdle@whitecase.com

Estimated Assets: $500 million to $1 billion

Estimated Liabilities: $500 million to $1 billion


ASARCO LLC: Supreme Court Hears Bankruptcy Lawyers' Billing Dispute
-------------------------------------------------------------------
Katy Stech, writing for The Wall Street Journal, reported that the
U.S. Supreme Court heard arguments over whether copper miner Asarco
LLC, which hired the Baker Botts LLP law firm to handle its
bankruptcy in 2005, must pay $5 million to the law firm for the
time the firm spent defending its fees in a nasty billing dispute.

According to the report, the Supreme Court justices pushed lawyers
on both sides of the dispute to answer questions on whether law
firms should absorb the costs of expensive billing fights that
break out in bankruptcy cases.  Justice Elena Kagan pushed Asarco's
lawyer to explain why the cost of getting paid shouldn't be wrapped
into the bill, the Journal related.

"It strikes me that if somebody said, 'What's reasonable
compensation now?' it would be $15. It wouldn't be $10," she said,
the Journal cited.  "And it's the exact same thing here.  It's like
by the time you go through all this stuff that you have to go
through to get paid, you should get paid more," the Journal further
cited Justice Kagan as saying.

The case in the Supreme Court is Baker Botts LLP v. Asarco LLC,
14-103, U.S. Supreme Court (Washington).  The case in the appeals
Court is Asarco LLC v. Jordan Hayden Womble Culbreth & Holzer PC
(In re Asarco LLC), 12-40997, U.S. Court of Appeals for the Fifth
Circuit (New Orleans).

                         About Asarco LLC

Based in Tucson, Arizona, ASARCO LLC -- http://www.asarco.com/--  

is an integrated copper mining, smelting and refining company.
Grupo Mexico S.A. de C.V. is ASARCO's ultimate parent.

ASARCO LLC filed for Chapter 11 protection (Bankr. S.D. Tex. Case
No. 05-21207) on Aug. 9, 2005.  Attorneys at Baker Botts
L.L.P., and Jordan, Hyden, Womble & Culbreth, P.C., represented
the Debtor in its restructuring efforts.

On Dec. 9, 2009, Asarco Incorporated and Americas Mining
Corporation's Seventh Amended Plan of Reorganization for the
Debtors became effective and the ASARCO Asbestos Personal Injury
Settlement Trust was created and funded with nearly $1 billion in
assets, including more than $650 million in cash plus a $280
million secured note from Reorganized ASARCO.  The Plan, which was
confirmed both by the bankruptcy and district courts, reintegrated
ASARCO LLC back to parent Grupo Mexico concluding the four-year
Chapter 11 proceeding.


ATHERTON BAPTIST: Fitch Affirms 'B+' Rating on $29MM 2010A Bonds
----------------------------------------------------------------
Fitch Ratings has affirmed the 'B+' rating on approximately $29
million series 2010A bonds issued by the city of Alhambra, CA on
behalf of Atherton Baptist Homes (Atherton).

The Rating Outlook is Stable.

SECURITY

The bonds are secured by gross revenue pledge, mortgage, and debt
service reserve fund.

KEY RATING DRIVERS

WEAK GOVERNANCE AND MANAGEMENT PRACTICES ADDRESSED: Since Fitch's
last review in February 2014, several changes have been implemented
which are expected to correct Atherton's weak governance and
management practices.  These changes include a new CEO, a new
Chairman of the board, and restated bylaws to broaden the breadth
and diversity of board members.  While positive in intent, Fitch
will monitor the effectiveness of these changes on operations and
management oversight practices.

POOR FINANCIAL PROFILE: The affirmation of the 'B+' rating reflects
Atherton's weak financial profile with low liquidity, poor
operating performance, and thin debt service coverage. Operating
ratio remains high, especially for a Type C facility, with 122.6%
in fiscal 2014 (unaudited) and 122.3% in fiscal 2013 compared to
Fitch's Type C median of 93.6%.  Poor profitability has been driven
by lower than budgeted revenue and higher expenses, especially
related to workers' compensation.  Atherton generated debt service
coverage of just 1.3x in fiscal 2014 and fiscal 2013; just above
its covenant requirement of 1.2x.

WEAK LIQUIDITY: Atherton's liquidity position is weak with $7.9
million unrestricted cash and investments at Dec. 31, 2014, which
translated to 158.3 days cash on hand (DCOH) and 27.2% cash to
debt.  Atherton has a liquidity covenant of 180 DCOH beginning June
30, 2015, which is not expected to be met but will not trigger an
event of default assuming a consultant call in. Currently, there is
a management consultant engaged, who is expected to remain on board
until all bond covenants are met. Fitch notes that the redemption
of the remaining series 2010B bonds during fiscal 2014 drove a
decline in liquidity from the prior year since initial entrance fee
receipts were part of unrestricted cash and investments.

IMPROVED ILU OCCUPANCY: Atherton opened a 50 independent living
unit (ILU) expansion (Courtyard) in June 2011 that experienced very
slow fill, but is now essentially fully occupied with 49 of 50
units occupied.  Atherton's focus over the last year has been to
increase the occupancy in the older part of the campus (Classic -
170 ILUs).  Classic ILU occupancy has improved to 82.9% in the
fourth quarter of 2014 (4Q'14) from 77.6% in the 1Q'14; however,
occupancy and revenue targets have been below budget.  The fiscal
2015 budget assumes an average occupancy of 83.5% in the Classic
ILUs, which Fitch views as reasonable and combined with price
increases should generate a slight improvement in profitability for
fiscal 2015.

RATING SENSITIVITIES

ACHIEVING FINANCIAL STABILITY: Atherton has made key managerial and
governance changes, which are intended to improve financial and
operational performance.  A key driver to generating financial
stability in the near term will be improving occupancy in the
Classic ILUs.  Management's five year forecast projects meeting all
bond covenant requirements, increasing occupancy in the 170 Classic
ILUs to 91.2% by 2019 and building liquidity, which Fitch believes
could be achievable if the board provides appropriate oversight and
management accountability.

CREDIT PROFILE

Atherton Baptist Homes is a Type C continuing care retirement
community (CCRC) located in Alhambra, CA with 170 Classic ILUs, 50
Courtyard ILUs, 38 assisted living units (ALU), and 99 skilled
nursing facility (SNF) beds.  Total revenue in fiscal 2014 (Dec. 31
year end; unaudited) was $16.8 million.

Management Consultant Report

A management consultant report was issued in March 2014 due to the
violation of the occupancy requirement in the bond documents and
the cumulative cash used for operations financial covenant (this
covenant will no longer be tested as of fiscal 2015).  An update to
the report was provided in September 2014 and another update as of
December 2014 will be available in a few weeks.  There were several
recommendations for improvements in the areas of governance and
management practices as well as in marketing and sales strategies.
Fitch expects that changes made to date and other changes that are
in the process of being implemented should benefit the
organization.

Bond Covenant Compliance

Atherton will be tested on the following bond covenants: 1.2x
maximum annual debt service (MADS) coverage tested quarterly on a
rolling 12 month basis beginning March 31, 2015, 180 DCOH tested
every June 30 and Dec. 31 beginning June 30, 2015, and maintaining
46 occupied Courtyard ILUs (92%) and 140 Classic ILUs (82.4%) every
quarter.  The occupancy covenants are already being tested. Based
on management's fiscal 2015 budget, all of these covenants will be
met for the Dec. 31, 2015 period.  However, the liquidity covenant
test as of June 30, 2015 will likely not be met. The liquidity
covenant does not trigger an event of default as long as there is a
consultant call in.  The only covenant that would trigger an event
of default is having less than 1x MADS coverage for two consecutive
years (based on audited fiscal year).

Continued Improvement in Occupancy is Key

The Courtyard project was part of Atherton's campus improvement
plan.  The project added 50 ILUs to the existing campus and
included the renovation and upgrade of existing common facilities.
The total construction cost was $33.4 million and the Courtyard
opened on time and within budget in June 2011.  Atherton issued
$29.3 million fixed rate series 2010A bonds and $14.64 million of
series 2010B bonds to fund the project.  The Courtyard fill up was
much slower than anticipated but has reached 98% occupancy (49
units) as of February 2015.  The projections include the Courtyard
units maintaining at least 96% occupancy.

Fitch believes that Atherton needs to improve the occupancy in the
170 existing Classic units to improve overall financial
performance.  The marketing and sales initiatives remain largely
the same as last year with some incentives being offered.  New
initiatives are being considered including offering a certain
amount of free days in the health center as well as a refundable
entrance fee model for its Classic ILUs.  As of February 2015,
Classic ILU occupancy was 140.  Classic ILU occupancy is budgeted
at 142 (83.5%) for fiscal 2015 and improving to 155 (91%) by 2019.
Net turnover entrance fees is projected to total $5 million in
fiscal 2015 and $4.9 million in fiscal 2016, which will be key to
meeting debt service coverage requirements as operating performance
is projected to remain weak.  Fitch views the $5 million of net
turnover entrance fees budgeted for 2015 with some skepticism since
the amount is much higher than the $3.4 million collected in 2014
and the $2.1 million collected in 2013.  However, the net turnover
entrance fees incorporate a price increase as well as a reasonable
assumption for improved occupancy.

Poor Profitability

Historical profitability has been poor.  Atherton missed its fiscal
2014 budget due to lower than projected revenue and continued
pressure from workers' compensation expense.  Atherton's bottom
line in fiscal 2014 was negative $3.5 million compared to a budget
of negative $3 million.  Unbudgeted workers' compensation expense
was related to settlement of claims from its old captive insurance
and the timing of the settlement of the remaining claims will
likely have a volatile impact on Atherton's performance going
forward until all the claims are settled.  Total revenue was below
budget due to lower than budgeted Classic ILU occupancy and
healthcare census.

Atherton's fiscal 2015 budget has a bottom line loss of $2.7
million and includes reasonable occupancy assumptions (Classic at
83.5%) and also includes price increases on monthly service fees.
Although operating performance is projected to improve slightly,
Fitch views the structural imbalance of cash operating expenses in
excess of cash operating revenue as a major credit weakness and
believes it is reflective of Atherton's historically poor
management practices and weak board oversight.  Atherton will be
dependent on net turnover entrance fees to meet debt service
coverage, similar to fiscal 2014 with a 1.3x debt service coverage
($3.33 million net available for debt service with $3.4 million net
turnover entrance fees received).

Weak Liquidity Metrics

At Dec. 31, 2014, Atherton had $7.9 million of unrestricted cash
and investments which equated to 158.3 DCOH, a 3.1x cushion ratio
and 27.2% cash to debt compared to Fitch's 'BBB' category medians
of 407.6, 6.9x and 60.2%.  Fitch notes that Atherton's investment
portfolio is fairly aggressive for its rating level with 63% of its
investments exposed to equities.  This has been reduced from 75%
but still remains high.

Management is budgeting unrestricted cash and investments to
improve to over $9 million by year-end 2015 due in part to higher
net entrance fee receipts, which would allow Atherton to meet its
liquidity covenant at the Dec. 31 test date.  The budget also
incorporates a higher amount of capital spending, which is now
projected at approximately $2 million a year from 2015-2019
compared to $1.3 million per year from 2012-2014 to fund campus
improvements to enhance the marketability of the Classic ILUs.
Further, Atherton is expected to have a deferred maintenance study
completed sometime this year, which may result in recommendations
for even higher level of capital spending.  Atherton maintains a
defined benefit pension plan that is currently underfunded;
however, the pension plan is not subject to ERISA requirements.  It
is unlikely that pension contributions will be made over the near
term as there are other demands on liquidity such as meeting its
liquidity covenant and future capital needs.

Debt Profile

Total debt outstanding is approximately $29 million and is 100%
fixed rate.  MADS is $2.56 million and accounted for 14.5% of total
revenue in fiscal 2014 compared to Fitch's 'BBB' category median of
12.3%.  Atherton's debt service coverage was a thin 1.3x in fiscal
2014 from 1.39x coverage per bond covenant calculation in fiscal
2013.

Disclosure

Atherton posts monthly disclosure on EMMA and also hosts investor
calls.



AUBURN TRACE: Hires Dauby O'Connor as Accountant
------------------------------------------------
Auburn Trace, Ltd. seeks authorization from the U.S. Bankruptcy
Court for the Southern District of Florida to employ Kenneth
Dennison and the firm Dauby, O'Connor & Zaleski, LLC as accountant,
nunc pro tunc to the Jan. 7, 2015 petition date.

Dauby O'Connor will prepare the Debtor's 2014 audit and the
Debtor's 2013 and 2014 tax returns.

For the professional services to be rendered to the Debtor's
estate, Dauby O'Connor has agreed to perform said services at its
standard flat fee rate of $8,000 to prepare the Debtor's 2014
audit, $2,600 to prepare the Debtor's 2013 and 2014 tax returns and
personal property returns.

Kenneth Dennison, CPA at Dauby O'Connor, assured the Court that the
firm is a "disinterested person" as the term is defined in Section
101(14) of the Bankruptcy Code and does not represent any interest
adverse to the Debtors and their estates.

The Court for the Southern District of Florida will hold a hearing
on the application on March 18, 2015, at 9:30 a.m.  

Dauby O'Connor can be reached at:

       Kenneth Dennison
       DAUBY, O'CONNOR & ZALESKI, LLC
       501 Congressional Blvd.,
       Carmel, IN 46032
       Tel: (866) 848-5700
       Fax: (317) 815-6140

                          About Auburn Trace

Auburn Trace filed a Chapter 11 bankruptcy petition (Bank. S.D.
Fla. Case No. 15-10317) on Jan. 7, 2015.  The case is assigned to
Judge Paul G. Hyman, Jr. Bradley S Shraiberg, Esq., at Shraiberg,
Ferrara & Landau, P.A., serves as the Debtor's counsel.

The Debtor owns real property located at 625 Auburn Circle W., in
Delray Beach, Florida.  The Debtor's prepetition secured creditor,
Iberia Bank, has a claim of $4.22 million.  The Debtor estimated
assets of $10 million to $50 million and liabilities of $1 million
to $10 million.


AURORA DIAGNOSTICS: Peter Connolly Quits as Director
----------------------------------------------------
Peter J. Connolly resigned from Aurora Diagnostics Holdings, LLC's
Board of Managers effective on Feb. 24, 2015, according to a
document filed with the Securities and Exchange Commission.  

Also effective Feb. 24, Daniel D. Crowley, the Company's chief
executive officer and president, was appointed to serve on the
Company's Board of Managers and will serve as its Chairman.  Mr.
Crowley was appointed to the Board of Managers in accordance with
Section 5.2 of the Company's Second Amended and Restated Limited
Liability Company Agreement.  Mr. Crowley has not been, and is
currently not expected to be, named to any committees of the Board
of Managers.    

                      About Aurora Diagnostics

Headquartered in Palm Beach Gardens, Florida, Aurora Diagnostics
Holdings, LLC, through its subsidiaries, provides physician-based
general anatomic and clinical pathology, dermatopathology,
molecular diagnostic services and other esoteric testing services
to physicians, hospitals, clinical laboratories and surgery
centers.  The company recognized approximately $260 million in
revenue for the 12 months ended June 30, 2013. The company is
majority owned by equity sponsors KRG Capital Partners and Summit
Partners.

Aurora Diagnostics reported a net loss of $73.01 million on
$248.16 million of net revenue for the year ended Dec. 31, 2013,
as compared with a net loss of $160.85 million on $277.88 million
of net revenue for the year ended Dec. 31, 2012.

The Company's balance sheet at Sept. 30, 2014, showed $359
million in total assets, $428 million in total liabilities and
a $68.9 million members' deficit.

                             *   *   *

As reported by the Troubled Company Reporter on Sept. 27, 2013,
Moody's Investors Service downgraded Aurora's Corporate Family
Rating to Caa2 from B3 and Probability of Default Rating to Caa2-
PD from B3-PD.  Moody's also lowered the debt ratings of Aurora
Diagnostics Holdings, LLC's and Aurora Diagnostics, LLC
(collectively Aurora).  Concurrently, Moody's downgraded Aurora's
Speculative Grade Liquidity Rating to SGL-4 from SGL-3. The
outlook for the ratings remains negative.

The downgrade of the ratings reflects Moody's expectation that the
company will see continued difficulty in mitigating a significant
decline in revenue and EBITDA.  This stems from a reduction in
Medicare reimbursement due to a decrease in rates and
sequestration, continued challenging volume growth trends and
threats of additional reimbursement reductions.  This will
negatively impact the company's credit metrics, constrain Aurora's
ability to repay debt and pressure the company's liquidity
position. Moody's also has concerns about the sustainability of
the company's capital structure given its significant debt load
and related interest burden.

In the Aug. 7, 2014, edition of the TCR, Standard & Poor's Ratings
Services raised its corporate credit rating on Palm Beach Gardens,
Fla.-based anatomic pathology services provider Aurora Diagnostics
Holdings LLC to 'CCC+' from 'CCC'.  The outlook is stable.


AVIS BUDGET: DBRS Assigns 'BB(low)' Issuer Rating
-------------------------------------------------
DBRS Inc. views Avis Budget Group, Inc.'s 4Q14 earnings as solid,
demonstrating the benefits of the Company's sound pricing
discipline, actions to drive volumes to higher margin channels, and
expanding international footprint.  For the quarter, on a U.S. GAAP
basis, Avis Budget generated net income of $23 million compared to
a net loss of $28 million a year ago.  Improved bottom line results
reflect good revenue growth, reduced restructuring expenses, and
lower operating costs as the Company continues to advance
efficiency initiatives in Europe.  Earnings were also supported by
the Company's prudent refinancing activities, which resulted in
lower funding costs.  On an underlying basis, the Company reported
adjusted EBITDA, excluding restructuring costs, of $129 million, a
13% YoY improvement and a record for the quarter.

In a competitive market, the Company's North American segment
reported strong performance with adjusted EBITDA and margins
expanding YoY for the fifth consecutive quarter.  Margins in North
America improved 10 basis points (bps) YoY reflecting pricing gains
and volume growth in more profitable channels, partially offset by
normalizing fleet costs.  Volumes were higher across both
commercial and leisure markets underpinned by strengthening U.S.
economic activity and improving consumer confidence.  Excluding the
Payless acquisition, North American volumes were up 6% YoY.
Importantly, volumes expanded by double digits YoY in higher margin
channels including local market, specialty and premium vehicles,
and in-bound international, while small business volumes were up a
very solid 7%.  For the fourth consecutive quarter, Avis Budget
achieved pricing gains with the Company seeing pricing improvement
in both the on- and off-airport markets and across all brands.
DBRS considers this performance as evidence of the strength of the
Company's franchise and multi-brand strategy, as well as the
continued success of its focus on expanding volumes in higher
yielding channels.

Uneven economic growth outside the U.S. and the strengthening U.S.
dollar were headwinds and impacted the International segment
results.  Revenues were 7% lower YoY at $555 million, but
essentially stable after adjusting for the impact of movements in
foreign currencies.  Volumes were modestly lower due to weaker
demand in Europe and Australia, while pricing was up slightly on a
constant currency basis.  Nevertheless, DBRS sees positive
underlying trends in the international segment including improved
fleet utilization and lower selling, general and administrative
(SG&A) costs.  Overall, despite macroeconomic challenges, the
International segment generated its fourth consecutive quarter of
YoY growth in adjusted EBITDA and a fifth consecutive quarter of
YoY improvement in margins.  Margins benefited from lower vehicle
insurance costs, increased ancillary revenue, employee productivity
improvements and higher utilization rates in Europe.

Earnings continue to benefit from the Company's ongoing efforts to
operate more efficiently.  Avis Budget was able to improve its
operating efficiency despite the increase in volumes.  For the
quarter, the Company's DBRS-calculated operating efficiency stood
at 64.9%, a 210 bps improvement from the comparable period a year
ago.

Consistent with the Company's strategy of acquiring licensees that
provide Avis Budget the opportunity to expand the presence of its
brands in strategic markets and reduce costs, Avis Budget completed
the previously announced acquisition of its Budget licensee for
Southern California and Las Vegas in 4Q14.  Further, the Company
completed the acquisition of its Avis and Budget licensee for
Norway, Sweden and Denmark in January 2015.

DBRS rates Avis Budget Group, Inc.'s Issuer Rating at BB (low) with
a Positive trend.


BERNARD L. MADOFF: Trustee Persists in Bid for Stolen Money
-----------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that Irving Picard, the trustee unwinding Bernard
Madoff's investment firm, said that he will petition the U.S.
Supreme Court for one last appeal in his bid to sue investors who
received stolen money as far back as six years before the 2008
bankruptcy.

To recall, in December, the U.S. Court of Appeals in Manhattan
upheld a district court ruling that anyone who got stolen money out
of Madoff's firm more than two years before its bankruptcy is
protected by the "safe harbor" in Section 546(e) of the Bankruptcy
Code and immune from repaying fictitious profits, the Bloomberg
report recalled.  The Bloomberg columnists noted that unless Picard
gets this last appeal and wins, it's unlikely he will be able to
recover enough money to repay the entire $17 billion invested by
the Ponzi scheme's victims.

The appeal was Picard v. Ida Fishman Revocable Trust (In re Bernard
L. Madoff Investment Securities LLC), 12-02557, U.S. Court of
Appeals for the Second Circuit (Manhattan).

                     About Bernard L. Madoff

Bernard L. Madoff Investment Securities LLC and Bernard L. Madoff
orchestrated the largest Ponzi scheme in history, with losses
topping US$50 billion.  On Dec. 15, 2008, the Honorable Louis A.
Stanton of the U.S. District Court for the Southern District of
New York granted the application of the Securities Investor
Protection Corporation for a decree adjudicating that the
customers of BLMIS are in need of the protection afforded by the
Securities Investor Protection Act of 1970.  The District Court's
Protective Order (i) appointed Irving H. Picard, Esq., as trustee
for the liquidation of BLMIS, (ii) appointed Baker & Hostetler LLP
as his counsel, and (iii) removed the SIPA Liquidation proceeding
to the Bankruptcy Court (Bankr. S.D.N.Y. Adv. Pro. No. 08-01789)
(Lifland, J.).  Mr. Picard has retained AlixPartners LLP as claims
agent.

On April 13, 2009, former BLMIS clients filed an involuntary
Chapter 7 bankruptcy petition against Bernard Madoff (Bankr.
S.D.N.Y. 09-11893).  The petitioning creditors -- Blumenthal &
Associates Florida General Partnership, Martin Rappaport
Charitable Remainder Unitrust, Martin Rappaport, Marc Cherno, and
Steven Morganstern -- assert US$64 million in claims against Mr.
Madoff based on the balances contained in the last statements they
got from BLMIS.

On April 14, 2009, Grant Thornton UK LLP as receiver placed Madoff
Securities International Limited in London under bankruptcy
protection pursuant to Chapter 15 of the U.S. Bankruptcy Code
(Bankr. S.D. Fla. 09-16751).

The Chapter 15 case was later transferred to Manhattan.  In June
2009, Judge Lifland approved the consolidation of the Madoff SIPA
proceedings and the bankruptcy case.

Judge Denny Chin of the U.S. District Court for the Southern
District of New York on June 29, 2009, sentenced Mr. Madoff to
150 years of life imprisonment for defrauding investors in United
States v. Madoff, No. 09-CR-213 (S.D.N.Y.).

From recoveries in lawsuits coupled with money advanced by SIPC,
Mr. Picard has commenced distributions to victims. The fifth pro
rata interim distribution slated for Jan. 15, 2015, will total
$322 million and will bring the amount distributed to eligible
claimants to approximately $7.2 billion, which includes more than
$822.5 million in advances committed to the SIPA Trustee for
distribution to allowed claimants by the SIPC.

As of Nov. 30, 2014, the SIPA Trustee has recovered or reached
agreements to recover approximately $10.5 billion since his
appointment in December 2008.


BERNARD L. MADOFF: Trustee's Win Gets Victims $1.45-Bil.
--------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that victims of Bernard Madoff's Ponzi scheme will
soon be receiving an additional $1.45 billion distribution, the
fruits of an appeals court victory by Irving Picard, the trustee
unwinding the convicted swindler's investment firm.

According to the report, in an opinion on Feb. 20 for the
three-judge appellate panel, U.S. Circuit Judge Chester J. Straub
said an "inflation adjustment" isn't permitted by the Securities
Investor Protection Act, which governs the liquidation of
investment firms.  He said the provision in the statute that
defines a customer claim "makes no mention of inflation," the
report said.

The appeal is 2427 Parent Corp v. Picard, 14-97, U.S. Court of
Appeals for the Second Circuit (Manhattan).

                     About Bernard L. Madoff

Bernard L. Madoff Investment Securities LLC and Bernard L. Madoff
orchestrated the largest Ponzi scheme in history, with losses
topping US$50 billion.  On Dec. 15, 2008, the Honorable Louis A.
Stanton of the U.S. District Court for the Southern District of
New York granted the application of the Securities Investor
Protection Corporation for a decree adjudicating that the
customers of BLMIS are in need of the protection afforded by the
Securities Investor Protection Act of 1970.  The District Court's
Protective Order (i) appointed Irving H. Picard, Esq., as trustee
for the liquidation of BLMIS, (ii) appointed Baker & Hostetler LLP
as his counsel, and (iii) removed the SIPA Liquidation proceeding
to the Bankruptcy Court (Bankr. S.D.N.Y. Adv. Pro. No. 08-01789)
(Lifland, J.).  Mr. Picard has retained AlixPartners LLP as claims
agent.

On April 13, 2009, former BLMIS clients filed an involuntary
Chapter 7 bankruptcy petition against Bernard Madoff (Bankr.
S.D.N.Y. 09-11893).  The petitioning creditors -- Blumenthal &
Associates Florida General Partnership, Martin Rappaport
Charitable Remainder Unitrust, Martin Rappaport, Marc Cherno, and
Steven Morganstern -- assert US$64 million in claims against Mr.
Madoff based on the balances contained in the last statements they
got from BLMIS.

On April 14, 2009, Grant Thornton UK LLP as receiver placed Madoff
Securities International Limited in London under bankruptcy
protection pursuant to Chapter 15 of the U.S. Bankruptcy Code
(Bankr. S.D. Fla. 09-16751).

The Chapter 15 case was later transferred to Manhattan.  In June
2009, Judge Lifland approved the consolidation of the Madoff SIPA
proceedings and the bankruptcy case.

Judge Denny Chin of the U.S. District Court for the Southern
District of New York on June 29, 2009, sentenced Mr. Madoff to
150 years of life imprisonment for defrauding investors in United
States v. Madoff, No. 09-CR-213 (S.D.N.Y.).

From recoveries in lawsuits coupled with money advanced by SIPC,
Mr. Picard has commenced distributions to victims. The fifth pro
rata interim distribution slated for Jan. 15, 2015, will total
$322 million and will bring the amount distributed to eligible
claimants to approximately $7.2 billion, which includes more than
$822.5 million in advances committed to the SIPA Trustee for
distribution to allowed claimants by the SIPC.

As of Nov. 30, 2014, the SIPA Trustee has recovered or reached
agreements to recover approximately $10.5 billion since his
appointment in December 2008.


BIOLIFE SOLUTIONS: Signs New Employment Contracts with Executives
-----------------------------------------------------------------
Biolife Solutions, Inc., entered into new employment agreements
with:

    (i) Michael Rice, the Company's president and chief executive
        officer;

   (ii) Dr. Aby J. Mathew, Ph.D., the Company's senior vice
        president and chief technology officer;

  (iii) Daphne Taylor, the Company's chief financial officer;

   (iv) Joseph Annicchiarico, the Company's chief operating
        officer;

    (v) Todd Berard, who was promoted from senior director of
        marketing to vice president, marketing effective Feb. 19,
        2015; and

   (vi) Matt Snyder, who was promoted from senior director, sales
        operations to vice president, global sales effective
        Feb. 19, 2015.  

None of the Employment Agreements is for a definite time period,
but rather, each will continue until terminated in accordance with
its terms.  The Company's board of directors approved the
Employment Agreements.

The Employment Agreement with Michael Rice provides for a base
salary of $400,000 per year and the potential for an annual
incentive bonus in the sole discretion of the Board.  On Feb. 19,
2015, the Board established Mr. Rice's bonus eligibility for 2015
at $125,000.  If Mr. Rice's employment is terminated without
"Cause" or he resigns for "Good Reason," he will be entitled to a
lump sum payment equal to 12 months' salary and a prorated portion
of the current year's target bonus amount; provided that if Mr.
Rice's employment is terminated without "Cause" upon or within 90
days following a "Change in Control," Mr. Rice is entitled to a
lump sum payment equal to 24 months' salary, a prorated portion of
the current year's target bonus amount and an amount equal to the
cost of 24 months' medical insurance premiums at a monthly amount
equal to the amount of COBRA coverage in effect as of the
termination date, plus a tax gross-up amount with respect to such
premiums.

The Employment Agreement with Dr. Mathew provides for a base salary
of $345,000 per year.  If Dr. Mathew's employment is terminated
without "Cause", including upon or within 90 days of a "Change in
Control," or if he resigns for "Good Reason," he will be entitled
to a lump sum payment equal to 12 months' salary.

The Employment Agreement with Daphne Taylor provides for a salary
of $285,000 per year.  If Ms. Taylor's employment is terminated
without "Cause" or if she resigns for "Good Reason," she will be
entitled to a lump sum payment equal to six months' salary;
provided that if Ms. Taylor's employment is terminated without
"Cause" upon or within 90 days following a "Change in Control," Ms.
Taylor is entitled to a lump sum payment equal to 12 months' salary
and an amount equal to the cost of 12 months' medical insurance
premiums at a monthly amount equal to the amount of COBRA coverage
in effect as of the termination date, plus a tax gross-up amount
with respect to those premiums.

The Employment Agreement with Joseph Annicchiarico provides for a
base salary of $285,000 per year.  If Mr. Annicchiarico's
employment is terminated without "Cause" or if he resigns for "Good
Reason," he will be entitled to a lump sum payment equal to three
months' salary; provided that if Mr. Annicchiarico's employment is
terminated without "Cause" upon or within 90 days following a
"Change in Control," Mr. Annicchiarico is entitled to a lump sum
payment equal to 12 months' salary.

The Employment Agreement with Todd Berard provides for a base
salary of $215,000 per year.  If Mr. Berard's employment is
terminated without "Cause", including upon or within 90 days of a
"Change in Control," or if he resigns for "Good Reason," he will be
entitled to a lump sum payment equal to three months salary.

The Employment Agreement with Matt Snyder provides for a base
salary of $170,000 per year plus a quarterly commission of 0.75% of
the Company's gross revenue from its core business, including
biologistex, but excluding contract manufacturing.  If Mr. Snyder's
employment is terminated without "Cause", including upon or within
90 days of a "Change in Control," or if he resigns for "Good
Reason," he will be entitled to a lump sum payment equal to three
months salary.

Each of the Employment Agreements contains a covenant of the
Executive Officer not to compete with the Company or solicit the
Company's employees, customers or suppliers for a period of one
year after the date of termination.

In addition, the Board approved 2014 incentive bonuses for the
Executive Officers.  The 2014 incentive bonuses were granted as
follows:
  
                                                   2014 Incentive
Executive Officer                                     Bonus
-----------------                                 --------------
Michael Rice, CEO                                    $150,000
Daphne Taylor, CFO                                    $33,534
Aby Mathew, CTO                                       $78,000
Joseph Annicchiarico, COO                             $33,000
Matt Snyder, V.P. Sales                               $20,700
Todd Berard, V.P. Marketing                           $12,375

                       About BioLife Solutions

Bothell, Washington-based BioLife Solutions, Inc., develops and
markets patented hypothermic storage and cryo-preservation
solutions for cells, tissues, and organs, and provides contracted
research and development and consulting services related to
optimization of biopreservation processes and protocols.

BioLife Solutions incurred a net loss of $1.08 million in 2013,
a net loss of $1.65 million in 2012, and a net loss of $1.95
million in 2011.

As of Sept. 30, 2014, the Company had $14.3 million in total
assets, $1.58 million in total liabilities, and $12.7 million in
total shareholders' equity.


C. WONDER: A&G Realty Approved as Real Estate Consultants
---------------------------------------------------------
C. Wonder LLC, et al., obtained approval from the U.S. Bankruptcy
Court for the District of New Jersey to employ A&G Realty Partners
as their real estate consultants, nunc pro tunc to Jan. 22, 2015.

As reported in the Feb. 13, 2015 edition of the Troubled Company
Reporter, A&G Realty Partners, a commercial real estate, advisory
and investment group, was retained by C. Wonder to manage the sale
of the three retail store leases and several office locations in
New York City and Long Island, following the company's recent
Chapter 11 bankruptcy filing.

A&G Realty is currently accepting bids to acquire the leases which
range from 3,299 square feet to 17,507 square feet in prestigious
retail locations in the SoHo District and Flatiron District of
New York City, the Americana Shops on the Miracle Mile in Manhasset
and office space in the famed Flatiron District in New York City.

According to the court order, the parties' Services Agreement and
all compensation set forth are approved pursuant to Sections 327(a)
and 328(a) of the Bankruptcy Code.

On Feb. 20, 2015, Judge Michael B. Kaplan entered a revised order
to provide that the provision regarding the fees payable for Lease
Claim Mitigations in Schedule B of the A&G Realty Services
Agreement is deleted in its entirety and replaced with the
following:

   "If A&G negotiates an assumption and assignment of a Lease but
no
   consideration is payable to the Debtors' estates or A&G
   negotiates a waiver of a lease rejection claim, A&G shall earn
   and be paid a fee of 5 percent of the estimated anticipated
   distribution on the lease rejection claim.  The estimated
   anticipated distribution on the lease rejection claim shall be
   determined jointly by the Debtors   and Official Committee of
   Unsecured Creditors by no later than the filing of a Chapter 11
   plan.

A copy of the Revised Order is available for free at:

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

                        About C. Wonder

Founded by J. Christopher Burch in 2010, C. Wonder is a specialty
retailer with retail stores in the United States.  With
headquarters in New York, the company sells women's clothing,
jewelry, shoes, handbags and other accessories as well as select
home goods under the C. Wonder brand.  The Company maintains two
distribution centers in New Jersey.

The Company opened its first retail store in New York in 2011.  By
2014, the Company had expanded its operations to include 29
locations across 13 states including its flagship location in
Soho,
New York.  Amid mounting losses, C. Wonder closed 16 of its retail
stores by the end of 2014.   C. Wonder closed 9 additional stores
in January 2015.  As of the bankruptcy filing, C. Wonder had four
retail stores in the U.S. (Soho, Flat Iron, Time Warner Center and
Manhasset).

C. Wonder LLC and its affiliates sought Chapter 11 bankruptcy
protection (Bankr. D.N.J. Lead Case No. 15-11127) in Trenton, New
Jersey on Jan. 22, 2015.  The cases are assigned to Judge Michael
B. Kaplan.

The Debtors have tapped Cole, Schotz, Meisel, Forman & Leonard,
P.A., as counsel, and Marotta, Gund, Budd & Dzera, LLC, as crisis
management services provider.

As of the Filing Date, the Debtors had assets with a book value of
$43.7 million and liabilities of $61.0 million.



C. WONDER: Court Approves Hiring of Cole Schotz as Counsel
----------------------------------------------------------
C. Wonder LLC, et al., sought and obtained permission from the Hon.
Michael B. Kaplan of the U.S. Bankruptcy Court for the District of
New Jersey to employ Cole Schotz P.C. as general bankruptcy
counsel, nunc pro tunc to Jan. 22, 2015.

The Debtors require Cole Schotz to:

   (a) advise the Debtors of their rights, powers and duties as
       debtors-in possession in continuing to operate and manage
       their assets and business;

   (b) prepare such administrative and procedural applications and

       motions as may be required for the sound conduct of the
       cases, including, but not limited to, the Debtors'
       schedules and statement of financial affairs;

   (c) review and object to claims;

   (d) review the nature and validity of agreements relating to
       Debtors' business operations and advise the Debtors in
       connection therewith;

   (e) review the nature and validity of liens asserted against
       the Debtors and advise as to the enforceability thereof;

   (f) advise the Debtors concerning the actions they might take
       to collect and recover property for the benefit of their
       estates;

   (g) prepare on the Debtors' behalf all necessary and
       appropriate applications, motions, pleadings, orders,
       notices, petitions, schedules, and other documents, to be
       filed in the Debtors' Chapter 11 cases;

   (h) advise the Debtors concerning, and prepare responses to,
       applications, motions, pleadings, notices and other
       pleadings or documents which may be filed in their Chapter
       11 cases;

   (i) counsel the Debtors in their efforts to sell all or
       substantially all their assets pursuant to 11 U.S.C.
       section 363 and in connection with the formulation,
       negotiation and promulgation of a Chapter 11 plan; and

   (j) perform all other legal services for and on behalf of the
       Debtors which may be necessary or appropriate in the
       administration of their Chapter 11 cases and fulfillment of

       their duties as debtors-in-possession.

Cole Schotz will be paid at these hourly rates:

       Members                          $385-$825
       Special Counsel                  $395-$490
       Associates                       $160-$425
       Paralegals                       $150-$250
       Litigation Support Specialist    $100-$250

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

On Dec. 18, 2014, Cole Schotz received an initial retainer of
$50,000 from the Debtors (the "Initial Retainer").  On Jan. 5,
2015, Cole Schotz issued the Debtors an invoice in the amount of
$62,232 and applied $50,000 of the Initial Retainer against that
pre-petition invoice for contemporaneous services rendered and
other charges incurred through Dec. 31, 2014.  

On Jan. 7, 2015, Cole Schotz received $62,232 from the Debtors,
$12,232 of which was applied to the Debtors' outstanding invoice
and $50,000 of which replenished the Initial Retainer.  On Jan.
15,2015, the Debtors received an additional $270,000 retainer from
the Debtors (the "Second Retainer" which together with the Initial
Retainer are collectively referred to as the "Pre-Petition
Retainer").  On Jan. 21, 2015, Cole Schotz applied $104,311 of the
Pre-Petition Retainer against pre-petition invoices for
contemporaneous services and other charges incurred before the
Filing Date.  As a result of that payment, Cole Schotz does not
hold any claim against the Debtors or their estates for
pre-petition services rendered.  Thus, as of the Filing Date, Cole
Schotz had a $215,688 retainer (the "Bankruptcy Retainer") for
legal services to be rendered and costs to be incurred for and on
behalf of the Debtors on and after the Filing Date.

Michael D. Sirota, shareholder of Cole Schotz, assured the Court
that the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Cole Schotz can be reached at:

       Michael D. Sirota, Esq.
       COLE SCHOTZ P.C.
       Court Plaza North
       25 Main Street
       P.O. Box 800
       Hackensack, NJ 07602-0800
       Tel: (201) 489-3000
       Fax: (201) 489-1536

                          About C. Wonder

Founded by J. Christopher Burch in 2010, C. Wonder is a specialty
retailer with retail stores in the United States.  With
headquarters in New York, the company sells women's clothing,
jewelry, shoes, handbags and other accessories as well as select
home goods under the C. Wonder brand.  The Company  maintains two
distribution centers in New Jersey.

The Company opened its first retail store in New York in 2011.  By
2014, the Company had expanded its operations to include 29
locations across 13 states including its flagship location in Soho,
New York.  Amid mounting losses, C. Wonder closed 16 of its retail
stores by the end of 2014.   C. Wonder closed 9 additional stores
in January 2015.  As of the bankruptcy filing, C. Wonder had four
retail stores in the U.S. (Soho, Flat Iron, Time Warner Center and
Manhasset).

C. Wonder LLC and its affiliates sought Chapter 11 bankruptcy
protection (Bankr. D.N.J. Lead Case No. 15-11127) in Trenton, New
Jersey on Jan. 22, 2015.  The cases are assigned to Judge Michael
B. Kaplan.

The Debtors have tapped Cole, Schotz, Meisel, Forman & Leonard,
P.A., as counsel, and Marotta, Gund, Budd & Dzera, LLC, as crisis
management services provider.

As of the Filing Date, the Debtors had assets with a book value of
$43.7 million and liabilities of $61.0 million.


C. WONDER: Creditors' Panel Hires CBIZ as Financial Advisors
------------------------------------------------------------
The Official Committee of Unsecured Creditors of C. Wonder LLC, et
al., seeks authorization from the Hon. Michael B. Kaplan of the
U.S. Bankruptcy Court for the District of New Jersey to retain CBIZ
Accounting, Tax & Advisory of New York, LLC as financial advisors
to the Committee, effective Jan. 30, 2015.

CBIZ will provide consulting and advisory services to the Committee
and its legal advisors as CBIZ and the Committee deem appropriate
and feasible in order to advise the Committee in the course of
these Chapter 11 cases, including but not limited to the
following:

   (a) assist the Committee in its evaluation of the Debtors'
       post-petition cash flow and other projections and budgets
       prepared by the Debtors or their financial advisor;

   (b) monitor the Debtors' activities regarding cash expenditures

       and general business operations subsequent to the filing of

       the petition under Chapter 11;

   (c) assess the Debtors' operational process and make
       recommendations that will enhance efficiencies in the
       Debtors' cash collection process;

   (d) determine whether there is an appropriate budgetary
       reporting system in place;

   (e) assist the Committee in its review of monthly operating
       reports submitted by the Debtors or their financial
       advisor;

   (f) manage or assist with any investigation into the pre-
       petition acts, conduct, transfers property, liabilities and

       financial condition of the Debtors, their management, or
       creditors, including the operation of the Debtors'
       businesses;

   (g) provide financial analysis related to any proposed DIP
       financing, including advising the Committee concerning such

       matters;

   (h) analyze transactions with vendors, insiders, related and
       affiliated entities, subsequent and prior to the date of
       the filing of the petition under Chapter 11;

   (i) assist the Committee and its counsel in any litigation
       proceedings against insiders and other potential
       adversaries;

   (j) review the Debtors' financial advisor's list of prospective
       purchasers, and suggest additional prospective purchasers;

   (k) assist the Committee in its review of the financial aspects

       of any proposed sale agreement and evaluating any plan of
       reorganization/liquidation.  If applicable, assist the
       Committee in negotiating, evaluating and quantifying any
       competing offers;

   (l) attend meetings with representatives of the Committee and
       its counsel.  Prepare presentations to the Committee that
       provides analyses and updates on diligence performed; and

   (m) perform any other services that may be necessary in our
       role as financial advisor to the Committee or that may be
       requested by Committee counsel or the Committee.

CBIZ will be paid at these hourly rates:

       Directors and Managing Directors     $420-$725
       Managers and Senior Managers         $305-$420
       Senior Associates and Staff          $150-$335

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

Brian Ryniker, managing director of CBIZ, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

CBIZ can be reached at:

       Brian Ryniker
       CBIZ ACCOUNTING, TAX &
       ADVISORY OF NEW YORK, LLC
       1065 Avenue of the Americas
       New York, NY 10018
       Tel: (212) 790-5899
       E-mail: bryniker@cbiz.com

                          About C. Wonder

Founded by J. Christopher Burch in 2010, C. Wonder is a specialty
retailer with retail stores in the United States.  With
headquarters in New York, the company sells women's clothing,
jewelry, shoes, handbags and other accessories as well as select
home goods under the C. Wonder brand.  The Company maintains two
distribution centers in New Jersey.

The Company opened its first retail store in New York in 2011.  By
2014, the Company had expanded its operations to include 29
locations across 13 states including its flagship location in Soho,
New York.  Amid mounting losses, C. Wonder closed 16 of its retail
stores by the end of 2014.   C. Wonder closed 9 additional stores
in January 2015.  As of the bankruptcy filing, C. Wonder had four
retail stores in the U.S. (Soho, Flat Iron, Time Warner Center and
Manhasset).

C. Wonder LLC and its affiliates sought Chapter 11 bankruptcy
protection (Bankr. D.N.J. Lead Case No. 15-11127) in Trenton, New
Jersey on Jan. 22, 2015.  The cases are assigned to Judge Michael
B. Kaplan.

The Debtors have tapped Cole, Schotz, Meisel, Forman & Leonard,
P.A., as counsel, and Marotta, Gund, Budd & Dzera, LLC, as crisis
management services provider.

As of the Filing Date, the Debtors had assets with a book value of
$43.7 million and liabilities of $61.0 million.


C. WONDER: Creditors' Panel Hires Porzio Bromberg as Counsel
------------------------------------------------------------
The Official Committee of Unsecured Creditors of C. Wonder LLC, et
al., seeks authorization from the Hon. Michael B. Kaplan of the
U.S. Bankruptcy Court for the District of New Jersey to retain
Porzio, Bromberg & Newman, P.C. as counsel to the Committee, nunc
pro tunc to Jan. 30, 2015.

The Committee requires Porzio Bromberg to:

   (a) provide the Committee with legal advice with respect to its

       rights, duties and powers in this case;

   (b) consult with the Debtors, their counsel, other
       professionals retained in this case and the United States
       Trustee concerning the administration of these cases;

   (c) assist and advise in the Committee's investigation of the
       acts, conduct, assets, liabilities and financial condition
       of the Debtors, the operation of the Debtors' businesses,
       and other matters relevant to these cases or to the
       formulation of a plan;

   (d) assist and advise the Committee in its analysis of, and
       negotiations with, the Debtors and any third parties, in
       the formulation of any plan;

   (e) assist and advise the Committee with respect to its
       communications with the general creditor body regarding
       significant matters in the Debtors' cases;

   (f) prepare pleadings, motions, applications, objections and
       other papers as may be necessary in furtherance of the
       Committee's interests and objectives;

   (g) analyze and advise the Committee of the meaning and import
       of pleadings and other documents filed with the Court;

   (h) represent the Committee at hearings and other proceedings;
       and

   (i) perform other legal services as may be required and are
       deemed to be in the interest of the Committee and of
       unsecured creditors in accordance with those powers and
       duties set forth in the Bankruptcy Code.

Porzio Bromberg will be paid at these hourly rates:

       John S. Mairo, principal            $615
       Jeffrey K. Cymbler, of counsel      $570
       Kelly D. Curtin, associate          $400
       Rachel A. Parisi, associate         $355
       Mathew D. Laskowski, Sr. paralegal  $215
       Maria Dermatis, Sr. paralegal       $215

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

John S. Mairo, principal of Porzio Bromberg, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Porzio Bromberg can be reached at:

       John S. Mairo, Esq.
       PORZIO, BROMBERG & NEWMAN, P.C.
       100 Southgate Parkway
       Morristown, NJ 07962-1997
       Tel: (973) 538-4006
       Fax: (973) 538-5146

                          About C. Wonder

Founded by J. Christopher Burch in 2010, C. Wonder is a specialty
retailer with retail stores in the United States.  With
headquarters in New York, the company sells women's clothing,
jewelry, shoes, handbags and other accessories as well as select
home goods under the C. Wonder brand.  The Company maintains two
distribution centers in New Jersey.

The Company opened its first retail store in New York in 2011.  By
2014, the Company had expanded its operations to include 29
locations across 13 states including its flagship location in Soho,
New York.  Amid mounting losses, C. Wonder closed 16 of its retail
stores by the end of 2014.   C. Wonder closed 9 additional stores
in January 2015.  As of the bankruptcy filing, C. Wonder had four
retail stores in the U.S. (Soho, Flat Iron, Time Warner Center and
Manhasset).

C. Wonder LLC and its affiliates sought Chapter 11 bankruptcy
protection (Bankr. D.N.J. Lead Case No. 15-11127) in Trenton, New
Jersey on Jan. 22, 2015.  The cases are assigned to Judge Michael
B. Kaplan.

The Debtors have tapped Cole, Schotz, Meisel, Forman & Leonard,
P.A., as counsel, and Marotta, Gund, Budd & Dzera, LLC, as crisis
management services provider.

As of the Filing Date, the Debtors had assets with a book value of
$43.7 million and liabilities of $61.0 million.


C. WONDER: Files Schedules of Assets and Liabilities
----------------------------------------------------
C. Wonder LLC filed with the Bankruptcy Court its schedules of
assets and liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property           $43,497,585
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                        $0
  E. Creditors Holding
     Unsecured Priority
     Claims                                          $760,891
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                       $52,368,132
                                 -----------      -----------
        TOTAL                    $43,497,585      $53,129,022

A copy of the schedules is available for free at:

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

The Debtors had obtained an order extending through and including
Feb. 19, 2015, their deadline to file schedules of assets and
liabilities and statements of financial affairs.

                           About C. Wonder

Founded by J. Christopher Burch in 2010, C. Wonder is a specialty
retailer with retail stores in the United States.  With
headquarters in New York, the company sells women's clothing,
jewelry, shoes, handbags and other accessories as well as select
home goods under the C. Wonder brand.  The Company maintains two
distribution centers in New Jersey.

The Company opened its first retail store in New York in 2011.  By
2014, the Company had expanded its operations to include 29
locations across 13 states including its flagship location in
Soho,
New York.  Amid mounting losses, C. Wonder closed 16 of its retail
stores by the end of 2014.   C. Wonder closed 9 additional stores
in January 2015.  As of the bankruptcy filing, C. Wonder had four
retail stores in the U.S. (Soho, Flat Iron, Time Warner Center and
Manhasset).

C. Wonder LLC and its affiliates sought Chapter 11 bankruptcy
protection (Bankr. D.N.J. Lead Case No. 15-11127) in Trenton, New
Jersey on Jan. 22, 2015.  The cases are assigned to Judge Michael
B. Kaplan.

The Debtors have tapped Cole, Schotz, Meisel, Forman & Leonard,
P.A., as counsel, and Marotta, Gund, Budd & Dzera, LLC, as crisis
management services provider.

As of the Filing Date, the Debtors had assets with a book value of
$43.7 million and liabilities of $61.0 million.



C. WONDER: Taps Sughrue Mion as Intellectual Property Counsel
-------------------------------------------------------------
C. Wonder LLC, et al., ask for authorization from the Hon. Michael
B. Kaplan of the U.S. Bankruptcy Court for the District of New
Jersey to employ Sughrue Mion, PLLC as the Debtors' special
intellectual property counsel, effective Feb. 3, 2015.

The Debtors have more than 1,000 registered trademarks worldwide.
In the ordinary course, the Debtors are required to address a
variety of legal issues to protect their interests in those
trademarks including, among other things, filing opposition to
applications for similar trademarks in foreign jurisdictions.  

As of the Filing Date, the Debtors were aware of at least two
trademark related issues in China and Brazil that require the
attention of legal counsel to protect the C. Wonder brand in those
countries.  Given the current state of the Debtors' business,
however, any legal action regarding those foreign trademarks would
inure solely to the benefit of Burch Acquisitions LLC (the
"Proposed Purchaser") or another successful purchaser after an
auction of the Debtors' intellectual property.

As a result, the Debtors have agreed to retain Sughrue Mion as
special intellectual counsel to protect their intellectual property
interests provided the Proposed Purchaser pays any legal fees and
expenses incurred by Sughrue Mion.  The Proposed Purchaser has
agreed to accept responsibility for the payment of Sughrue Mion's
invoices regardless of whether it is the successful purchaser.
Additionally, the Proposed Purchaser has agreed to immediately fund
$15,000 to be held in escrow to fund the fees and expenses of
Sughrue Mion. The Proposed Purchaser, however, has reserved the
right to claim any amounts funded to Sughrue Mion as part of its
stalking horse bid.

In addition, during the pendency of the Chapter 11 Cases, Sughrue
Mion will not be billing the Debtors for or seeking payment from
the Debtors or their estates for services rendered and costs
incurred.  Sughrue Mion is not required to file requests for
compensation with the Court.

Jody Haller Drake, partner of Sughrue Mion, assured the Court that
the firm is a "disinterested person" as the term is defined in
Section 101(14) of the Bankruptcy Code and does not represent any
interest adverse to the Debtors and their estates.

Sughrue Mion can be reached at:

       Jody H. Drake, Esq.
       SUGHRUE MION, PLLC
       2100 Pennsylvania Avenue, NW
       Washington, DC 20037-3213
       Tel: (202) 775-7568
       E-mail: jdrake@sughrue.com

                          About C. Wonder

Founded by J. Christopher Burch in 2010, C. Wonder is a specialty
retailer with retail stores in the United States.  With
headquarters in New York, the company sells women's clothing,
jewelry, shoes, handbags and other accessories as well as select
home goods under the C. Wonder brand.  The Company maintains two
distribution centers in New Jersey.

The Company opened its first retail store in New York in 2011.  By
2014, the Company had expanded its operations to include 29
locations across 13 states including its flagship location in Soho,
New York.  Amid mounting losses, C. Wonder closed 16 of its retail
stores by the end of 2014.   C. Wonder closed 9 additional stores
in January 2015.  As of the bankruptcy filing, C. Wonder had four
retail stores in the U.S. (Soho, Flat Iron, Time Warner Center and
Manhasset).

C. Wonder LLC and its affiliates sought Chapter 11 bankruptcy
protection (Bankr. D.N.J. Lead Case No. 15-11127) in Trenton, New
Jersey on Jan. 22, 2015.  The cases are assigned to Judge Michael
B. Kaplan.

The Debtors have tapped Cole, Schotz, Meisel, Forman & Leonard,
P.A., as counsel, and Marotta, Gund, Budd & Dzera, LLC, as crisis
management services provider.

As of the Filing Date, the Debtors had assets with a book value of
$43.7 million and liabilities of $61.0 million.


CAESARS ENTERTAINMENT: Rejects BOKF's Demand for $750MM Payment
---------------------------------------------------------------
Howard Stutz at Las Vegas Review-Journal reports that Caesars
Entertainment Corp. rejected a demand from an unsecured second
level bondholder for payment of the obligations.

BOKF N.A. asked for payment on $750 million in debt plus interest,
the Company said in a filing with the U.S. Securities and Exchange
Commission.  According to Review-Journal, the Company said it
turned down the payment demand.

Review-Journal recalls that the Company dismissed a request from
the Wilmington Savings Fund Society for immediate payment of $3.68
billion in principal and $185 million in interest, calling the
request "meritless".  Citing the Company, the report states that
there isn't any guarantee by the parent company on second level
notes.

According to Review-Journal, the Company has a deal with first-lien
bondholders and banks to eliminate more than $10 billion of CEOC's
$18.4 billion debt load.  The Company, the report adds, is seeking
authorization from the Bankruptcy Court to convert CEOC into a
publicly traded real estate investment trust.

Kelly Roncace at South Jersey Times relates that Tower Investments,
which bought The Pier Shops at Caesars in November 2014 cancelled
until further notice a Feb. 24, 2015 press conference where they
originally planned to disclose plans for The Pier Shops.

                    About Caesars Entertainment

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

Caesars Entertainment reported a net loss of $2.93 billion in
2013, as compared with a net loss of $1.50 billion in 2012.  The
Company's balance sheet at Sept. 30, 2014, showed $24.5 billion in
total assets, $28.2 billion in total liabilities and a $3.71
billion total deficit.

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

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

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

As reported in the Troubled Company Reporter on Feb. 4, 2015, the
bankruptcy proceedings will proceed in the U.S. Bankruptcy Court
for the Northern District of Illinois, according to a ruling by
Delaware Bankruptcy Judge Kevin Gross.

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

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


COLLABRX INC: Continues to Incur Recurring Losses from Operations
-----------------------------------------------------------------
CollabRx Inc. filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q, disclosing a net loss
of $1.12 million on $94,000 of revenue for the three months ended
Dec. 31, 2014, compared to a net loss of $1 million on $56,000 of
revenue for the same period in the prior year.

The Company's balance sheet at Dec. 31, 2014, showed $2.65 million
in total assets, $1.38 million in total liabilities and total
stockholders' equity of $1.27 million.

The Company continues to incur recurring losses from operations and
thus sought out additional sources of funding.  Even though the
Company has entered into the aforementioned agreement with Medytox,
it must still prove its ability to generate sufficient levels of
cash from its operations.  The Company expects to continue to
finance future cash needs through the Loan Agreement with Medytox
and the proposed  business combination if completed may provide
financing that will sustain the Company's operations until the
Company can achieve profitability and positive cash flows.
However, the perception that the Company may not be able to
continue as a going concern may cause others to choose not to
pursue a business relationship with us due to concerns about our
ability to meet our contractual obligations and may adversely
affect our ability to raise additional capital.  These conditions
may raise substantial doubt about the Company's ability to continue
as a going concern.  

A copy of the Form 10-Q is available at:
                              
                       http://is.gd/NAsNxj
                          
CollabRx, Inc., provides cloud-based expert systems to inform
healthcare decision-making.  The company's cloud-based expert
systems provide clinical knowledge to institutions, physicians,
researchers, and patients for genomics-based medicine in cancer.
It offers CollabRx Therapy Finder, a series of cancer-specific
Web-based system applications that are accessed by physicians and
patients.  The company was formerly known as Tegal Corporation and
changed its name to CollabRx, Inc. in September 2012.  CollabRx,
Inc. was founded in 1972 and is headquartered in San Francisco,
California.


COLUMBUS MCKINNON: Moody's Withdraws Ratings After Notes Redemption
-------------------------------------------------------------------
Moody's Investors Service has withdrawn all of its ratings on
Columbus McKinnon Corporation after the company redeemed all of its
outstanding $150 million 7.875% senior subordinated notes due
2019.

Ratings Withdrawn:

  -- Corporate Family Rating, Ba3

  -- Probability of Default Rating, Ba3-PD

  -- $150 million senior subordinated notes due February 2019, B1
     (LGD4)

  -- Stable Outlook

Moody's has withdrawn the ratings due to the obligation being
redeemed.  

Columbus McKinnon, located in Amherst, NY, is a leading worldwide
designer, manufacturer and marketer of material handling products,
systems and services, which efficiently and ergonomically move,
lift, position or secure material.  Key products include hoists,
cranes, chain and forged attachments.


COLUMBUS MCKINNON: S&P Affirms 'BB-' CCR then Withdraws Rating
--------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its ratings on Columbus
McKinnon Corp., including the 'BB-' corporate credit rating.  S&P
subsequently withdrew the ratings at the issuer's request.

The affirmation and subsequent withdrawal follow the redemption of
Columbus McKinnon's $150 million 7.875% senior subordinated notes
due in 2019.  The company called and redeemed these notes on
Feb. 23, 2015, with proceeds from a new credit facility that S&P
did not rate.



COMDISCO HOLDING: Declares $9.45MM Dividend to Common Stockholders
------------------------------------------------------------------
Comdisco Holding Company, Inc.'s Board of Directors has declared a
cash dividend of $2.3455 per common share, totaling approximately
$9,450,000, to be paid on March 12, 2015, to common stockholders of
record as of March 2, 2015.  Comdisco has approximately 4.0 million
shares of common stock outstanding.  Computershare will serve as
paying agent for the dividend to common stockholders.  Comdisco
intends to treat this distribution for income tax purposes as part
of a series of liquidating distributions in complete liquidation of
the company.

Comdisco's Board of Directors has also approved a cash distribution
of $0.03739 per contingent distribution right, totaling
approximately $5,550,000, to be paid on March 12, 2015, to
contingent distribution rights holders of record as of March 2,
2015.  This distribution relates to distribution of excess cash
from the estate of Comdisco.  The company has approximately 148.4
million contingent distribution rights outstanding.  Computershare
will serve as paying agent for the distribution to contingent
distribution rights holders.

The plan entitles holders of Comdisco's contingent distribution
rights to share at increasing percentages in proceeds realized from
Comdisco's assets after the minimum percentage recovery threshold
was achieved in May 2003.  The sharing percentage is at 37%, which
is the maximum sharing percentage.  The amount does not reflect any
potential net recoveries and distributions by the litigation
trustee to the general unsecured creditors.  The additional net
recoveries and distributions, if any, are currently not
determinable.

As a result of bankruptcy restructuring transactions, the adoption
of fresh-start reporting, multiple asset sales, and the adoption of
liquidation basis of accounting, Comdisco's financial results are
not comparable to those of its predecessor company, Comdisco, Inc.


                        About Comdisco

Comdisco emerged from Chapter 11 bankruptcy proceedings on Aug. 12,
2002.  The purpose of reorganized Comdisco is to sell, collect or
otherwise reduce to money in an orderly manner the remaining assets
of the corporation.  Pursuant to the Plan and restrictions
contained in its certificate of incorporation, Comdisco is
specifically prohibited from engaging in any business activities
inconsistent with its limited business purpose.  Accordingly,
within the next few years, it is anticipated that Comdisco will
have reduced all of its assets to cash and made distributions of
all available cash to holders of its common stock and contingent
distribution rights in the manner and priorities set forth in the
Plan.  At that point, the company will cease operations.  The
company filed on Aug. 12, 2004 a Certificate of Dissolution with
the Secretary of State of the State of Delaware to formally
extinguish Comdisco Holding Company, Inc.'s corporate existence
with the State of Delaware except for the purpose of completing the
wind-down contemplated by the Plan.  Under the Plan, Comdisco was
charged with, and has been, liquidating its assets. While there
have been no changes either to the Plan, or Comdisco's obligations
under it, Comdisco adopted ASU 2013-07, Liquidation Basis of
Accounting as of October 1, 2014 and accordingly, determined that
liquidation was imminent.  Therefore, effective Oct. 1, 2014,
Comdisco applied the liquidation basis of accounting on a
prospective basis, and, as such, the results of operations under
liquidation basis of accounting are not comparable to the
historical results under a going concern basis.


COMMUNITY HOME: March 17 Preliminary Hearing on Liquidation Plan
----------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of Mississippi
is set to hold a preliminary hearing on March 17 to consider the
outlines of Community Home Financial Services Inc.'s proposed
liquidation plan.

Community Home's bankruptcy trustee on Feb. 9 filed a disclosure
statement outlining its liquidation plan, which proposes for the
transfer to the Edwards Family Partnership and the Beher Holdings
Trust any loan owned or serviced by the company as well as any
right associated with the loan that has been fraudulently
transferred.  The company's real properties will also be
transferred to EFP and BHT.

The plan also proposes for the creation of a liquidation trust to
be administered by the bankruptcy trustee.  All remaining assets of
Community Home after payments of certain claims, including EFP and
BHT's secured claims, will be transferred to the trust.

EFP and BHT's secured claims aggregating $18.39 million will be
paid in full, according to the liquidation plan.  

The trustee will make a pro rata distribution to general unsecured
creditors which, together, hold more than $12.4 million as of Jan.
30.  General unsecured creditors will recover 50% to 60% of their
claims.  Any excess funds remaining after payment of these claims
will be transferred to EFP and BHT.  

Meanwhile, William "Butch" Dickson won't receive payments for his
claims.  All interests in Community Home will also be canceled.

The liquidation plan supersedes the reorganization plan filed by
the bankruptcy trustee in January 2013.  A copy of Community Home's
disclosure statement is available for free at http://is.gd/tHzsFK

                      About Community Home

Community Home Financial Services, Inc., filed a Chapter 11
petition (Bankr. S.D. Miss. Case No. 12-01703) on May 23, 2012.

Community Home Financial is a specialty finance company located in
Jackson, Mississippi, providing contractors with financing for
their customers.  CHFS operates from one central location providing
financing through its dealer network throughout 25 states, Alabama,
Delaware, and Tennessee.  The Debtor scheduled $44.9 million in
total assets and $30.3 million in total liabilities.  Judge Edward
Ellington presides over the case.

The Debtor was first represented by Roy H. Liddell, Esq., and
Jonathan Bissette, Esq., at Wells, Marble, & Hurst, PPLC as Chapter
11 counsel.  Wells Marble was terminated Nov. 13, 2013.

The Debtor is now being represented by Derek A. Henderson, Esq., in
Jackson, Miss.  In 2013, the Debtor sought to employ David Mullin,
Esq., at Mullin Hoard & Brown LLP, as special counsel.

On Jan. 9, 2014, Kristina M. Johnson was appointed as Chapter 11
Trustee for the Debtor.  Jones Walker LLP serves as counsel to the
Chapter 11 trustee, while Stephen Smith, C.P.A., acts as
accountant.

                         *     *     *

On Aug. 8, 2013, the Court approved the Disclosure Statement
explaining the Debtor's Plan of Reorganization dated Jan. 29, 2013.
In the first quarter of 2014, the Court entered an order holding
in abeyance the (i) confirmation of the Debtor's Chapter 11 Plan;
and (ii) the objection and amended objection to the confirmation of
Plan pending further Court order.


COMSTOCK RESOURCES: Moody's Rates New $700MM Secured Notes 'Ba3'
----------------------------------------------------------------
Moody's Investors Service assigned a Ba3 rating to Comstock
Resources, Inc.'s proposed $700 million senior secured notes issue
due 2020.  Moody's also downgraded Comstock's Corporate Family
Rating to B3 from B2, its senior unsecured notes to Caa1 from B3 as
well as the Speculative Grade Liquidity Rating to SGL-3 from SGL-2.
The rating outlook is stable.  Proceeds from the proposed senior
secured notes issue will be used to repay outstanding borrowings
under the company's $675 million secured borrowing base revolving
credit facility, which will then be terminated, and for other
general corporate purposes.  The closing of the proposed secured
notes transaction is also contigent upon the closing by Comstock on
a new $50 million secured revolving credit facility for which a
commitment letter has been recieved. These rating actions are
dependent on the secured notes transaction closing as proposed, as
well as Moody's review of the final documentation.

"With weak commodity prices eroding the company's cash flow and
credit metrics, Comstock's proposed secured notes issue will
provide the company with critical cash liquidity with which to fund
its operations over the 2015-2016 time period," commented Arvinder
Saluja, Moody's Vice President. "The deterioration in credit
metrics is further exacerbated, however, by the increased interest
burden associated with the proposed senior secured notes as well as
the absence of any hedging of commodity price risk on the company's
production."

Downgrades:

Issuer: Comstock Resources, Inc.

  -- Corporate Family Rating: Downgraded to B3 from B2

  -- Probability of Default Rating: Downgraded to B3-PD from B2-
     PD

  -- $300 million 7.75% Senior Unsecured Notes due 2019:
     Downgraded to Caa1, LGD5 from B3, LGD5

  -- $100 million 7.75% Senior Unsecured Notes due 2019:
     Downgraded to Caa1, LGD5 from B3, LGD5

  -- $300 million 9.5% Senior Unsecured Notes due 2020:
     Downgraded to Caa1, LGD5 from B3, LGD5

  -- Speculative Grade Liquidity Rating: Downgraded to SGL-3 from
     SGL-2

Assignments:

Issuer: Comstock Resources, Inc.

  -- $700 million Senior Secured Notes: Assigned Ba3, LGD2

Outlook Actions:

Issuer: Comstock Resources, Inc.

  -- Outlook remains Stable

Comstock's B3 CFR reflects the company's high proportion of natural
gas production, the absence of a hedging program to counter the
weak commodity price environment, and Moody's expectations of
significantly reduced interest coverage as a result of the high
cost of the new secured debt financing. Comstock's weak
leveraged-full cycle ratio (LFCR), which captures the efficiency of
reinvested capital, also restrains the rating.  The rating is
supported by the high level of operational control Comstock has
over its proved reserves, the positioning of its acreage in the
core of the Haynesville Shale and the attractive option its acreage
in the Eagle Ford Shale's black oil window represents in a
commodity pricing environment more conducive to higher prices.

Comstock, with 2014 production approximating 30,000 barrels of oil
equivalent (Boe) per day, operates principally in the Haynesville
Shale, and in the Eagle Ford Shale.  During this period of weak
crude oil prices, with crude oil constituting 39% of 2014's total
production, the company intends to de-emphasize its Eagle Ford
producing activities, and will re-focus its drilling activity in
the Haynesville, reversing a trend that had moved the company's
production profile towards increased crude oil output in 2013-2014.
The company intends to cut its capital spending in 2015 by about
45%, allocating the majority of its drilling capital to the
Haynesville, where Comstock believes the rates of return are more
favorable than drilling its oil reserves in the Eagle Ford.  Weak
liquids prices have worked against the company's effort to
transition into a more liquids focused, higher margin producer.

Net proceeds from the proposed $700 million senior secured notes
will be used to repay the $375 million of borrowings outstanding as
of December 31 under Comstock's secured borrowing base revolving
credit facility, and to build balance sheet cash, providing
critical liquidity with which to fund the company's operations
during this period of extremely weak oil and natural gas prices.
The company's existing $675 million secured credit facility will
then be terminated.  The senior secured notes offering will
eliminate liquidity uncertainty associated with periodic borrowing
base redeterminations under its secured bank facility in weak
commodity price environments.  The increase in outstanding funded
debt, however, and the substitution of lower cost revolving credit
borrowings with substantially higher cost senior secured notes will
virtually double the company's interest expense and pressure credit
metrics.  Moody's expects a meaningful decline in Comstock's 2015
interest coverage to a level nearing 2.5x from 2014's approximate
6.7x as a result of the new financing, with coverage remaining
under 3x through 2016.

The SGL-3 reflects Moody's expectations that Comstock will have
adequate liquidity into 2016.  Pro forma for the proposed secured
notes offering, Comstock will have about $300 million of balance
sheet cash as well as full availability under the new proposed $50
million senior secured revolving credit facility.  The new
revolving credit facility will rank pari passu with the proposed
secured notes and will not be governed by a borrowing base.  The
proposed secured notes offering together with the new $50 million
revolving credit facility will be secured by a first priority lien
on substantially all the assets of the company.  Financial
covenants under the new credit facility include a minimum current
ratio of 1x and an asset coverage test.  Comstock has no debt
maturities prior to 2019 when its $400 million 7.75% unsecured
notes mature.

The senior unsecured notes are rated Caa1, one notch below
Comstock's B3 CFR, reflecting their effective subordination to the
senior secured notes and senior secured revolver under Moody's Loss
Given Default (LGD) Methodology.  The proposed senior secured notes
issue is rated Ba3, three-notches ahead of the B3 CFR based on its
priority claim to the assets over the unsecured notes.

The stable outlook reflects Moody's expectation that Comstock will
maintain adequate liquidity through 2016 under a reduced capital
spending program focused on the further development of its
Haynesville acreage.  Ratings could be downgraded should liquidity
fall below $100 million, should interest coverage deteriorate below
2x, or if retained cash flow ( RCF) to debt falls below 10%.
Moody's could upgrade Comstock's ratings if the company's leveraged
full cycle ratio (LFCR) reaches and is maintained at or above 1.5x
with RCF to debt over 25%.

The principal methodology used in these ratings was Global
Independent Exploration and Production Industry published in
December 2011.  Other methodologies used include Loss Given Default
for Speculative-Grade Non-Financial Companies in the U.S., Canada
and EMEA published in June 2009.

Comstock Resources, Inc. is an independent exploration and
production company headquartered in Frisco, Texas.


COMSTOCK RESOURCES: S&P Revises Outlook to Neg. & Affirms 'B+' CCR
------------------------------------------------------------------
Standard & Poor's Ratings Services revised the rating outlook on
Comstock Resources Inc. to negative from stable and affirmed the
'B+' corporate credit rating.  S&P also lowered the issue-level
rating on the company's senior unsecured debt to 'CCC+' from 'B-'
and revised the recovery rating to '6' from '5', indicating S&P's
expectation of negligible (0% to 10%) recovery for creditors in the
event of a payment default.

At the same time, S&P assigned a 'B+' issue-level rating to the
company's proposed $700 million senior secured notes due 2020.  The
recovery rating is '2', indicating S&P's expectation of substantial
(70% to 90%) recovery for creditors in the event of a payment
default.

"The outlook revision primarily reflects our expectation of weaker
leverage measures than previously anticipated as a result of its
proposed notes issuance, although the company's liquidity position
will moderately improve," said Standard & Poor's credit analyst
John Rogers.

Comstock plans to issue $700 million of senior secured notes due
2020, and use the proceeds to pay down revolver borrowings ($375
million outstanding as of Dec. 31, 2014) and build cash.  The
company also plans to replace its current $1 billion reserve base
loan credit facility maturing in 2018, with a borrowing base of
$675 million, with a $50 million credit facility maturing in 2019.
As a result, the company will have greater certainty regarding its
liquidity position over the next 12 months, given that it will not
be subject to potential borrowing base reductions due to lower
commodity prices.

The ratings on Comstock Resources Inc. reflect S&P's view of the
company's "vulnerable" business risk, "aggressive" financial risk,
and "adequate" liquidity.  These assessments reflect Comstock's
small proven reserve base and production levels, limited geographic
diversity, low cost structure, and historically conservative
financial policy.

The negative rating outlook reflects S&P's view of Comstock's
weakening credit measures as a result of the proposed debt
issuance.  S&P could lower the rating if it expects FFO to debt to
remain below 12% for a sustained period, or if liquidity
deteriorated, which would most likely occur if production from the
Haynesville shale play falls short of our expectations, or if
natural gas prices averaged significantly lower than S&P's current
base case assumptions and the company did not further reduce
capital spending.

S&P could revise the outlook to stable if Comstock can maintain FFO
to debt above 12% for a sustained period while preserving adequate
liquidity.

Comstock is an independent oil and gas exploration and production
(E&P) company that operates primarily onshore in Texas and
Louisiana.



CONGREGATION BIRCHOS: Voluntary Chapter 11 Case Summary
-------------------------------------------------------
Debtor: Congregation Birchos Yosef
        201 Route 306
        Monsey, NY 10952

Case No.: 15-22254

Type of Business: Religious Corp.

Chapter 11 Petition Date: February 26, 2015

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

Debtor's Counsel: Douglas J. Pick, Esq.
                  PICK & ZABICKI LLP
                  369 Lexington Avenue, 12th Floor
                  New York, NY 10017
                  Tel: (212) 695-6000
                  Fax: (212) 695-6007
                  Email: dpick@picklaw.net

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Breindy Lebovits, vice-president.

The Debtor did not include a list of its largest unsecured
creditors when it filed the petition.


COOPER TIRE: Moody's Affirms 'B1' CFR & Changes Outlook to Stable
-----------------------------------------------------------------
Moody's Investors Service affirmed Cooper Tire & Rubber Company's
ratings - Corporate Family and Probability of Default rating at B1
and B1-PD, respectively.  In a related action Moody's affirmed the
B2 rating of the senior unsecured notes and revised Cooper Tire's
rating outlook to stable from negative.  The company's Speculative
Grade Liquidity Rating was raised to SGL-3 from
SGL-4.

Ratings affirmed:

  -- B1, Corporate Family Rating;

  -- B1-PD, Probability of Default;

  -- B2 (LGD4) Senior unsecured Notes due 2019;

  -- B2 (LGD4) Senior unsecured Notes due 2027.

The following rating was raised :

  -- Speculative Grade Liquidity Rating, to SGL-3 from SGL-4

  -- Rating outlook to Stable

The revision of Cooper Tire's rating outlook to stable incorporates
our expectation that overall growth in aftermarket tire demand in
the company's end markets, and balanced shareholder policies will
support strong credit metrics over the intermediate-term.  This
outlook considers the company's slightly lower overall
profitability following the sale of the company's joint venture
(Cooper Chengshan (Shandong) Tire Company Ltd (CCT)) in late 2014.
Yet, Moody's expects off-take arrangements with CCT will support
the company's global operations through the termination of this
arrangement in 2018, as alternative sources are developed.  With
the resolution of several uncertainties experienced by the company
in 2014, including the sale of CCT, and lower customer pricing in
reaction to industry wide lower raw material prices during the
year, Moody's estimates that Cooper Tire's EBITA margins will
expand to about 10.5% (inclusive of Moody's standard adjustment) in
2015 compared to about 9% for 2014 (pro forma for the sale of CCT).
The company's strong cash balances at year-end 2014 of about $552
million is more than sufficient to fund planned capital investment
for 2015 despite our expectation of slightly negative free cash
flow generation for the year.

Moody's believes that Cooper Tire's management will execute
balanced financial policies over the intermediate-term.  Yet, this
is anticipated to include higher levels of shareholder returns than
demonstrated over recent years.  Cooper Tire's announced new $200
million share repurchase program follows the completed $200 million
accelerated share repurchase program announced in August 2014.  In
addition, the company has indicated that expanding its Asian
footprint could include acquisition or other joint ventures. We
anticipate that Cooper Tire's debt/EBITDA leverage will remain
supportive of the assigned B1 Corporate Family Rating, estimated at
2.0x for Dec. 31, 2014, inclusive of Moody's standard adjustments.

Cooper Tire's SGL-3 Speculative Grade Liquidity rating indicates
the expectation of an adequate liquidity profile over the near-term
supported by the cash on hand and availability under the company's
$200 million ABL revolving credit facility.  The facility was
undrawn at year end 2014 and comes due in 2016.  The facility is
governed by a borrowing base formula on receivables and inventory
and does not have material financial maintenance covenants.  The
$175 million accounts receivable securitization facility has a
maturity of June 2015, as a result this facility is not considered
in the company's liquidity profile.

Cooper Tire's ratings or outlook could be raised over the
intermediate-term if financial policy is balanced between
shareholder returns and capital investments to support organic
growth (notably in high valued tires) or through acquisitions which
could include expansions in Asia.  Moody's will assess management's
execution of these considerations in light of the potential
increases in raw material costs while sustaining debt/EBITDA below
2.5x, and EBITA/interest above 4.5x.

Cooper Tire's rating or outlook could be lowered resulting from
industry competitive pressures, weaker product mix, or higher raw
material costs not passed on to customers.  Consideration for a
lower rating or outlook could occur if Moody's believes Cooper
Tire's EBITA margin will revert toward 7%, EBITA/interest
approaches 3.5x, or debt/EBITDA above 3x.  Debt financed
acquisitions or a weakening liquidity profile could also result in
lower ratings.

The principal methodology used in this rating was Global Automotive
Supplier Industry published in May 2013.  Other methodologies used
include Loss Given Default for Speculative-Grade Non-Financial
Companies in the U.S., Canada and EMEA published in June 2009.

Cooper Tire & Rubber Company, headquartered in Findlay, OH, is the
fourth largest tire manufacturer in North America and is focused on
the replacement markets for passenger cars and light and medium
duty trucks. Revenues for 2014 were $3.4billion.


CRAIG COUNTY HOSPITAL: Chapter 9 Case Summary & Largest Creditors
-----------------------------------------------------------------
Debtor: Craig County Hospital Authority
        735 North Foreman
        Vinita, OK 74301

Bankruptcy Case No.: 15-10277

Type of Business: Health Care

Chapter 9 Petition Date: February 25, 2015

Court: United States Bankruptcy Court
       Northern District of Oklahoma (Tulsa)

Debtor's Counsel: Mark A. Craige, Esq.
                  CROWE & DUNLEVY, ATTORNEYS AT LAW
                  500 Kennedy Building
                  321 S. Boston Avenue
                  Tulsa, OK 74103
                  Tel: 918-592-9878
                  Fax: 918-599-6318
                  Email: mark.craige@crowedunlevy.com

                     - and -

                  Michael Robert Pacewicz, Esq.
                  CROWE & DUNLEVY, ATTORNEYS AT LAW
                  321 South Boston, Suite 500
                  Tulsa, OK 74103
                  Tel: 918-592-9847
                  Fax: 918-599-6309
                  Email: pacewicm@crowedunlevy.com

Estimated Assets: $10 million to $50 million

Estimated Liabilities: $10 million to $50 million

The petition was signed by Steven Chase, CEO.

Debtor's 20 Largest Unsecured Creditors:

  Entity                      Nature of Claim   Claim Amount
  ------                      ---------------   ------------
American Red Cross             Products or        $20,551
                                Services

Amerisourcebergen 10           Products or        $33,391
                                Services

Arthrex                        Products or        $29,889
                                Services

Basic MRI Medical SY           Products or        $20,606
                                Services

Ben E. Keith Co.               Products or        $13,684
                                Services

Bracco Diagnostics I           Products or        $20,204
                                Services

Laboratory Supply Co.          Products or        $31,610
                                Services

Logan & Lowry, LLP             Products or        $18,971
                                Services

McIntosh Services, I           Products or       $273,617
PO Box 472208                   Services
Tulsa, OK 74147-2208

Medhost of Tennessee           Products or        $73,691
                                Services

NEO Orthopedics & RE           Products or       $174,226
                                Services

Oklahoma Hospital AS           Products or        $23,705
                                Services

Olympus Financial SE           Products or        $14,794
                                Services

Owens & Minor                  Products or        $25,727
                                Services

Regional Medical Lab           Products or        $87,765
                                Services

Respironics                    Products or        $15,066
                                Services

Saint Francis Hospit           Products or        $15,150
                                Services

Tag Consulting                 Products or        $13,043
                                Services

Toshiba American Medical       Products or        $25,893
                               Services

Werfen USA, LLC                Products or        $29,571
                                Services


CSHM: Files for Chapter 7 Liquidation
-------------------------------------
CSHM filed for Chapter 7 bankruptcy in the U.S. Bankruptcy Court
for the District of Delaware on
Feb. 5, 2015.

According to DrBicuspid, CSHM claims it has $78,337 in assets and
owes $73.3 million to dental boards, dental supply companies,
dental labs, law firms, TV stations, insurance companies,
management companies, 20 states, the District of Columbia, and the
U.S. Department of Justice.  The report adds that the debt owed to
the Department of Justice are costs related to Medicaid fraud
investigations of the Company.   The report recalls that the
Company's Small Smiles dental chain paid in 2010 $24 million to
settle allegations of Medicaid fraud brought by the U.S. Department
of Justice, of which $3.45 million went to the state of New York,
where the Company operates several clinics.

                           About CSHM

CSHM owns the Small Smiles dental chain.  It owns 53 Small Smiles
dental clinics in 19 states and the District of Columbia.  The
Company was excluded from participating in the Medicaid and
Medicare programs for a minimum of five years by the U.S.
Department of Health and Human Services in March 2014.

CSHM, according to DrBicuspid, is the restructured company that
emerged in June 2012 when Church Street Health Management fka Forba
Holdings filed for Chapter 11 bankruptcy in February 2012.


DEB STORES: $30,000 Key Employee Incentive Plan Approved
--------------------------------------------------------
The U.S. Bankruptcy Court authorized Deb Stores Holding LLC, et
al., to implement a key employee incentive plan for certain
non-insider employees and make payments contemplated thereunder.

The Debtors sought to pay $30,000 in the aggregate to eight
employees responsible for the management of its store-level
operating and reporting systems.

The Debtors, in their motion, stated that they are winding down
their business over the next several months and are conducting a
Court-approved chain-wide liquidation.  In this relation, they are
in the risk of losing critical employees who operate and manage key
information management and reporting systems that are critical to
the operations of the liquidation sales at the Debtors' 287 stores.


The KEIP provides that non-insider employees will ensure the
continued operation of the Debtor's business.  The non-insider
employees will assure that the Debtors' point of sale systems,
including credit card processing, sale reporting, and inventory
management processes, work seamlessly and reliably.  The Debtors
will also be able to report and reconcile critical financial
information with the agent -- Hilco Merchant Resources, LLC and
Gordon Brothers Retail Partners, LLC.  Under the agency agreement,
the Debtors are required to maintain certain of its information
systems until April 30, 2015.

                         About Deb Stores

Headquartered in Philadelphia, Pennsylvania, Deb Stores is a
mall-based retailer in the juniors "fast-fashion" specialty sector
that operates under the name "DEB" and offers moderately priced,
fashionable, coordinated women's sportswear, dresses, coats,
lingerie, accessories and shoes for junior and plus sizes.  The
company, founded by Philip Rounick and Emma Weiner, opened its
first store under the name JOY Hosiery in Philadelphia,
Pennsylvania in 1932.  As of Sept. 30, 2014, the company operated
a total of 295 retail store locations (primarily in the East and
Midwest, especially Pennsylvania, Ohio and Michigan) as well as an
e-commerce channel.

On June 26, 2011, Deb Stores' predecessors -- DSI Holdings Inc.
And its subsidiaries -- sought Chapter 11 protection (Bankr. D.
Del. Lead Case No. 11-11941) and closed the sale of the assets
three months later to Ableco Finance, LLC, the agent for the first
lien lenders.

Deb Stores Holding LLC and eight affiliated companies commenced
Chapter 11 bankruptcy cases in Delaware on Dec. 4, 2014.  The
Debtors are seeking to have their cases jointly administered, with
pleadings maintained on the case docket for Deb Stores Holding
(Case No. 14-12676).  The cases are assigned to Judge Mary F.
Walrath.

Laura Davis Jones, Esq., Colin R. Robinson, Esq., at and Peter J.
Keane, Esq., at Pachulski Stang Ziehl & Jones LLP, in Wilmington,
Delaware, serve as counsel to the Debtors.  Epiq Bankruptcy
Solutions, LLC, is the claims and noticing agent.

As of Dec. 31, 2014, the Debtors' most recent audited consolidated
financial statements reflected assets totaling $90.5 million and
liabilities totaling $120.1 million.

The Official Committee of Unsecured Creditors tapped Cooley LLP as
its lead counsel; Drinker Biddle & Reath LLP as its co-counsel; and
Zolfo Cooper, LLC as its bankruptcy consultants and financial
advisors.


DEERFIELD RANCH WINERY: Reaches Agreement on Interim Cash Use
-------------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that Deerfield Ranch Winery LLC reached an agreement
with Rabobank NA allowing the use of cash to operate the business.

As previously reported by The Troubled Company Reporter, Rabobank,
Deerfield's primary secured lender asserts that it holds a duly
perfected security interest in substantially all of Deerfield's
assets, including its cash.  Deerfield does not believe that any
other creditor holds an interest in cash collateral.  Deerfield
owes $10.9 million to Rabobank on two loans taken out in late
2008.

According to the report, the agreement, which was approved on a
preliminary basis by a bankruptcy judge in Santa Rosa, California,
lets the winery use cash representing collateral for Rabobank's
secured claims through March 31.  A final-approval hearing is set
for March 27, the report said.

                   About Deerfield Ranch Winery

Deerfield Ranch Winery, LLC, is an award-winning winery located in
the heart of the Sonoma Valley, founded in 1982 by Robert and PJ
Rex.   The Deerfield estate is approximately 47 acres, located in
Kenwood, California, and was acquired in 2000.  Annual production
totals approximately 30,000 cases annually, including both
Deerfield brands and the winery's substantial custom-crush
business, which includes 12 small family-owned wineries.  The
winery LLC is owned by 87 members, who have contributed more than
$15 million to the business.

Deerfield Ranch Winery filed a Chapter 11 bankruptcy petition
(Bank. N.D. Cal. Case No. 15-10150) on Feb. 13, 2015.  The Debtor
estimated assets and liabilities of $10 million to $50 million.
Scott H. McNutt, Esq., and Shane J. Moses, Esq., at McNutt Law
Group LLP serve as the Debtor's counsel.  Jigsaw Advisors LLC acts
as the Debtor's restructuring financial advisor.  Judge Alan
Jaroslovsky is assigned to the case.


DELIAS INC: Gets Approval of Executive Bonus Plan
-------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that Delia's Inc., a liquidating 92-store clothing
and accessories retailer, got approval to pay incentive bonuses to
three executives for helping maximize recoveries during
store-closing sales and the wind-down process.

According to the report, incentive payments under the plan will be
earned if the liquidation meets or exceeds targets.  Total payments
under the plan to two of the executives are subject to an overall
cap of the greater of $200,000 or 5% of unsecured creditors'
recoveries, the report related.  The cap on the third executive's
payment is $25,000, the report added.

The executives won't get the bonuses unless and until bankruptcy
financing from lender Salus Capital Partners LLC, owed about $18.5
million when the bankruptcy began Dec. 7, has been fully paid, the
report further related.

                        About DELIA*S INC.

Launched in 1993, dELiA*s Inc., is a retailer which sells apparel,
accessories, footwear, and cosmetics marketed primarily to teenage
girls and young women.  The dELiA*s brand products are sold
through the Company's mall-based retail stores, direct mail
catalogs and e-commerce Web sites.

On Dec. 7, 2014, dELiA*s and eight of its subsidiaries each filed
a voluntary petition for relief under Chapter 11 of the United
States Bankruptcy Code (Bankr. S.D.N.Y.).  The Debtors have
requested that their cases be jointly administered under Case No.
14-23678.

As of the bankruptcy filing, dELiA*s owns and operates 92 stores
in 29 states.

The Debtors have tapped Piper LLP (US) as counsel, Clear Thinking
Group LLC, as restructuring advisor, Janney Montgomery Scott LLC,
as investment banker, and Prime Clerk LLC as claims agent.

As of the Petition Date, the Debtors had $47.0 million in total
assets and $50.5 million in liabilities.

The Debtors have sought court approval of a deal for Gordon
Brothers Retail Partners, LLC and Hilco Merchant Resources, LLC,
to launch going-out-of-business sales.

The Official Committee of Unsecured Creditors tapped to retain
Kelley Drye & Warren LLP as its counsel, and Capstone Advisory
Group, LLC, and Capstone Valuation Services, LLC, as financial
advisors.


DENDREON CORP: Files Revised Schedules of Assets & Debt
-------------------------------------------------------
Dendreon Corporation filed with the U.S. Bankruptcy Court for the
District of Delaware revised schedules of assets and liabilities,
disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                        $0
  B. Personal Property          $320,697,757
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                                        $0
  E. Creditors Holding
     Unsecured Priority
     Claims                                                $0
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                      $624,050,463
                                 -----------      -----------
        TOTAL                   $320,697,457     $624,050,463

In the prior iteration of the schedules, the Debtor disclosed
$640,050,463 in claims by creditors holding unsecured priority
claims.

A copy of the schedules is available for free at

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

                       About Dendreon Corp

With corporate headquarters in Seattle, Washington, Dendreon
Corporation -- http://www.dendreon.com/-- a biotechnology company


focused on the development of novel cellular immunotherapies to
significantly improve treatment options for cancer patients.
Dendreon's first product, PROVENGE (sipuleucel-T), was approved by
the U.S. Food and Drug Administration (FDA) and became
commercially
available for the treatment of men with asymptomatic or minimally
symptomatic castrate-resistant (hormone-refractory) prostate
cancer
in April 2010.  Dendreon is traded on the NASDAQ Global Market
under the symbol DNDN.

Dendreon and its U.S. subsidiaries filed for Chapter 11 bankruptcy
protection (Bankr. D. Del.) on Nov. 10, 2014.  The Debtors
requested that their cases be jointly administered under Case No.
14-12515.  The petitions were signed by Gregory R. Cox, interim
chief financial officer and treasurer.

Dendreon sought bankruptcy protection after it reached agreements
on the terms of a financial restructuring with certain  holders of
the Company's 2.875% Convertible Senior Notes due 2016
representing
84% of the $620 million aggregate principal amount of the 2016
Notes.  The financial restructuring may take the form of a
stand-alone recapitalization or a sale of the Company or its
assets.

The Debtors have engaged Skadden, Arps, Slate, Meagher & Flom LLP,
as counsel; Lazard Freres & Co. LLC, as investment banker;
AlixPartners, as restructuring advisors; and Prime Clerk LLC as
claims and noticing agent.

The Debtors disclosed $365 million in total assets and $664
million
in total liabilities as of June 30, 2014.

The U.S. Trustee for Region 3 appointed five members to the
Official Committee of Unsecured Creditors.



DETROIT, MI: Veteran Judge Thomas Tucker Takes Over Ch. 9 Case
--------------------------------------------------------------
Robert Snell, writing for The Detroit News, reported that Thomas
Tucker, a federal bankruptcy judge since 2003, will take over
Detroit's landmark bankruptcy case following the retirement of U.S.
Bankruptcy Judge Steven Rhodes.

According to the report, Judge Tucker will resolve lingering
disputes over claims in the biggest municipal bankruptcy case in
U.S. history and enforce the city's plan to shed $7 billion in
debt, restructure another $3 billion and plow $1.7 billion into
improved services.

As previously reported by The Troubled Company Reporter, Judge
Steven Rhodes, in Michigan, who presided over Detroit's bankruptcy
historic case, is retiring after 30 years on the bench.

                   About the City of Detroit

The City of Detroit, Michigan, weighed down by more than $18
billion in accrued obligations, sought municipal bankruptcy
protection on July 18, 2013, by filing a voluntary Chapter 9
petition (Bankr. E.D. Mich. Case No. 13-53846).  Detroit estimated
more than $1 billion in both assets and debts.

Kevyn Orr, who was appointed in March 2013 as Detroit's emergency
manager, signed the petition.  Detroit is represented by lawyers
at Jones Day and Miller Canfield Paddock and Stone PLC.

Michigan Governor Rick Snyder authorized the bankruptcy filing.

The filing makes Detroit the largest American city to seek
bankruptcy, in terms of population and the size of the debts and
liabilities involved.

The City's $18 billion in debt includes $5.85 billion in special
revenue obligations, $6.4 billion in post-employment benefits,
$3.5 billion for underfunded pensions, $1.13 billion on secured
and unsecured general obligations, and $1.43 billion on pension-
related debt, according to a court filing.  Debt service consumes
42.5 percent of revenue.  The city has 100,000 creditors and
20,000 retirees.

The Hon. Steven Rhodes oversees the bankruptcy case.  Detroit is
represented by David G. Heiman, Esq., and Heather Lennox, Esq., at
Jones Day, in Cleveland, Ohio; Bruce Bennett, Esq., at Jones Day,
in Los Angeles, California; and Jonathan S. Green, Esq., and
Stephen S. LaPlante, Esq., at Miller Canfield Paddock and Stone
PLC, in Detroit, Michigan.

Sharon Levine, Esq., at Lowenstein Sandler LLP, is representing
the American Federation of State, County and Municipal Employees
and the International Union.

Babette Ceccotti, Esq., at Cohen, Weiss & Simon LLP, is
representing the United Automobile, Aerospace and Agricultural
Implement Workers of America.

A nine-member official committee of retired workers was appointed
in the case.  The Retirees' Committee is represented by Dentons US
LLP.  Lazard Freres & Co. LLC serves as the Retiree Committee's
financial advisor.

The TCR, on Dec. 18, 2014, reported that Detroit has filed a
notice that the effective date of its bankruptcy-exit plan
occurred on Dec. 10, 2014.  U.S. Bankruptcy Judge Steven Rhodes on
Nov. 12, 2014, entered an order confirming the Eighth Amended Plan
for the Adjustment of Debts of the City of Detroit.


DF REAL ESTATE: Case Summary & 12 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: DF Real Estate Partners, LLC
        A Delaware limited liability company
        25108 Marguerite Pkway Ste A-428
        Mission Viejo, CA 92692

Case No.: 15-10913

Chapter 11 Petition Date: February 25, 2015

Court: United States Bankruptcy Court
       Central District of California (Santa Ana)

Judge: Hon. Theodor Albert

Debtor's Counsel: Evan D Smiley, Esq.
                  SMILEY WANG-EKVALL, LLP
                  3200 Park Center Drive, Suite 250
                  Costa Mesa, CA 92626
                  Tel: 714-445-1000
                  Email: esmiley@swelawfirm.com

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Roy Dekel, CEO of Diverse Financial
Corporation, manager.

A list of the Debtor's 12 largest unsecured creditors is available
for free at http://bankrupt.com/misc/cacb15-10913.pdf


DIVERSIFIED RESOURCES: Auditor Expresses Going Concern Doubt
------------------------------------------------------------
Diversified Resources, Inc., filed with the U.S. Securities and
Exchange Commission its annual report on Form 10-K for the fiscal
year ended Oct. 31, 2014.

Frazier & Deeter, LLC, expressed substantial doubt about the
Company's ability to continue as a going concern, citing that the
Company has an accumulated deficit and has incurred significant
operating losses and has a working capital deficit.

The Company reported a net income of $726,000 on $162,000 of
operating revenues for the fiscal year ended Oct. 31, 2014,
compared with a net loss of $1.17 million on $96,200 of operating
revenues in the prior year.

The Company's balance sheet at Oct. 31, 2014, showed $10.37 million
in total assets, $4 million in total liabilities, and total
stockholders' equity of $6.37 million.

A copy of the Form 10-K is available at:
                              
                       http://is.gd/nfMhwh
                          
Diversified Resources is a Colorado-based energy company focused
on the development of its D-J Basin, Raton Basin and other assets.
Those assets include leases in the counties of Weld, Adams,
Broomfield and Las Animas Counties, Colorado.

The Company reported a net loss of $406,200 on $9,900 of oil and
gas sales
for the three months ended April 30, 2014, compared with a net loss
of
$140,400 on $11,500 of oil and gas sales for the same period in
2013.

The Company's balance sheet at April 30, 2014, showed $2.83
million in total assets, $1.09 million in total liabilities, and
stockholders' equity of $1.74 million.


DO1 INC: Gets Court's Nod to Sell Assets to PWI for $1.35 Million
-----------------------------------------------------------------
A Utah bankruptcy court granted debtor DO1, Inc. permission to sell
certain of its business assets to Petroleum Wholesale, L.P., for
$1,357,000.

The assets for sale include a Ground Lease by and between D & D
Truck Stop, L.L.C. and the Debtor and the Sublease by and between
the Debtor and Transfuels, LLC that are situated in Salt Lake,
Utah.

Judge Kimball Mosier confirmed PWI's competing offer as higher and
better than Jake Abbott's $1,230,000 bid for the Debtor's
property.

PWI is authorized to operate the Property pending closing of the
transactions, if such operation can be conducted in compliance with
applicable law and regulations.  Moreover, PWI is authorized to
advance up to $20,000 to the Debtor for payment of lease, utility,
and other charges approved by PWI pending closing, with the amounts
so advanced to be credited against the purchase price to be paid by
PWI and may be paid from PWI's $50,000 earnest money deposited in
the trust account of Debtor's counsel.

PWI has 45 days from February 10, 2015, within which to close the
purchase of the Property.

A copy of the Bankruptcy Court's Feb. 23, 2015 Findings of Fact and
Conclusions of Law is available at http://is.gd/VRTbiLfrom
Leagle.com.
           
                            About DO1 Inc.

DO1 Inc., PO Box 27837, Salt Lake City, UT 84127, filed for
bankruptcy on March 14, 2014 (Bankr. Utah, Case No. 14-22440).
It's petition was signed by Denton Lynn Dunn, president.  The
Debtor listed $1 million to $10 million in assets and liabilities.
The Hon. Kimball Mosier presides over the Debtor's case.  The
Debtor is represented by Andres' Diaz, Esq. of DIAZ & LARSEN, in
Salt Lake City, UT 84101.


DOLLAR TREE: Strong 4Q Results No Impact on Moody's Ba2 Rating
--------------------------------------------------------------
Moody's Investors Service said that Dollar Tree, Inc.'s
(Ba2/Stable) strong financial results for the fourth quarter and
fiscal year ending Jan. 31, 2015 are a credit positive, but will
have no ratings impact at this time.  The company reported a strong
5.6% same store sales growth in the fourth quarter driven primarily
through a 3.4% increase in traffic.  For the fiscal year 2014 the
company reported one billion customer transactions and a 4.4% same
store sales growth on a constant currency basis.  The company's
operating margin of 22.8% for fiscal year 2014 excluding
acquisition related expenses demonstrated a 40 basis point
improvement compared to fiscal 2013 despite higher freight costs
related to domestic trucking rates.  The strong operating
performance of Dollar Tree demonstrates that the value proposition
of its products continues to resonate with financially constrained
consumers.  The product mix of consumables, variety and seasonal
products offers customers a wide choice at the one dollar price
point.

Dollar Tree operated 5,367 stores across 48 states and five
Canadian provinces as of Jan. 31, 2015.  It's stores operate under
the brands of Dollar Tree, Dollar Tree Canada and Deals.  Fiscal
2014 revenues were $8.6 billion.

The principal methodology used in this rating was Global Retail
Industry published in June 2011.  Other methodologies used include
Loss Given Default for Speculative-Grade Non-Financial Companies in
the U.S., Canada and EMEA published in June 2009.


DUNE ENERGY: Agrees to Extend Tender Offer Expiration to Feb. 27
----------------------------------------------------------------
Dune Energy, Inc., Eos Petro, Inc., and Eos Merger Sub, Inc., have
amended their merger agreement to further extend the expiration
date of the Offer to midnight, New York City Time, on Feb. 27,
2015.

On Sept. 17, 2014, Dune Energy and Eos Petro entered into the
Merger Agreement pursuant to which, among other things, Merger
Subsidiary, agreed to commence a cash tender offer for all of the
issued and outstanding shares of the Company's common stock, par
value $0.001 per share, for $0.30 per share payable to the holder
in cash, without interest thereon and less any applicable
withholding taxes.

                         About Dune Energy

Dune Energy, Inc. (NYSE AMEX: DNE) -- http://www.duneenergy.com/  

-- is an independent energy company based in Houston, Texas.
Since May 2004, the Company has been engaged in the exploration,
development, acquisition and exploitation of natural gas and crude
oil properties, with interests along the Louisiana/Texas Gulf
Coast.  The Company's properties cover over 90,000 gross acres
across 27 producing oil and natural gas fields.

Dune Energy reported a net loss of $47 million in 2013, a net
loss of $7.85 million in 2012 and a net loss of $60.4 million in
2011.  The Company's balance sheet at Sept. 30, 2014, showed $229
million in total assets, $144 million in total liabilities and
$85.2 million in total stockholders' equity.

"Our primary sources of liquidity are cash provided by operating
activities, debt financing, sales of non-core properties and
access to capital markets.  As previously discussed, the Company
is now subject to a Forbearance Agreement and Fourth Amendment to
the Credit Agreement.  Under the terms of this agreement, we have
a borrowing base set at $40 million.  Pursuant to the terms of the
agreement, so long as we remain in compliance with the terms of
the agreement, Dune has $1 million of borrowing capacity
available.  Nevertheless, this will not provide sufficient
liquidity to continue normal operations absent a longer-term
solution prior to the end of the forbearance period.  "These and
other factors raise substantial doubt about our ability
to continue as a going concern beyond Dec. 31, 2014, should the
Merger with Eos not occur," the Company stated in its quarterly
report for the period ended Sept. 30, 2014.


EALOGY HOLDINGS: Reports $143 Million Net Income for 2014
---------------------------------------------------------
Realogy Holdings Corp. reported reported net income attributable to
the Company of $143 million on $5.32 billion of net revenues for
the year ended Dec. 31, 2014, compared to net income attributable
to the Company of $438 million on $5.28 billion of net revenues
during the prior year.

Asof Dec. 31, 2014, Realogy had $7.53 billion in total assets,
$5.35 billion in total liabilities and $2.18 billion in total
equity.

"Last year, on a combined basis, Realogy's affiliated brokers and
agents were responsible for closing approximately $420 billion of
homesale transactions," said Richard A. Smith, Realogy's chairman,
chief executive officer and president.  "Realogy was involved in
approximately 27% of U.S. existing homesale transaction volume
involving a real estate brokerage firm -- a full percentage point
gain in market penetration compared to 2013.  The key contributors
to our market penetration increase were our relative strength at
the high end of the housing market and our ongoing growth
initiatives."

Smith continued, "Looking ahead, we are encouraged by the more than
1.6 million new household formations reported by the U.S. Census
Bureau last year, which we believe supports an increase in
long-term demand for housing."

The Company ended the year with a cash and cash equivalents balance
of $313 million and no outstanding borrowings under its revolving
credit facility.  Total long-term corporate debt, including the
short term portion, net of cash and cash equivalents totaled $3,597
million at Dec. 31, 2014.

A full-text copy of the press release is available at:

                        http://is.gd/ZmuTMS

                   About Realogy Holdings Corp.

Realogy Holdings Corp. (NYSE: RLGY) is a global leader in
residential real estate franchising with company-owned real estate
brokerage operations doing business under its franchise systems as
well as relocation and title services.  Realogy's brands and
business units include Better Homes and Gardens(R) Real Estate,
CENTURY 21(R), Coldwell Banker(R), Coldwell Banker Commercial(R),
The Corcoran Group(R), ERA(R), Sotheby's International Realty(R),
NRT LLC, Cartus and Title Resource Group.  Collectively, Realogy's
franchise system members operate approximately 13,500 offices with
251,000 independent sales associates doing business in 104
countries around the world. Realogy is headquartered in Madison,
N.J.

                           *     *     *

In the Aug. 1, 2013, edition of the TCR, Moody's Investors Service
upgraded the corporate family rating of Realogy Group to to B2
from B3.  The upgrade to B2 CFR is driven by expectations for
ongoing strong financial performance, supported by Realogy's
recently-concluded debt and equity financing activities and a
continuing recovery in the US existing home sale market.

As reported by the TCR on Feb. 18, 2013, Standard & Poor's Ratings
Services raised its corporate credit rating on Realogy Corp. to
'B+' from 'B'.

"The one notch upgrade in the corporate credit rating to 'B+'
reflects an increase in our expectation for operating performance
at Realogy in 2013, and S&P's expectation that total lease
adjusted debt to EBITDA will improve to the low-6x area and funds
from operations (FFO) to total adjusted debt will be improve to
the high-single-digits percentage area in 2013, mostly due to
EBITDA growth in the low- to mid-teens percentage area in 2013,"
S&P said.


ENERGY FUTURE: Creditors Seek to Sue Lenders
--------------------------------------------
Bill Rochelle and Sherri Toub, writing for Bloomberg News, reported
that creditors of Energy Future Holdings Corp. are seeking court
authority to sue secured lenders and void their security interests
covering $24.8 billion of first-lien debt.

According to the report, the dispute stems from the $48 billion
leveraged buyout in 2007 in which KKR & Co., Goldman Sachs Group
Inc. and TPG Capital took the company, then known as TXU Corp.,
private.  With Energy Future in Chapter 11 reorganization since
April, unsecured creditors and bondholders are now contending that
the LBO saddled the company with debt that made it insolvent or
left it with too little capital to avoid bankruptcy, the report
related.

The official creditors' committee for the power-generation side of
the business is also looking to sue for recovery of $2.4 billion in
fees the lenders got after the buyout, while the separate official
committee for the parent company is similarly seeking permission to
sue, the report further related.  An ad hoc group of holders of
$2.7 billion of unsecured bonds on the generation side are asking
for the same right to sue, the report added.

                        About Energy Future

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a portfolio
of competitive and regulated energy businesses in Texas.  Oncor, an
80 percent-owned entity within the EFH group, is the largest
regulated transmission and distribution utility in Texas.

The Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth.  EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

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

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).  The Debtors are seeking to have their cases
jointly administered for procedural purposes.

As of Dec. 31, 2013, EFH Corp. reported total assets of
$36.4 billion in book value and total liabilities of
$49.7 billion.  The Debtors have $42 billion of funded
indebtedness.

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

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

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

An Official Committee of Unsecured Creditors has been appointed in
the case.  The Committee represents the interests of the unsecured
creditors of ONLY of Energy Future Competitive Holdings Company
LLC; EFCH's direct subsidiary, Texas Competitive Electric Holdings
Company LLC; and EFH Corporate Services Company, and of no other
debtors.  The Committee has selected Morrison & Foerster LLP and
Polsinelli PC for representation in this high-profile energy
restructuring.  The lawyers working on the case are James M. Peck,
Esq., Brett H. Miller, Esq., and Lorenzo Marinuzzi, Esq., at
Morrison & Foerster LLP; and Christopher A. Ward, Esq., Justin K.
Edelson, Esq., Shanti M. Katona, Esq., and Edward Fox, Esq., at
Polsinelli PC.


ENERGY FUTURE: EFIH Taps Cravath Swaine for Conflict Matters
------------------------------------------------------------
Richard Levin, partner in the firm of Cravath, Swaine & Moore LLP,
filed a first supplemental declaration in support of the
application to employ the firm as counsel to Energy Future
Intermediate Holding Company LLC nunc pro tunc to Nov. 16, 2014.

Mr. Levin said that Cravath will advise and represent EFIH in
connection with conflict matters, and in determining whether a
matter constitutes a conflict matter.

Cravath will be reporting to and at the direction of Charles H.
Cremens, the disinterested manager of EFIH.

Andrew R. Vara, the Acting U.S. Trustee for Region 3, filed a
limited objection.  The U.S. Trustee expressed concern on motion
over the lack of specificity and overly broad range of the proposed
scope of conflict services as articulated in the supplemental
declarations of conflicts counsel.

                     About Energy Future

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a portfolio
of competitive and regulated energy businesses in Texas.  Oncor,
an 80 percent-owned entity within the EFH group, is the largest
regulated transmission and distribution utility in Texas.

The Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth.  EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

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

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).  The Debtors are seeking to have their cases
jointly administered for procedural purposes.

As of Dec. 31, 2013, EFH Corp. reported total assets of $36.4
billion in book value and total liabilities of $49.7 billion.  The
Debtors have $42 billion of funded indebtedness.

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

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

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

An Official Committee of Unsecured Creditors has been appointed in
the case.  The Committee represents the interests of the unsecured
creditors of ONLY of Energy Future Competitive Holdings Company
LLC; EFCH's direct subsidiary, Texas Competitive Electric Holdings
Company LLC; and EFH Corporate Services Company, and of no other
debtors.  The Committee has selected Morrison & Foerster LLP and
Polsinelli PC for representation in this high-profile energy
restructuring.  The lawyers working on the case are James M. Peck,
Esq., Brett H. Miller, Esq., and Lorenzo Marinuzzi, Esq., at
Morrison & Foerster LLP; and Christopher A. Ward, Esq., Justin K.
Edelson, Esq., Shanti M. Katona, Esq., and Edward Fox, Esq., at
Polsinelli PC.



ENERGY FUTURE: Goldin Assoc. Okayed as Special Financial Advisor
----------------------------------------------------------------
The U.S. Bankruptcy Court authorized Energy Future Intermediate
Holdings Company LLC to employ Goldin Associates, LLC as special
financial advisor, nunc pro tunc to Dec. 11, 2014.

Goldin will be reporting to and taking direction from Charles H.
Cremens, the disinterested member of the board of managers of each
of EFIH in connection with conflicts Matters.

Goldin's work will not duplicate the efforts of Evercore Partners
or Alvarez & Marsal, whose role in the cases as primary financial
and restructuring advisors to the Debtors will remain unchanged.

EFIH will pay Goldin a monthly fee of $150,000 for each month of
Goldin's engagement.  EFIH will pay Goldin a contingent fee of
$2,000,000 upon confirmation of a plan of which EFIH is a proponent
or that EFIH otherwise supports.  50% of all monthly fees earned
for periods commencing October 2015 will be credited against any
contingent fee, provided that the credit will not exceed
$1,000,000.  In addition to professional fees paid to Goldin, EFIH
will reimburse Goldin for all reasonable expenses incurred by
Goldin.

To the best of EFIH's knowledge, Goldin is a "disinterested
person" as that term is defined in section 101(14) of the
Bankruptcy Code.

The U.S. Trustee filed a limited objection to the motion.

                       About Energy Future

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a portfolio
of competitive and regulated energy businesses in Texas.  Oncor,
an 80 percent-owned entity within the EFH group, is the largest
regulated transmission and distribution utility in Texas.

The Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth.  EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

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

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).  The Debtors are seeking to have their cases
jointly administered for procedural purposes.

As of Dec. 31, 2013, EFH Corp. reported total assets of $36.4
billion in book value and total liabilities of $49.7 billion.  The
Debtors have $42 billion of funded indebtedness.

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

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

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

An Official Committee of Unsecured Creditors has been appointed in
the case.  The Committee represents the interests of the unsecured
creditors of ONLY of Energy Future Competitive Holdings Company
LLC; EFCH's direct subsidiary, Texas Competitive Electric Holdings
Company LLC; and EFH Corporate Services Company, and of no other
debtors.  The Committee has selected Morrison & Foerster LLP and
Polsinelli PC for representation in this high-profile energy
restructuring.  The lawyers working on the case are James M. Peck,
Esq., Brett H. Miller, Esq., and Lorenzo Marinuzzi, Esq., at
Morrison & Foerster LLP; and Christopher A. Ward, Esq., Justin K.
Edelson, Esq., Shanti M. Katona, Esq., and Edward Fox, Esq., at
Polsinelli PC.



ENERGY FUTURE: Munger Tolles Approved as Counsel for TCEH Debtors
-----------------------------------------------------------------
The Bankruptcy Court authorized Debtors Energy Future Competitive
Holdings Company LLC and Texas Competitive Electric Holdings
Company LLC to employ Munger, Tolles & Olson LLP as counsel, nunc
pro tunc to Nov. 16, 2014.

MTO will render services under the supervision of Hugh E. Sawyer,
the independent board member of the TCEH Debtors (disinterested
manager).

To the best of the Debtors' knowledge, MTO is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

                       About Energy Future

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a portfolio
of competitive and regulated energy businesses in Texas.  Oncor,
an 80 percent-owned entity within the EFH group, is the largest
regulated transmission and distribution utility in Texas.

The Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth.  EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

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

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).  The Debtors are seeking to have their cases
jointly administered for procedural purposes.

As of Dec. 31, 2013, EFH Corp. reported total assets of $36.4
billion in book value and total liabilities of $49.7 billion.  The
Debtors have $42 billion of funded indebtedness.

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

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

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

An Official Committee of Unsecured Creditors has been appointed in
the case.  The Committee represents the interests of the unsecured
creditors of ONLY of Energy Future Competitive Holdings Company
LLC; EFCH's direct subsidiary, Texas Competitive Electric Holdings
Company LLC; and EFH Corporate Services Company, and of no other
debtors.  The Committee has selected Morrison & Foerster LLP and
Polsinelli PC for representation in this high-profile energy
restructuring.  The lawyers working on the case are James M. Peck,
Esq., Brett H. Miller, Esq., and Lorenzo Marinuzzi, Esq., at
Morrison & Foerster LLP; and Christopher A. Ward, Esq., Justin K.
Edelson, Esq., Shanti M. Katona, Esq., and Edward Fox, Esq., at
Polsinelli PC.



ENERGY FUTURE: O'Kelly Ernst Okayed as Co-Counsel
-------------------------------------------------
The Bankruptcy Court authorized Energy Future Holdings Corp., to
employ O'Kelly Ernst & Bielli, LLC as co-counsel, nunc pro tunc to
Nov. 19, 2014.

O'Kelly Ernst will render professional services to EFH Corp.'s
disinterested directors Donald L. Evans and Billie L. Williamson in
connection with the conflict matters.

To the best of the Debtor's knowledge, OEB is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

                       About Energy Future

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a portfolio
of competitive and regulated energy businesses in Texas.  Oncor,
an 80 percent-owned entity within the EFH group, is the largest
regulated transmission and distribution utility in Texas.

The Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth.  EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

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

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).  The Debtors are seeking to have their cases
jointly administered for procedural purposes.

As of Dec. 31, 2013, EFH Corp. reported total assets of
$36.4 billion in book value and total liabilities of $49.7 billion.
The Debtors have $42 billion of funded indebtedness.

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

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

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

An Official Committee of Unsecured Creditors has been appointed in
the case.  The Committee represents the interests of the unsecured
creditors of ONLY of Energy Future Competitive Holdings Company
LLC; EFCH's direct subsidiary, Texas Competitive Electric Holdings
Company LLC; and EFH Corporate Services Company, and of no other
debtors.  The Committee has selected Morrison & Foerster LLP and
Polsinelli PC for representation in this high-profile energy
restructuring.  The lawyers working on the case are James M. Peck,
Esq., Brett H. Miller, Esq., and Lorenzo Marinuzzi, Esq., at
Morrison & Foerster LLP; and Christopher A. Ward, Esq., Justin K.
Edelson, Esq., Shanti M. Katona, Esq., and Edward Fox, Esq., at
Polsinelli PC.



ENERGY FUTURE: Panel Can Hire MMWR as Delaware Bankruptcy Counsel
-----------------------------------------------------------------
The U.S. Bankruptcy Court authorized the Official Committee of
Unsecured Creditors in the Chapter 11 cases of Energy Future
Holdings Corp., et al., to retain Montgomery, McCracken, Walker &
Rhoads LLP as its Delaware bankruptcy counsel and conflicts
counsel.

The Committee, in a revised application, stated that the employment
is nunc pro tunc to Nov. 5, 2014.  Montgomery will represent the
EFH Committee on any asbestos conflicts matters and such other
conflicts matters as the EFH Committee may determine.

MMWR has rendered and may be required to render for the EFH
Committee these services:

   a) in conjunction with Sullivan & Cromwell, providing legal
advice with respect to the powers and duties available to the EFH
Committee;

   b) assisting S&C in the investigation of the acts, conduct,
assets, liabilities and financial condition of the Debtors, the
operation of the Debtors' businesses, and any other matter relevant
to these cases or to the formulation of a plan or plans of
reorganization or liquidation;

   c) assisting S&C in preparing on behalf of the EFH Committee
necessary applications, motions, complaints, answers, orders,
agreements and other legal papers; and

   d) reviewing, analyzing and assisting S&C in responding to all
pleadings filed by the Debtors or other parties-in-interest in the
cases and appearing in Court to present necessary motions,
applications and pleadings and to otherwise protect the interest of
the EFH Committee.

MMWR's hourly rates for professionals that will be primarily
responsible for the matter range from $330 to $690 per hour for
partners and of counsel, from $280 to $425 per hour for associates,
and from $140 to $240 per hour for paralegals.

The primary attorneys and paralegals expected to represent the EFH
Committee, and their hourly rates are:

         Natalie D. Ramsey, Delaware partner            $675
         Mark A. Fink, Delaware of counsel              $590
         Davis Lee Wright, Delaware of counsel          $535
         Katherine M. Fix, Associate                    $290
         Keith T. Mangan, Paralegal                     $140

MMWR also intends to make a reasonable effort to comply with the
U.S. Trustee's requests for information and additional disclosures
as set forth in the Guidelines for Reviewing Applications for
Compensation and Reimbursement of Expenses Filed under Section 330
of the Bankruptcy Code, by attorneys in larger cases effective as
of Nov. 1, 2013.

The following is provided in response to the request for additional
information set forth in Paragraph D.1. of the Revised UST
Guidelines:

   Question: Did you agree to any variations from, or alternatives

to, your standard or customary billing arrangements for this
engagement?

   Response: No.

   Question: Do any of the professionals included in this
engagement vary their rate based on the geographic location of the
bankruptcy case?

   Response: No.

   Question: If you represented the client in the 12 months
prepetition, disclose your billing rates and material financial
terms for the prepetition engagement, including any adjustments
during the 12 months prepetition. If your billing rates and
material financial terms have changed postpetition, explain the
difference and the reasons for the difference.

   Response: MMWR did not represent the Committee in the 12 months
prepetition.

   Question: Has your client approved your prospective budget and
staffing plan, and, if so for what budget period?

   Response: No. The Committee did not request a budget or staffing
report from MMWR from the period of its retention through Dec. 31,
2014.  The Committee has requested that MMWR provide a budget for
Jan. 1, 2015, until Jan. 31, 2015, for approval at the upcoming
committee meeting.  MMWR will continue to provide the Committee
with monthly budgets and staffing reports as such may be requested
by the Committee.

                       About Energy Future

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a portfolio
of competitive and regulated energy businesses in Texas.  Oncor,
an 80 percent-owned entity within the EFH group, is the largest
regulated transmission and distribution utility in Texas.

The Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth.  EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

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

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).  The Debtors are seeking to have their cases
jointly administered for procedural purposes.

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

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

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

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

An Official Committee of Unsecured Creditors has been appointed in
the case.  The Committee represents the interests of the unsecured
creditors of ONLY of Energy Future Competitive Holdings Company
LLC; EFCH's direct subsidiary, Texas Competitive Electric Holdings
Company LLC; and EFH Corporate Services Company, and of no other
debtors.  The Committee has selected Morrison & Foerster LLP and
Polsinelli PC for representation in this high-profile energy
restructuring.  The lawyers working on the case are James M. Peck,
Esq., Brett H. Miller, Esq., and Lorenzo Marinuzzi, Esq., at
Morrison & Foerster LLP; and Christopher A. Ward, Esq., Justin K.
Edelson, Esq., Shanti M. Katona, Esq., and Edward Fox, Esq., at
Polsinelli PC.



ENERGY FUTURE: Proskauer OK'd to Work with Disinterested Directors
------------------------------------------------------------------
The U.S. Bankruptcy Court authorized Energy Future Holdings Corp.,
et al., to employ Proskauer Rose LLP as counsel, nunc pro tunc to
Nov. 19, 2014.  Proskauer Rose will work under the supervision of
disinterested directors Donald L. Evans and Billie I. Williamson to
render professional services to EFH Corp.'s disinterested
directors, in connection with conflict matters.

                       About Energy Future

Energy Future Holdings Corp., formerly known as TXU Corp., is a
privately held diversified energy holding company with a portfolio
of competitive and regulated energy businesses in Texas.  Oncor,
an 80 percent-owned entity within the EFH group, is the largest
regulated transmission and distribution utility in Texas.

The Company delivers electricity to roughly three million delivery
points in and around Dallas-Fort Worth.  EFH Corp. was created in
October 2007 in a $45 billion leverage buyout of Texas power
company TXU in a deal led by private-equity companies Kohlberg
Kravis Roberts & Co. and TPG Inc.

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

The Debtors' cases have been assigned to Judge Christopher S.
Sontchi (CSS).  The Debtors are seeking to have their cases
jointly administered for procedural purposes.

As of Dec. 31, 2013, EFH Corp. reported total assets of $36.4
billion in book value and total liabilities of $49.7 billion.  The
Debtors have $42 billion of funded indebtedness.

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

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

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

An Official Committee of Unsecured Creditors has been appointed in
the case.  The Committee represents the interests of the unsecured
creditors of ONLY of Energy Future Competitive Holdings Company
LLC; EFCH's direct subsidiary, Texas Competitive Electric Holdings
Company LLC; and EFH Corporate Services Company, and of no other
debtors.  The Committee has selected Morrison & Foerster LLP and
Polsinelli PC for representation in this high-profile energy
restructuring.  The lawyers working on the case are James M. Peck,
Esq., Brett H. Miller, Esq., and Lorenzo Marinuzzi, Esq., at
Morrison & Foerster LLP; and Christopher A. Ward, Esq., Justin K.
Edelson, Esq., Shanti M. Katona, Esq., and Edward Fox, Esq., at
Polsinelli PC.



EXELIXIS: Reports Fourth Quarter Net Loss of $58 Million
--------------------------------------------------------
Exelixis, Inc. reported a net loss of $57.9 million on $7.35
million of total revenues for the three months ended Dec. 31, 2014,
compared to a net loss of $70.74 million on $4.34 million of total
revenues for the same period in 2013.

For the year ended Dec. 31, 2014, the Company reported a net loss
of $269 million on $25.1 million of total revenues compared to a
net loss of $245 million on $31.3 million of total revenues during
the prior year.

"In 2015, Exelixis anticipates multiple clinical development and
regulatory milestones that have the potential to significantly
shape our company's path forward and positively impact the
patients, clinicians and other stakeholders we serve," said Michael
M. Morrissey, Ph.D., the company's president and chief executive
officer.  "In the second quarter, we expect top-line results from
the METEOR phase 3 pivotal trial, which, if positive, would
represent considerable progress for Exelixis towards delivering a
new and meaningfully differentiated therapeutic option for patients
with mRCC.  In the third quarter, we anticipate an FDA decision on
Genentech's NDA for cobimetinib for use in combination with
vemurafenib.  Such an approval would represent both a substantial
advance for the melanoma community and a valuable opportunity for
Exelixis to work alongside Genentech to co-promote cobimetinib in
the United States."

Dr. Morrissey continued: "While Exelixis maintains its close focus
on cabozantinib's ongoing pivotal trials, our collaborators
continue to evaluate cabozantinib, and other Exelixis-discovered
compounds, in a variety of settings.  We look forward to the
planned readout and presentation of trials evaluating cabozantinib
in ovarian cancer and EGFR wild type NSCLC this year, and to the
Moffitt Cancer Center's initiation of the planned
triple-combination trial of XL888, vemurafenib, and cobimetinib.
We are steadfast in our commitment to seek to maximize the value of
our oncology assets through our clinical and commercial efforts,
and we remain grateful for our stakeholders’ support as we work
to make meaningful contributions to improving cancer care."
Fourth Quarter and Full Year 2014 Financial Results

A full-text copy of the press release is available at:

                        http://is.gd/qtGYNi

                         About Exelixis Inc.

Headquartered in South San Francisco, California, Exelixis, Inc.,
develops innovative therapies for cancer and other serious
diseases.  Through its drug discovery and development activities,
Exelixis is building a portfolio of novel compounds that it
believes has the potential to be high-quality, differentiated
pharmaceutical products.

The Company's balance sheet at Sept. 30, 2014, showed $384 million
in total assets, $442 million in total liabilities and
total stockholders' deficit of $58.5 million.


FOAMEX INT'L: Buyer Might Get Stuck with Antitrust Claims
---------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that U.S. District Judge Jack Zouhary in Cleveland
ruled on Feb. 6 that even after buying a company's assets free and
clear of claims in a typical bankruptcy sale, a purchaser can still
become liable for the seller's antitrust liability if it joins the
conspiracy after the sale.

According to the report, it seemed at first from Judge Zouhary's
opinion that new Foamex would get off scot-free, until the judge
reached allegations that the company participated in the conspiracy
after the second bankruptcy.  Judge Zouhary recited law for the
proposition that someone who joins an existing conspiracy is not
only liable for damages going forward, but also for damages from
the time the conspiracy began, the report related.

The case is In re Polyurethane Foam Antitrust Litigation,
10-md-2196, U.S. District Court, Northern District of Ohio
(Cleveland).

                    About Foamex International

Foamex International Inc. -- http://www.foamex.com/--  
headquartered in Media, Pennsylvania, produces polyurethane foam-
based solutions and specialty comfort products.  The Company
services the bedding, furniture, carpet cushion and automotive
markets and also manufactures high-performance polymers for
diverse applications in the industrial, aerospace, defense,
electronics and computer industries.

Foamex and eight affiliates first filed for Chapter 11 protection
on Sept. 19, 2005 (Bankr. Del. Case Nos. 05-12685 through
05-12693).  On Feb. 2, 2007, the U.S. Bankruptcy Court for the
District of Delaware confirmed the Debtors' reorganization plan.
The Plan became effective and the Company emerged from Chapter 11
bankruptcy on Feb. 12, 2007.

Foamex missed $7.3 million in interest payments due at the end of
the January 21 grace periods on the Company's $325 million first-
lien term loan and the $47 million second-lien term loan.

On Feb. 18, 2009, Foamex International Inc. and seven affiliates
filed separate voluntary Chapter 11 petitions (Bankr. D. Del. Lead
Case No. 09-10560), represented by lawyers at Akin Gump Strauss
Hauer and Cozen O'Connor as counsel; Houlihan Lokey as investment
banker; McGladrey & Pullen LLP as accountants; and Epiq Bankruptcy
Solutions LLC as claims and noticing agent.  The Hon. Kevin J.
Carey presided over the 2009 cases.  Lowenstein Sandler and Pepper
Hamilton LLP represented the Official Committee of Unsecured
Creditors.  As of Sept. 28, 2008, the Debtors had $363,821,000 in
assets, and $379,710,000 in debts.

As reported in the Troubled Company Reporter on May 29, 2009,
MatlinPatterson Global Advisers LLC and Black Diamond Capital
Management LLC won the bidding for Foamex's business with a
$155 million offer, along with the assumption of some liabilities.
Wayzata Capital Investment Partners LLC won the first auction for
the assets.  However, that auction was reopened, and
MatlinPatterson and Black Diamond emerged the winning bidder.


FOURTH QUARTER: Hires HDH As Financial Advisors
-----------------------------------------------
Fourth Quarter Properties 86, LLC seeks authorization from the U.S.
Bankruptcy Court for the Northern District of Georgia to employ HDH
Advisors, LLC as financial advisors for the Debtor.

The Debtor requires HDH Advisors to:

   (a) assist the Debtor and their bankruptcy counsel with matters

       relating to the bankruptcy, including, without limitation,
       attendance, as necessary, at court hearings on various
       matters as they arise, assistance with the preparation of
       the Debtor's plan of reorganization and the disclosure
       statement, discussion and negotiation of plan provisions
       with various creditors as may be necessary, preparation of
       detailed projections in support of any plan of
       reorganization, and provision of expert testimony related
       to the same;

   (b) be available to Debtor to address other matters relating to

       the operation and reorganization of Debtor's business as
       requested by Debtor's counsel or by management, including,
       without limitation, the preparation of a going concern
       valuation of the Debtor's business as necessary; and

   (c) provide any other services that may be required or
       advisable as financial advisor to the Debtors.

HDH Advisors will be paid at these hourly rates:

       Richard Gaudet             $425
       Debbie Jackson             $400
       Jessica Tally Peterson     $300
       Others                     $175-$250

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

Richard Gaudet, managing director of HDH Advisors, assured the
Court that the firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code and does not
represent any interest adverse to the Debtors and their estates.

HDH Advisors can be reached at:

       Richard Gaudet
       HDH ADVISORS, LLC
       2002 Summit Boulevard, Suite 950
       Atlanta, GA 30319
       Tel: (770) 790-5000

                        About Fourth Quarter

Fourth Quarter Properties 86, LLC, sought Chapter 11 protection
(Bankr. N.D. Ga. Case No. 15-10135) in Newnan, Georgia, on Jan. 22,
2015.  According to the docket, the Debtor's Chapter 11 plan and
disclosure statement are due May 22, 2015.

Little Suwanee Holdings, LLC, owns 95 percent of the membership
interests in the Debtor while J. Bruce Williams, Jr., holds the
remaining 5 percent.

The Debtor is represented by Ward Stone, Jr., Esq., at Stone &
Baxter LLP, in Macon, Georgia.

The Debtor estimated $10 million to $50 million in assets and $50
million to $100 million in debt.


GENIUS BRANDS: Wolverine Flagship Reports 9.9% Stake
----------------------------------------------------
Wolverine Flagship Fund Trading Limited, et al., reported
beneficial ownership of 44,800 shares of common stock and Series A
Convertible Preferred Stock convertible into 1,250,000 shares of
common stock of Genius Brands International, Inc., which represents
9.99 percent of the shares outstanding.

The Series A Convertible Preferred Stock may not be converted to
the extent that the holder or any of its affiliates would own more
than 9.99% of the outstanding common stock of the Issuer after that
conversion, and the Series A Convertible Preferred Stock may not be
voted to the extent that the holder or any of its affiliates would
control more than 9.99% of the voting power of the Issuer.

A full-text copy of the Schedule 13G/A is available at:

                        http://is.gd/jkUPLe

                        About Genius Brands

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

Genius Brands reported a net loss of $7.21 million in 2013, a net
loss of $2.06 million in 2012 and a net loss of $1.37 million in
2011.

As of Sept. 30, 2014, the Company had $18.3 million in total
assets, $3.67 million in total liabilities and $14.6 million in
total stockholders' equity.


GEO JS TECH: Has Insufficient Cash Flow from Operations
-------------------------------------------------------
GEO JS Tech Group Corp. filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q, disclosing a net loss
of $48,700 on $189,800 of net revenues for the three months ended
Dec. 31, 2014, compared to a net loss of $515,000 on $0 of net
revenues for the same period in 2013.

The Company's balance sheet at Dec. 31, 2014, showed $2.5 million
in total assets, $594,000 in total liabilities and total
stockholders' equity of $1.91 million.

The Company has an accumulated deficit of $4.29 million as of Dec.
31, 2014.  The Company also experience insufficient cash flows from
operations and will be required to raise capital to fund its
operations until it is able to generate sufficient revenue to
support the future development.  Moreover, the Company may be
continuously raising capital through the sale of debt and equity
securities.  These factors have raised substantial doubt about the
Company's ability to continue as a going concern.  There can be no
assurances that the Company will be able to obtain adequate
financing or achieve profitability.  

A copy of the Form 10-Q is available at:
                              
                       http://is.gd/RbUJ1U
                          
GEO JS Tech Group Corp. is engaged in the mining and trading of
iron ore deposits.  It holds joint ventures and licensing rights
to iron ore mines in the areas of Baja California, Mexico.  The
company, through joint ventures, holds concession rights for
Mar�as that covers approximately 364 hectares; Pilla Pao 1
property covering approximately 250 hectares; and Pilla Pao 2
property, which covers approximately 1,300 hectares.  GEO JS Tech
Group Corp. was founded in 2010 and is based in Houston, Texas.

The Company reported a net profit of $12,270 on $1.33 million of
net revenues for the three months ended June 30, 2014, compared
with a net loss of $952,310 on $2.25 million of net revenues for
the same period in 2013.

The Company's balance sheet at June 30, 2014, showed $2.8 million
in total assets, $512,373 in total liabilities and stockholders'
equity of $2.29 million.


GLOBALSTAR INC: James Monroe Reports 63.7% Stake as of Dec. 19
--------------------------------------------------------------
James Monroe III, FL Investment Holdings LLC, Thermo Funding II
LLC, and Globalstar Satellite, LP disclosed in an amended Schedule
13D filed with the U.S. Securities and Exchange Commission that as
of Dec. 19, 2014, they beneficially owned 660,996,723 shares of
common stock of Globalstar, Inc., which represents 63.75 percent
based on the number of shares of Voting Common Stock (864,378,563
shares) outstanding on Dec. 31, 2014, plus the shares that may be
issued to the Reporting Persons within 60 days upon the exercise of
stock options or warrants and the conversion of shares of Nonvoting
Common Stock into Voting Common Stock.

Mr. Monroe has served as the Company's Chairman since April 2004
and, except from July 2009 to July 2011, chief executive officer
since January 2005.

A full-text copy of the Schedule 13D is available for free at:

                        http://is.gd/NNbiQo

                       About Globalstar, Inc.

Globalstar is a leading provider of mobile satellite voice and
data services.  Globalstar offers these services to commercial and
recreational users in more than 120 countries around the world.
The company's products include mobile and fixed satellite
telephones, simplex and duplex satellite data modems and flexible
service packages.  Many land based and maritime industries benefit
from Globalstar with increased productivity from remote areas
beyond cellular and landline service.  Globalstar customer
segments include: oil and gas, government, mining, forestry,
commercial fishing, utilities, military, transportation, heavy
construction, emergency preparedness, and business continuity as
well as individual recreational users.  Globalstar data solutions
are ideal for various asset and personal tracking, data monitoring
and SCADA applications.

Globalstar reported a net loss of $591 million in 2013, a net
loss of $112 million in 2012, and a net loss of $54.9 million
in 2011.

As of Sept. 30, 2014, the Company had $1.31 billion in total
assets, $1.33 billion in total liabilities and a $14.5 million
total stockholders' deficit.


GLOBALSTAR INC: Steelhead Reports 3.5% Stake as of Dec. 31
----------------------------------------------------------
Steelhead Partners, LLC, James Michael Johnston, Brian Katz Klein,
and Steelhead Navigator Master, L.P. disclosed that as of Dec. 31,
2014, they beneficially owned 30,285,950 shares of common stock of
Globalstar, Inc., which represents 3.5 percent of the shares
outstanding.  The calculation of percentage of beneficial ownership
was derived from the Issuers quarterly report on Form 10-Q filed
with the SEC on Nov. 6, 2014, in which the issuer stated that the
number of shares of its voting common stock outstanding as of Oct.
31, 2014 was 855,827,575 shares.

Steelhead is the investment manager of Steelhead Navigator and, in
that capacity, has been granted the authority to dispose of and
vote the Securities held by Steelhead Navigator.  Steelhead
Navigator has the right to receive (or the power to direct the
receipt of) dividends received in connection with ownership of the
Securities and the proceeds from the sale of the Securities.

                       About Globalstar, Inc.

Globalstar is a leading provider of mobile satellite voice and
data services.  Globalstar offers these services to commercial and
recreational users in more than 120 countries around the world.
The company's products include mobile and fixed satellite
telephones, simplex and duplex satellite data modems and flexible
service packages.  Many land based and maritime industries benefit
from Globalstar with increased productivity from remote areas
beyond cellular and landline service.  Globalstar customer
segments include: oil and gas, government, mining, forestry,
commercial fishing, utilities, military, transportation, heavy
construction, emergency preparedness, and business continuity as
well as individual recreational users.  Globalstar data solutions
are ideal for various asset and personal tracking, data monitoring
and SCADA applications.

Globalstar reported a net loss of $591 million in 2013, a net
loss of $112 million in 2012, and a net loss of $54.9 million
in 2011.

As of Sept. 30, 2014, the Company had $1.31 billion in total
assets, $1.33 billion in total liabilities and a $14.5 million
total stockholders' deficit.


GOLDEN LAND: 37 Avenue OK's Trustee's Use of Cash Collateral
------------------------------------------------------------
Gregory Messer, Esq., the Chapter 11 Operating Trustee of the
estate of Golden Land LLC, asks the U.S. Bankruptcy Court to
approve a stipulation signed with secured creditor 37 Avenue Realty
Associates LLC, authorizing the Trustee's use of cash collateral.

The Trustee will use the cash collateral for operational expenses
of the principal and sole asset of the Debtor's estate -- certain
commercial real property located at 142-21/27 37th Avenue, Queens,
New York.

37 ARA has obtained foreclosure of the property.  As of the
petition Date, 37 ARA was owed the aggregate sum of $13,368,147,
plus applicable fees, costs and interest accruing at the rate of 9%
per annum.

                       About Golden Land LLC

Golden Land LLC owns real property located at 142-21/27 37th
Avenue, Queens, New York.  The premises is commercial investment
property, consisting of four commercial condominium units,
twenty-nine parking spaces, and eleven residential condominium
units contained in the building known as the American-Chinese Tower
Condominium and located at 142-21/27 37th Avenue, Queens, New
York.

Using financing from Chinatrust Bank, the Debtor constructed the
building in 2003 and sold 19 units over the next several years
before falling into default with its lender at the time. Chinatrust
thereafter commenced a foreclosure action in 2012, and sometime
shortly thereafter sold the loan and underlying loan documents to
37 Avenue Realty Associates LLC.  In the foreclosure action,
Lawrence Litwack was appointed receiver.

Golden Land LLC filed for Chapter 11 bankruptcy protection (Bankr.
E.D.N.Y. Case No. 14-42315) in Brooklyn, New York, on May 8, 2014.

The Debtor disclosed $15,423,997 in assets and $13,459,740 in
liabilities as of the Chapter 11 filing.

Judge Nancy Hershey Lord on July 9, 2014, entered an order
directing that the receiver remain in possession of the premises.

Xiangan Gong, Esq., at Xiangan Gong serves as the Debtor's
counsel.

Gregory Messer, the Chapter 11 Operating Trustee tapped LaMonica
Herbst & Maniscalco LLP as his counsel and Besen & Associates as
his broker.



GOOD SHEPHERD: S&P Assigns 'BB-' Rating on $88MM Refunding Bonds
----------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'BB-' long-term
rating and underlying rating (SPUR) on bonds issued for Good
Shepherd Medical Center (Good Shepherd, or GSMC), Texas by various
entities.  At the same time, Standard & Poor's removed the ratings
from CreditWatch with negative implications and assigned a positive
outlook to the ratings.  Finally, Standard & Poor's assigned its
'BB-' long-term rating, with a positive outlook, to $88 million of
series 2015A hospital refunding bonds issued for Good Shepherd by
Gregg County Health Facilities Development Corp.

"The positive outlook and affirmed 'BB-' ratings reflect our view
of Good Shepherd's stabilizing operating situation, and the $69
million sale and leaseback of nine medical office buildings
completed in December 2014," said Standard & Poor's credit analyst
Karl Propst.  "Improved operations were supported by various
revenue and expense initiatives that continue to be implemented,
and monetization of the office buildings improved Good Shepherd's
cash position and provides funding for growth."

More specifically, the 'BB-' ratings reflect S&P's view of:

   -- Volume declines during the past two years;

   -- Good Shepherd's system-level operating and excess losses in
      fiscal 2014 (unaudited) and through the three months ended
      Dec. 31 that S&P expects will continue at least through
      fiscal 2015 (year-end Sept. 30);

   -- The elevated debt burden and weak pro forma coverage of
      maximum annual debt service;

   -- Improved, but just adequate, unrestricted reserves and days'

      cash on hand; and

   -- Very limited capital spending, which, while necessary for
      the preservation of cash, has resulted in an increasing age
      of plant.

Bond proceeds will refinance $80 million of series 2012A and 2012B
direct purchase bonds held by JP Morgan Chase Bank and Wells Fargo,
and will additionally fund an $8.8 million debt service reserve.



GROUPON INC: Posts $63.9-Million Net Loss in 2014
-------------------------------------------------
Groupon Inc. filed with the U.S. Securities and Exchange Commission
its annual report on Form 10-K for the fiscal year ended Dec. 31,
2014.

The Company reported a net loss of $63.9 million on $3.19 billion
of total revenue for the year ended Dec. 31, 2014, compared with a
net loss of $88.9 million on $2.57 billion of total revenue in the
prior year.

The Company's balance sheet at Dec. 31, 2014, showed $2.23 billion
in total assets, $1.46 billion in total liabilities and total
equity of $765 million.

For the year ended Dec. 31, 2013, the Company recorded an $85.5
million other-than-temporary impairment of its investments in
F-tuan.  F-tuan has operated at a loss since its inception and has
used proceeds from equity offerings to fund investments in
marketing and other initiatives to grow its business.  The Company
participated in an equity funding round in 2013 and the aggregate
cash proceeds raised by F-tuan in that round, which were funded in
two installments in September and October 2013 and included
proceeds received from another investor, were intended to fund its
operations for approximately six months, at which time additional
financing would be required.  In December 2013, the Company was
notified by F-tuan's largest shareholder, which had served as a
source of funding and operational support, that they had made a
strategic decision to cease providing support to F-tuan.  At its
Dec. 12, 2013 meeting, the Company's Board of Directors discussed
the Company's strategy with respect to the Chinese market in light
of this information.  After that meeting, management pursued
opportunities to divest its minority investment in F-tuan either
for cash or in exchange for a minority equity investment in a
larger competitor, but no agreement was ultimately reached.  At its
Feb. 11, 2014 meeting, the Board of Directors determined that the
Company should not provide funding to F-tuan in future periods.  At
that time, F-tuan required additional financing to continue its
operations.  Given the uncertainty as to whether it would be able
to obtain such financing and the Company's decision not to provide
significant funding itself, the Company concluded that there was
substantial doubt as to F-tuan's ability to operate as a going
concern for the foreseeable future.

A copy of the Form 10-K is available at:
                              
                       http://is.gd/i2AIbq
                          
                        About Groupon Inc.

Chicago-based Groupon Inc. (NASDAQ: GRPN)-- http://www.groupon.com

-- features a daily deal on the best stuff to do, eat, see and buy
in 48 countries around the world.  Groupon works with selected
business partners to create a win-win proposition for business and
consumers, delivering more than 1,000 daily deals globally.


GT ADVANCED: Court Denies Faloh's Plea to Form Equity Committee
---------------------------------------------------------------
The Hon. Henry J. Boroff of the U.S. Bankruptcy Court for the
District of New Hampshire denied the request to appoint an official
committee of equity security holders for the Chapter 11 case of GT
Advanced Technologies Inc. and its debtor-affiliates filed by T.
Richard Faloh.

                  About GT Advanced Technologies

Headquartered in Merrimack, New Hampshire, GT Advanced Technologies
Inc. -- http://www.gtat.com/-- produces materials and equipment
for the electronics industry.  On Nov. 4, 2013, GTAT announced a
multiyear supply deal with Apple Inc. to produce sapphire glass
material for use in consumer electronics products.

Under the deal, Apple would provide GTAT with a prepayment of
approximately $578 million paid in four installments and, starting
in 2015, GTAT would reimburse Apple for the prepayment over a
five-year period.

GT is a publicly held corporation whose stock was traded on NASDAQ
under the ticker symbol "GTAT."  GTAT was de-listed from the NASDAQ
stock exchange in October 2014.

As of June 28, 2014, the GTAT Group's unaudited and consolidated
financial statements reflected assets totaling $1.5 billion and
liabilities totaling $1.3 billion.  As of Sept. 29, 2014, GTAT had
$85 million in cash, $84 million of which is unencumbered.

On Oct. 6, 2014, GT Advanced Technologies and eight affiliates
filed voluntary petitions for relief under Chapter 11 of the United
States Bankruptcy Code (Bankr. D.N.H. Lead Case No. 14-11916).  GT
says that it has sought bankruptcy protection due to a severe
liquidity crisis brought about by its issues with Apple.

The Debtors have tapped Nixon Peabody LLP and Paul Hastings LLP as
attorneys and Kurtzman Carson Consultants LLC as claims and
noticing agent.

The U.S. Trustee has named seven members to the Official Committee
of Unsecured Creditors.  The Committee' professionals are Kelley
Drye as its bankruptcy counsel; Devine, Millimet & Branch,
Professional Association as local counsel; EisnerAmper LLP as
financial advisors; and Houlihan Lokey Capital, Inc. as investment
banker.

GTAT has reached a settlement with Apple.  The settlement gives
Apple an approved claim for $439 million secured by more than 2,000
sapphire furnaces that GT Advanced owns and has four years to sell,
with proceeds going to Apple.  In addition, Apple gets
royalty-free, non-exclusive licenses for GTAT's technology.


GT ADVANCED: Court Won't Reconsider KEIP Denial Order
-----------------------------------------------------
The U.S. Bankruptcy Court denied the motion for reconsideration of
order denying GT Advanced Technologies, Inc., et al.'s motion to
implement a key employee incentive plan and key employee retention
plan.

The Court said that the motion filed by the Debtors, and the
Official Committee of Unsecured Creditors was a rehash of arguments
previously made, with but a promise of new evidence to come.  Under
those circumstances, reconsideration is not appropriate, the Court
ruled.

The parties, in their motion, requested that the Court reconsider
the order entered on Feb. 6, 2015.  The parties noted three reasons
for the relief:

   1. the Court erred in substituting its own judgment for the
factually uncontroverted reasonable business judgment of the
Debtors when the Court denied both the Modified KERP and the
Modified KEIP;

   2. the parties submit that the Court erred by applying a
heightened legal standard under Section 503(c)(1) in determining
that the Modified KEIP is a disguised retention plan despite
uncontroverted evidence that the Debtors, in consultation with
their creditors, have constructed a plan whose primary purpose is
to incentivize performance and maximize value for all stakeholders.


   3. GTAT expects to submit new evidence prior to or at a hearing
on the motion for reconsideration.

                   About GT Advanced Technologies

Headquartered in Merrimack, New Hampshire, GT Advanced
Technologies Inc. -- http://www.gtat.com/-- produces materials and
equipment for the electronics industry.  On Nov. 4, 2013, GTAT
announced a multiyear supply deal with Apple Inc. to produce
sapphire glass material for use in consumer electronics products.

Under the deal, Apple would provide GTAT with a prepayment of
approximately $578 million paid in four installments and, starting
in 2015, GTAT would reimburse Apple for the prepayment over a
five-year period.

GT is a publicly held corporation whose stock was traded on NASDAQ
under the ticker symbol "GTAT."  GTAT was de-listed from the
NASDAQ stock exchange in October 2014.

As of June 28, 2014, the GTAT Group's unaudited and consolidated
financial statements reflected assets totaling $1.5 billion and
liabilities totaling $1.3 billion.  As of Sept. 29, 2014, GTAT had
$85 million in cash, $84 million of which is unencumbered.

The Debtor disclosed $29,101,007 in assets and $434,000,000 in
liabilities as of the Chapter 11 filing.

On Oct. 6, 2014, GT Advanced Technologies and eight affiliates
filed voluntary petitions for relief under Chapter 11 of the
United States Bankruptcy Code (Bankr. D.N.H. Lead Case No.
14-11916).  GT says that it has sought bankruptcy protection due to
a severe liquidity crisis brought about by its issues with Apple.

The Debtors have tapped Nixon Peabody LLP and Paul Hastings LLP as
attorneys and Kurtzman Carson Consultants LLC as claims and
noticing agent.

The U.S. Trustee has named seven members to the Official Committee
of Unsecured Creditors.  The Committee' professionals are Kelley
Drye as its bankruptcy counsel; Devine, Millimet & Branch,
Professional Association as local counsel; EisnerAmper LLP as
financial advisors; and Houlihan Lokey Capital, Inc. as investment
banker.

GTAT has reached a settlement with Apple.  The settlement gives
Apple an approved claim for $439 million secured by more than
2,000 sapphire furnaces that GT Advanced owns and has four years to
sell, with proceeds going to Apple.  In addition, Apple gets
royalty-free, non-exclusive licenses for GTAT's technology.



HALCON RESOURCES: Reports 2014 Year-End Proved Reserves
-------------------------------------------------------
Halcon Resources Corporation reported its 2014 year-end proved
reserves, announced preliminary fourth quarter/full-year 2014
production results and provided additional updates.

Proved Reserves

The Company's estimated proved reserves as of Dec. 31, 2014, were
approximately 189.1 million barrels of oil equivalent (MMBoe),
representing approximately 60% reserve growth on a pro forma basis.
Year-end 2014 estimated proved reserves were 82% oil, 9% natural
gas liquids (NGLs) and 9% natural gas on an equivalent basis.  Of
total estimated proved reserves, 74% were in the Williston Basin,
22% were in the East Texas Eagle Ford and 4% were in other areas.
Year-end 2014 estimated proved reserves were approximately 93%
Company-operated and 41% proved developed.

Halcon's estimated proved reserves at Dec. 31, 2014, were prepared
by the independent reserve engineering firm Netherland, Sewell and
Associates, Inc. in accordance with Securities and Exchange
Commission guidelines using NYMEX prices of $94.99 per barrel (Bbl)
for oil and $4.35 per million British Thermal Units (MMBtu) for
natural gas, before adjustments for energy content, quality,
midstream fees and basis differentials.

                    Preliminary Fourth Quarter and
                   Full-Year 2014 Production Results

The Company expects to report production for the three months and
year ended Dec. 31, 2014, of approximately 46,000 barrels of oil
equivalent per day (Boe/d) and 42,000 Boe/d, respectively.  On a
pro forma basis, Halcón estimates production growth of
approximately 37% and 65% for the fourth quarter and full-year
2014, respectively, versus the comparable periods of 2013.  Fourth
quarter production is estimated to be 81% oil, 9% NGLs and 10%
natural gas.  Full-year 2014 production is estimated to be 83% oil,
7% NGLs and 10% natural gas.

Impairment Estimate

The Company estimates that it will record non-cash pre-tax
impairment charges totaling $150 - $250 million in the fourth
quarter of 2014.

Liquidity Update

As of Dec. 31, 2014, Halcon's liquidity was approximately $553
million, which consisted of cash on hand plus undrawn capacity on
its senior secured revolving credit facility.

Operational Update

The Company is currently operating 3 rigs across its holdings and
there are currently 26 wells being completed or waiting on
completion.  Halcon is focused on continuing to reduce costs in the
current commodity price environment.

Bakken/Three Forks

The Company operated an average of 3 rigs and 3.5 rigs in the
Williston Basin during the fourth quarter and full year 2014,
respectively.

Halcon spudded 11 wells and put 5 wells online in the Williston
Basin during the three months ended Dec. 31, 2014.  The Company
also participated in 88 non-operated wells during the quarter with
an average working interest of approximately 3%.

For the full year 2014, Halcon spudded 53 wells and put 59 wells
online in the Williston Basin.  The Company also participated in
263 non-operated wells during the year with an average working
interest of approximately 5%.

As a result of several drilling and completion modifications, well
results improved throughout 2014.  Halcón estimates it produced an
average of approximately 28,900 Boe/d in the Williston Basin in
2014, representing an increase of 57% compared to 2013.

The Company plans to concentrate its efforts primarily in its
highest return area (Fort Berthold) in 2015 and anticipates
spending approximately 65% of its total drilling and completions
budget in the Williston Basin.

Halcon is negotiating with its service providers and continues to
modify its drilling and completions techniques in an effort to
improve recoveries and reduce costs.  Completed well costs have
come down more than 20% compared to the fourth quarter 2014 average
and the current authorization for expenditure (AFE) is averaging
approximately $8.5 million for wells drilled on its acreage in the
Fort Berthold area.  The Company anticipates well costs will trend
down by 10% or more in this area by mid-year 2015.

Halcon currently has working interests in approximately 127,000 net
acres prospective for the Bakken and Three Forks formations in the
Williston Basin, substantially all of which is held by production
(HBP).  The Company plans to operate an average of 2 rigs and spud
25 to 30 gross operated wells in 2015 with an average working
interest of approximately 57%.  Halcón also expects to participate
in 85 to 95 gross non-operated wells in 2015 with an average
working interest of approximately 4%.

The Company is the operator of 172 producing Bakken wells and 53
Three Forks wells.  Halcon currently has 14 Bakken wells and 4
Three Forks wells being completed or waiting on completion on its
operated acreage.

"El Halcon" - East Texas Eagle Ford

The Company operated an average of 3 rigs and 3.25 rigs in El
Halcón during the fourth quarter and full year 2014, respectively.
Halcón spudded 11 wells and put 10 wells online in the play
during the three months ended Dec. 31, 2014.  For the full year
2014, the Company spudded 42 wells and put 45 wells online.

Halcon estimates it produced an average of approximately 8,600
Boe/d in El Halcon in 2014, representing an increase of 136%
compared to 2013.

The Company has undertaken several cost reduction initiatives in an
effort to lower completed well costs in the current commodity price
environment.  For example, Halcón is planning to insource certain
drilling and completion services that have historically been
outsourced to service providers.  The current AFE is averaging
approximately $8 million per well for a three-string well, which
represents an improvement of approximately 20% compared to the
fourth quarter of 2014.  Current expectations are for completed
well costs to continue to trend down by 10% or more by mid-year
2015.  The Company anticipates another 10% to 15% reduction in
completed well costs as it transitions into development mode in
2016.

Halcon currently has working interests in approximately 101,000 net
acres prospective for the Eagle Ford formation in East Texas,
approximately 75% of which are expected to be HBP by year-end 2015.
The Company plans to operate 1 rig and spud 12 to 15 gross
operated wells in 2015 with an average working interest of
approximately 77%.  Halcón anticipates spending approximately 35%
of its total drilling and completions budget in the play in 2015.

There are currently 89 Company-operated East Texas Eagle Ford wells
producing and 5 Halcon-operated wells being completed or waiting on
completion.

2015 Guidance Update

The Company is reducing its 2015 drilling and completion budget by
an additional $25 million to account for lower service cost
expectations.  Halcon is also reaffirming all other previously
disclosed 2015 guidance.  

A complete copy of the press release is available for free at:

                         http://is.gd/kenJve

                       About Halcon Resources

Halcon Resources Corporation acquires, produces, explores and
develops onshore liquids-rich assets in the United States.  This
independent energy company operates in the Bakken/Three Forks, El
Halcon and Tuscaloosa Marine Shale formations.

As of Sept. 30, 2014, Halcon Resources had $5.93 billion in total
assets, $3.59 billion in total liabilities, $110.70 million in
redeemable noncontrolling interest, and $1.51 billion in total
stockholders' equity.

                          *     *      *

As reported by the TCR on Jan. 27, 2015, Moody's Investors Service
downgraded Halcon Resources Corporation's Corporate Family Rating
(CFR) to Caa1 from B3 and the Probability of Default Rating to
Caa1-PD from B3-PD.  The downgrade reflects growing risk for
Halcon's business profile because of high financial leverage and
limited liquidity as its existing hedges roll-off and stop
contributing to its borrowing base over the next 12-18 months.

In the June 30, 2014, Standard & Poor's Ratings Services affirmed
all its ratings, including its 'B' corporate credit rating, on
Houston-based Halcon Resources Corp.


HERCULES OFFSHORE: James Noe Quits as Executive Vice President
--------------------------------------------------------------
James W. Noe resigned his position as executive vice president of
Hercules Offshore, Inc., effective March 2, 2015, according to a
document filed with the Securities and Exchange Commission.

                       About Hercules Offshore

Hercules Offshore Inc. (NASDAQ: HERO) --
http://www.herculesoffshore.com/-- provides shallow-water    
drilling and marine services to the oil and natural gas
exploration and production industry in the United States, Gulf of
Mexico and internationally.  The Company provides these services
to integrated energy companies, independent oil and natural gas
operators and national oil companies.  The Company operates in six
business segments: Domestic Offshore, International Offshore,
Inland, Domestic Liftboats, International Liftboats and Delta
Towing.

Hercules incurred a net loss of $68.1 million in 2013, a net loss
of $127 million in 2012 and a net loss of $76.1 million in 2011.
As of Sept. 30, 2014, the Company had $2.19 billion in total
assets, $1.42 billion in total liabilities and $767 million in
stockholders' equity.

                           *     *     *

The Troubled Company Reporter reported on April 11, 2013, that
Moody's Investors Service upgraded Hercules Offshore's Corporate
Family Rating to 'B2' from 'B3'.  Hercules' B2 CFR is supported by
its improved cash flow and lower leverage on the back of increased
drilling activity and higher day-rates in the Gulf of Mexico.

As reported by the TCR on Dec. 30, 2014, S&P lowered its corporate
credit rating on Hercules Offshore Inc. to 'B-' from 'B'.  The
downgrade reflects S&P's estimate for increased leverage as a
result of lower day-rates and utilization for the company's
offshore rigs, both in the company's Domestic Offshore and
International Offshore segments.  S&P's estimates of lower
utilization and day-rates are a result of S&P's expectation of
decreased offshore drilling given lower oil prices.  S&P now
expects FFO to debt to be below 12% and debt to EBITDA to exceed
5x in 2015.


HTH LEARNING: Fitch Affirms 'BB+' Rating on Series 2008A Bonds
--------------------------------------------------------------
Fitch Ratings has affirmed the ratings for the series 2008A (Media
Arts) and 2008B (Chula Vista) educational facility revenue bonds
(together, the 'pledged schools') issued by the California
Municipal Finance Authority on behalf of HTH Learning (HTHL) at
'BB+' and 'BB', respectively:

   -- $4,440,000 (High Tech High projects) series 2008A (Media
      Arts);

   -- $18,520,000 (High Tech High projects) series 2008B (Chula
      Vista).

The Rating Outlook is Stable for both.

SECURITY

Lease payments received by HTHL from High Tech High Media Arts
(HTHMA) secure the series 2008A bonds.  Lease payments received by
HTHL from High Tech High Chula Vista (HTHCV) secure the series
2008B bonds.  HTHCV's series 2008B bonds also have a subordinate
pledge of up to $600,000 annually from revenues generated by
certain other HTHL schools, as well as a mortgage lien on the Chula
Vista facility.  Both bond series have a cash-funded debt service
reserve.

KEY RATING DRIVERS

SPECULATIVE-GRADE CHARACTERISTICS: The 'BB+' and 'BB' ratings,
respectively, reflect HTHMA and HTHCV's speculative-grade financial
attributes, including high debt burdens, low balance sheet ratios
consistent with the rating categories, and positive but modest debt
service coverage.

SEPARATELY SECURED BONDS: The series 2008A and the 2008B bonds are
separately secured, warranting the distinct ratings.  Fitch views
HTHCV's credit profile (high debt burden and a debt service
subsidy) as weaker than HTHMA's, supporting the one-notch rating
distinction.

At Fitch's 2014 rating review, the security pledge for the 2008AB
bonds was expected to change upon refinancing of HTHL's outstanding
2005 bonds on or before December, 2014.  However, the organization
restated and extended the 2005 bonds, but did not technically
refinance them.  As such, the security pledge for the 2008AB bond
remains unchanged.

SOLID DEMAND: Both HTHMA and HTHCV have demonstrated solid demand,
supported by a net-work of HTHL elementary and middle school
campuses that feed into the two high schools.

LIMITED FINANCIAL FLEXIBILITY: Despite solid academic performance
and favorable enrollment trends, both HTHMA and HTHCV operate in
improving but still constrained financial environments.  HTHCV
relies on a debt service subsidy, although that subsidy began
moderating in fiscal 2013.  Both schools are heavily dependent on
state per-pupil funding, and both have very limited balance
sheets.

RATING SENSITIVITIES

STANDARD CHARTER RENEWAL RISK: A limited financial cushion;
substantial reliance on enrollment-driven, per pupil funding; and
charter renewal risk are credit concerns common among all charter
school transactions that, if pressured, could negatively impact the
ratings.

OPERATING PERFORMANCE: Weakened debt service coverage or operating
performance for either HTHMA or HTHCV, which is not presently
expected, could negatively stress the respective rating.

CREDIT PROFILE

HTHL is the non-profit parent of several affiliates, including HTH,
which operates 12 charter schools.  The various schools operate on
three campuses, with each campus housing a complement of
elementary, middle and high schools to provide academic services.
The organization received a large gift in fiscal 2014, allowing it
to purchase a former public school site for a prospective 4th
campus housing K-12 students.  At this time management does not
expect enrollment on that campus for 3-4 years.  Each HTH charter
school uses a project-based learning model, whereby classroom
projects weave science, math, literature, history, art and other
academic subjects together.  HTHL owns the facilities leased to the
respective charter schools, and provides supervision, oversight and
coordination across its affiliated charter schools.

All affiliate charter schools operate in San Diego County, CA, and
management expects that geographic focus to continue.  All of
HTHL's charter schools are authorized by either the San Diego
Unified School District (SDUSD) or under a statewide benefit
charter from the State Board of Education (SBE).

HTHCV is one of the SBE-authorized schools and opened in fall 2007.
It serves over 620 grade 9-12 students.  The school operates under
a five-year charter which extends through June, 2017.  SBE reports
a positive working relationship with HTHCV.

HTHMA serves about 400 grade 9-12 students at the HTH Village in
San Diego, and is one of several HTH schools located on a campus on
a former Navy base in Pt. Loma.  It was founded in fall 2005, and
operates under a charter from San Diego Unified School District
(SDUSD); the current five-year charter extends through 2019.  The
district reports a positive working relationship with HTHMA.

PLEDGED SCHOOLS FINANCIALLY STABLE

The pledged schools maintained breakeven to positive operating
margins over the past few years, even in years with state per-pupil
aid reductions.  Per-pupil aid is the dominant funding source for
the schools, as is typical in California and with charter schools
in general.  Modest state per-pupil funding increases began in
fiscal 2013, and continued in 2014 (about 3%-5% depending on the
school) and 2015 (about 12%), and management estimates an 8%
increase for fiscal 2016.  Fitch views the improved per-pupil
funding environment, combined with solid demand and stable
enrollment, as supporting positive operating performance.

HTHMA generated a break-even or modestly positive margin in each of
the past five fiscal years.  The fiscal 2014 results were at
breakeven (negative $9,000, or a margin of negative 0.2%).
Management reported this slimmer result (margins have been closer
to 2%-4% in recent years) was due to a one-time purchase of
computer equipment; margins for fiscal 2015 are projected to be
positive and closer to recent norms.  Coverage in fiscal 2014 of
$620,000 annual debt service (equivalent to MADS and the annual
HTHL lease obligation) remains positive; fiscal 2014 coverage was
2.1x.  TMADS debt burden remains high at 17.0% in fiscal 2014.

HTHCV receives a subsidy from other HTHL schools (the various Point
Loma facilities) to meet its annual Transactional Maximum Annual
Debt Service (TMADS) obligation of $1.2 million.  With that subsidy
operations are consistently close to break-even, and debt service
coverage is modestly positive (1.1x in fiscal 2014).  In fiscals
2013 and 2014, the subsidy was lowered to $450,000 from the pledged
$600,000 due to stronger operations at HTHCV; management projects
that the subsidy may be $400,000 in fiscal 2016.  The Point Loma
facilities have ample capacity to continue the subsidy.  Fitch
views the moderating level of subsidization favorably.

SLIM BALANCE SHEETS

The balance sheet cushions at each of the schools remain extremely
light relative to the rating category.  Liquidity remains a
significant credit concern, as is the case for many other
Fitch-rated charter schools.  For HTHCV, available funds (AF;
unrestricted cash and investments) on June 30, 2014 was an improved
but still slim $858,000, equal to 15.5% of expenses and 4.7% of
debt.  For HTHMA, AF improved to $372,000, still a slim 10.2% of
expenses and 8.5% of debt.  HTH management reports that liquidity
is managed on a pooled basis at the HTHL and Affiliates level.

At June 30, 2014, AF for HTH Learning and Affiliates was
approximately $12.5 million, up from $8.7 million the prior year.
This value in fiscal 2014 excludes a $22 million capital gift, and
a $7.0 gift recorded as net assets released from restrictions.  AF
in fiscal 2014 was equal to 28% of expenses and 13.9% of proforma
debt ($90.4 million, including the $22.9 million series 2008A and B
bonds).  Fitch included an $8.0 million bank line in the proforma
debt calculation.  While HTHL and Affiliate's balance sheet is
stronger than that of the pledged schools, not all is pledged or
available for series 2008A or 2008B debt service.

STRONG STUDENT DEMAND

Strong student demand at the pledged schools supports operating
performance.  At HTHMA, enrollment for fall 2014 remained stable,
with 400 students.  The school is intentionally working to reduce
enrollment closer to pre-recession/fiscal 2008 levels; it had
increased enrollment slightly when state per-pupil funding was cut.
At HTHCV, enrollment increased to 626 in fall 2014, even though
the school was also trying to reduce it.  Management reports that
enrollment at HTHMA is consistent with budget, and enrollment at
HTHCV is over budget.  Both schools are routinely over-scribed with
2-3 times the applications for every available seat. As such, they
use lotteries to select students.

MIXED DEBT BURDEN RATIOS

HTHMA's debt burden is consistently high but manageable at about
17% of operating revenues.  Fitch bases this calculation on the
$620,000 annual lease payment due to HTHL.  Actual series 2008A
bond debt service is less.  In fiscal 2014, MADS was 7x net income
available for debt service, a level more favorable than most
Fitch-rated charter schools.

HTHCV's ratios are substantially weaker, reflecting the younger age
of the school, higher debt leverage, and reliance on a pledged debt
service subsidy from other HTH charter schools at the Point Loma
campus.  Transaction MADS represented 22% of fiscal 2014 operating
revenues, consistent with the prior two years, which Fitch
considers very high.  Similarly, total debt represented a high
12.7x net available income.



HYDROCARB ENERGY: Revises 2013 Form 10-K to Address SEC Comments
----------------------------------------------------------------
Duma Energy Corp. on Nov. 13, 2013, filed its annual report on Form
10-K for its fiscal year ended July 31, 2013.  On May 27, 2014, the
Company received a comment letter from the Securities and Exchange
Commission concerning this filing.  In response to this comment
letter, the Company has amended the Original Form
10-K.  Revisions to the Original Form 10-K are made in the
following areas.

ITEM 1 Production and Price History

Addition of production by product by field for each of the three
years ended July 31, 2013

ITEM 1. Government Regulation

Addition of the costs and effects of compliance with environment
laws

ITEM 7. Plan of Operations

Removal of reference to estimated oil quantity in Namibia
concession

ITEM 7. Results of Operations

* Enhanced discussion of revenue fluctuations from 2012 to 2013

ITEM 8. Note 6 Asset Retirement Obligation

* Addition of a summary of the anticipated timing and types of  
   properties related to the asset retirement obligation at July
   31, 2013

ITEM 8. Note 12 - Commitments and Contingencies

* Additional disclosures related to legal proceedings the Company

   is involved with at July 31, 2013

ITEM 8. Note 15 - Supplemental Oil and Gas Information (Unaudited)

* Removal of references to natural gas liquids, as the Company
   does not produce those liquids

ITEM 8. Note 15 - Supplemental Oil and Gas Information (Unaudited)

* Addition of a discussion for significant changes in reserve
   quantities during the year ended July 31, 2013

ITEM 8. Note 15 - Supplemental Oil and Gas Information (Unaudited)

* Additional disclosures relating to the treatment of future  
   abandonment costs

ITEM 13. Certain Relationships and Related Transactions and
         Director Independence

* Identification by name of all referenced individuals

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

                       http://is.gd/Ni211t

Hydrocarb separately filed an amended quarterly report for the
period ended Jan. 31, 2014, in response to a comment received from
the SEC concerning the filing.  The amendment includes additional
disclosures concerning the Company's Legal Proceedings in Part II,
Item 1.  

For the three months ended Jan. 31, 2014, Hydrocarb reported a net
loss of $1.27 million on $989,700 of revenues compared to a net
loss of $721,000 on $1.68 million of revenues for the same period
in 2013.

For the six months ended Jan. 31, 2014, the Company reported a net
loss of $2.86 million on $2.82 million of revenues compared to a
net loss of $35.5 million on $3.71 million of revenues for the same
period last year.

As of Jan. 31, 2014, the Company had $27.04 million in total
assets, $14.3 million in total liabilities and $12.8 million in
total equity.

A copy of the Form 10-Q/A is available for free at:

                        http://is.gd/jL6jWi

                      About Hydrocarb Energy

Hydrocarb Energy, formerly known as Duma Energy Corp, is a
publicly-traded Domestic and International energy exploration and
production company targeting major under-explored oil and gas
projects in emerging, highly prospective regions of the world.
With exploration concessions in Africa, production in Galveston
Bay and Oil Field Services in the United Arab Emirates, the
Company maintain offices in Houston, Texas, Abu Dhabi, UAE and
Windhoek, Namibia.

Hydrocarb Energy reported a net loss of $6.55 million on $5.06
million of revenues for the year ended July 31, 2014, compared to
a net loss of $37.5 million on $7.07 million of revenues for the
year ended July 31, 2013.

"A decline in the price of our common stock could result in a
reduction in the liquidity of our common stock and a reduction in
our ability to raise additional capital for our operations.
Because our operations to date have been largely financed through
the sale of equity securities, a decline in the price of our
common stock could have an adverse effect upon our liquidity and
our continued operations.  A reduction in our ability to raise
equity capital in the future could have a material adverse effect
upon our business plan and operations, including our ability to
continue our current operations," the Company stated in its
Annual Report for the year ended July 31, 2014.


IDEARC INC: Supreme Court Refuses to Hear $9.8B Suit vs. Verizon
----------------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that the U.S. Supreme Court refused to allow an
appeal from a Texas district court dismissing the $9.8 billion
lawsuit by creditors of Idearc Inc. against former parent Verizon
Communications Inc.

According to the Bloomberg bankruptcy columnists, the case is
important because the U.S. Court of Appeals in New Orleans, in
upholding the district court's dismissal, wrote an opinion that can
be understood to mean creditors in a bankruptcy aren't entitled to
a jury trial when they file fraudulent-transfer suits against other
creditors who filed claims.

A three-judge panel of the U.S. Court of Appeals for the Fifth
Circuit upheld the district court's findings that Idearc Inc. was
solvent at the time of its 2006 spin-off from parent Verizon
Communication.

In March 2009, in the throes of the recession that began in 2008,
Idearc filed for bankruptcy protection pursuant to Chapter 11. The
confirmed plan of reorganization created a litigation trust to
pursue, inter alia, Idearc's fraudulent transfer claims against
Verizon and related parties.  The Trustee, U.S. Bank, National
Association, filed a lawsuit against Verizon and two of its
subsidiaries, GTE Corporation and Verizon Financial Services,
L.L.C., and against former Idearc director John W. Diercksen,
alleging various federal and state law claims in connection with
the spin-off.

U.S. Bank, as Trustee, requested a jury trial, but the district
court struck the jury demand and bifurcated the trial into two
phases.  For the first phase, the district court held a ten-day
bench trial on a single fact issue: the value of Idearc following
the spin-off transaction.  The district court found that Idearc
was solvent on the date of the spin-off, and it ordered the
Trustee to show cause as to why the district court should not
enter judgment against the Trustee on all of its remaining claims.
After the parties submitted briefing, the district court issued
its conclusions of law and entered judgment against the Trustee.
     
The case is U.S. Bank NA v. Verizon Communications Inc., 14-718,
U.S. Supreme Court.  The circuit court appeal was U.S. Bank NA v.
Verizon Communications Inc., 13-10752, U.S. Court of Appeals for
the Fifth Circuit (New Orleans).  The lawsuit in Dallas was U.S.
Bank NA v. Verizon Communications Inc., 10-01842, U.S. District
Court, Northern District of Texas (Dallas).

                       About Idearc Inc.

Headquartered in D/FW Airport, Texas, Idearc, Inc., now known as
SuperMedia Inc., is the second largest U.S. yellow pages
publisher.  Idearc was spun off from Verizon Communications, Inc.
Idearc and its affiliates filed for Chapter 11 protection (Bankr.
N.D. Tex. Lead Case No. 09-31828) on March 31, 2009.  The Debtors'
financial condition as of Dec. 31, 2008, showed total assets of
$1,815,000,000 and total debts of $9,515,000,000.  Toby L. Gerber,
Esq., at Fulbright & Jaworski, LLP, represented the Debtors in
their restructuring efforts.  The Debtors tapped Moelis & Company
as their investment banker; Kurtzman Carson Consultants LLC as
their claims agent.

William T. Neary, the United States Trustee for Region 6,
appointed six creditors to serve on the official committee of
unsecured creditors.  The Committee selected Mark Milbank, Tweed,
Hadley & McCloy LLP, as counsel, and Haynes and Boone, LLP, co-
counsel.

Idearc completed its debt restructuring and its plan of
reorganization became effective as of Dec. 31, 2009.  In
connection with its emergence from bankruptcy, Idearc changed its
name to SuperMedia Inc.  Under its reorganization, Idearc reduced
its total debt from more than $9 billion to $2.75 billion of
secured bank debt.

                         About SuperMedia

SuperMedia Inc. and three affiliates sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 13-10545) on March 18, 2013, to
effectuate a merger of equals with Dex One Corp.  SuperMedia
disclosed total assets of $1.4 billion and total debt of $1.9
billion.

Morgan Stanley & Co. LLC is acting as financial advisors to
SuperMedia, and Cleary Gottlieb Steen & Hamilton LLP and Young
Conaway Stargatt & Taylor, LLP are acting as its legal counsel.
Fulbright & Jaworski L.L.P is special counsel.  Chilmark Partners
Is acting as financial advisor to SuperMedia's board of directors.
Epiq Systems serves as claims agent.


IHEARTCOMMUNICATION INC: Fitch Affirms 'CCC' Issuer Default Rating
------------------------------------------------------------------
Fitch Ratings has affirmed the Issuer Default Rating (IDR) of
iHeartCommunications, Inc. at 'CCC' and the IDR of Clear Channel
Worldwide Holdings, Inc. (CCWW) at 'B'.  CCWW is an indirect,
wholly-owned subsidiary of Clear Channel Outdoor Holdings, Inc.
(CCOH) and iHeart's 90%-owned outdoor advertising subsidiary.  Note
that Fitch has removed the Negative Outlook for iHeart as per Fitch
criteria.  CCWW's Rating Outlook remains Stable.  Fitch's rating
action is driven by iHeart's recent bond issuance (Priority
Guarantee Notes [PGNs] due 2023) and resultant reduction in 2016
maturities.

On Feb. 19, 2015, iHeart priced an offering of $950 million of
10.625% priority guarantee notes (PGN) due 2023 (the issuance was
upsized from initial guidance of $550 million.)  Proceeds are to be
used to fully prepay remaining amounts outstanding and due in 2016
under its term loan B ($916.1 million) and term loan C asset sale
facility ($15.2 million) and to pay accrued and unpaid interest and
associated offering fees.  Fitch views the transaction favorably as
it significantly reduces iHeart's 2016 maturity wall, which
compensates for the expected increase in total interest expense.

With the successful refinancing of its term loan maturities, iHeart
now has only $193 million of remaining 2016 maturities. These
maturities can be addressed using several levers available to the
company, including cash on hand (approximately $271 million as of
Dec. 2014 excluding cash at CCOH), a $535 million asset-based
lending (ABL) facility (subject to an undisclosed borrowing base
and a total leverage covenant), or non-core asset sales (iHeart
recently announced the sale of non-core tower assets for
approximately $400 million).

Although iHeart no longer carries a Negative Outlook, this is most
likely a temporary reprieve as two significant issues remain. Fitch
calculates annual pro forma interest expense of approximately $1.7
billion which, when combined with expected cash taxes and capital
expenditures results in negative free cash flow (FCF) for at least
the next two years.  The second involves ability to address
intermediate term debt maturities: $909 million matures in 2018
while $8.3 billion matures in 2019.

KEY RATING DRIVERS

   -- The ratings reflect iHeart's highly leveraged capital
      structure.  Fitch estimates pro forma total and secured
      leverage of 11.6x and 7.1x, respectively, as of the LTM
      ended Dec. 31, 2014.  Total leverage exceeds levels at the
      leveraged buyout, as a weak operating profile has limited
      EBITDA growth and FCF generation. EBITDA has not returned to

      pre-downturn levels.

   -- The ratings reflect the limited tolerance for further
      erosion of iHeart's operating profile and its liquidity
      position.

   -- Fitch recognizes that the company completed a series of
      capital market transactions which have extended a material
      amount of its secured maturities to 2019 and beyond,
      providing much needed financial flexibility.

   -- Fitch expects iHeart's FCF to be negative over at least the
      next two years reflecting the interest burden associated
      with the company's capital structure and operating profile.

   -- iHeart should be able to meet its remaining 2016 maturities
      totalling approximately $193 million given the levers
      discussed.

Overall, Fitch's ratings reflect the company's highly leveraged
capital structure and Fitch's expectation that the company's
considerable and growing interest burden will hinder near-term FCF
generation.  In addition, iHeart's operating profile is subject to
ongoing technological threats and secular pressures in radio
broadcasting along with exposure to cyclical advertising revenue.
The ratings are supported by the company's leading position in both
the outdoor and radio industries, as well as the positive
fundamentals and digital opportunities in the outdoor advertising
space.

KEY ASSUMPTIONS

Fitch's key assumptions within the rating case for the issuer
include:

   -- iHeart is strongly positioned within a secularly challenged
      radio sector;

   -- Fitch does not expect a material amount of improvement of
      iHeart's credit profile or absolute debt reduction over the
      next several years, given the expected negative FCF;

   -- Potential asset sales, including the announced sale of 411
      broadcast communication tower sites for $400 million, could
      support iHeart's liquidity position;

   -- Although iHeart has successfully addressed its 2016
      maturities, the company will still have to contend with
      maturities of approximately $900 million in 2018 and $8.3
      billion in 2019.

Liquidity and Debt

Fitch regards iHeart's current liquidity as limited.  As of
Dec. 31, 2014, iHeart had approximately $271 million in cash,
excluding $186 million in cash held at CCOH).  Backup liquidity
consists of the ABL facility that matures in December 2017 and is
subject to a springing maturity.  The prepayment of iHeart's term
loans will ameliorate the springing lien concern at this time.

Recovery Ratings (RRs)

iHeart's RRs reflect Fitch's expectation that the enterprise value
of the company will be maximized in a restructuring scenario (going
concern), rather than a liquidation.  Fitch employs a 6x distressed
enterprise value multiple reflecting the value of the company's
radio broadcasting licenses in top U.S. markets.  Fitch assumes
going-concern EBITDA at $860 million and that iHeart has maximized
the debt-funded dividends from CCOH and used the proceeds to repay
bank debt.  In addition, Fitch assumes that iHeart would receive
90% of the value of a sale of CCOH after the CCOH creditors had
been repaid.  Fitch estimates the adjusted distressed enterprise
valuation in restructuring to be approximately $7 billion.

The 'CCC/RR4' rating for the bank debt and secured notes reflect
Fitch's estimate for a recovery range of 31%-50%.  Fitch expects no
recovery for the senior unsecured legacy notes, the new 10% senior
notes, and senior guarantee notes due to their position below the
secured debt in the capital structure, and they are assigned 'RR6'.
However, Fitch rates the senior guaranteed notes 'CC' given the
subordinated guarantee.

CCOH's RRs also reflect Fitch's expectation that enterprise value
would be maximized as a going concern.  Fitch stresses outdoor
EBITDA by 15%, and applies a 7x valuation multiple.  Fitch
estimates the enterprise value would be $4 billion.  This indicates
100% recovery for the unsecured senior notes.  However, Fitch
notches the debt up only two notches from the IDR given the
unsecured nature of the debt.  In Fitch's analysis, the
subordinated notes recover in the 31% to 50% 'RR4' range, leading
to no notching from the IDR.

RATING SENSITIVITIES

Negative: Cyclical or secular pressures on operating results that
further weaken credit metrics or liquidity position could result in
negative rating pressure.  Additionally, indications that a
distressed debt exchange is probable in the near term would also
drive a downgrade.

Positive: Fitch's sensitivities do not currently anticipate a
rating upgrade.

As of Dec. 31, 2014, iHeart had approximately $20.6 billion in
consolidated debt.  Pro forma for the recent PGN issuance and
resultant term loan repayments, debt held at iHeart was $15.7
billion and consisted of:

   -- $6.3 billion secured term loans due 2019;
   -- $6.3 billion secured PGNs, maturing 2019-2023;
   -- $1.7 billion in senior unsecured 12% cash pay / 2% PIK notes

      maturing in February 2021;
   -- $730 million senior unsecured 10% notes due 2018 (net of
      FinCo holdings of $120 million);
   -- $668 million senior unsecured legacy notes, with maturities
      of 2016-2027 (net of FinCo holdings of $57 million.)

Debt held at Clear Channel Worldwide Holdings, Inc. (CCWH) was $4.9
billion and consisted of:

   -- $2.7 billion in senior unsecured 6.5% notes due 2022;
   -- $2.2 billion in subordinated 7.625% notes due 2020.

Fitch has affirmed these ratings:

iHeartCommunications, Inc.
   -- Long-term IDR at 'CCC';
   -- Senior secured term loans at 'CCC/RR4';
   -- Senior secured priority guarantee notes at 'CCC/RR4';
   -- Senior unsecured guarantee notes due 2021 at 'CC/RR6';
   -- Senior unsecured legacy notes at 'C/RR6'.

Clear Channel Worldwide Holdings, Inc.
   -- Long-term IDR at 'B';
   -- Senior unsecured notes at 'BB-/RR2';
   -- Senior subordinated notes at 'B/RR4'.

The Rating Outlook for Clear Channel Worldwide Holdings, Inc. is
Stable.



INDEPENDENCE TAX II: Incurs $124,500 Net Loss in Third Quarter
--------------------------------------------------------------
Independence Tax Credit Plus L.P. II filed with the U.S. Securities
and Exchange Commission its quarterly report on Form 10-Q
disclosing a net loss of $124,517 on $209,385 of total revenues for
the three months ended Dec. 31, 2014, compared to a net loss of
$130,553 on $210,744 of total revenues for the same period in
2013.

For the nine months ended Dec. 31, 2014, the Partnership reported a
net loss of $371,214 on $646,159 of total revenues compared to a
net loss of $370,996 on $641,859 of total revenues for the same
period during the prior year.

As of Dec. 31, 2014, the Partnership had $2.65 million in total
assets, $16.78 million in total liabilities and a $14.12 million
totla partners' deficit.

At Dec. 31, 2014, the Partnership's liabilities exceeded assets by
$14,122,561 and for the nine months ended Dec. 31, 2014, the
Partnership had net loss of $371,214.  These factors raise
substantial doubt about the Partnership's ability to continue as a
going concern.

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

                        http://is.gd/1Io7YV

            About Independence Tax Credit Plus L.P. II

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

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

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


INDEPENDENCE TAX IV: Posts $11 Million Net Income in 3rd Quarter
----------------------------------------------------------------
Independence Tax Credit Plus L.P. IV filed with the U.S. Securities
and Exchange Commission its quarterly report on Form 10-Q
disclosing net income of $11.2 million on $731,000 of total
revenues for the three months ended Dec. 31, 2014, compared to net
income of $114,000 on $641,000 of total revenues for the same
period a year ago.

For the nine months ended Dec. 31, 2014, the Partnership reported
net income of $11.02 million on $2.17 million of total revenues
compared to a net loss of $175,000 on $2.02 million of total
revenues for the same period last year.

As of Dec. 31, 2014, the Partnership had $3.24 million in total
assets, $14.20 million in total liabilities and a $10.96 million
total partners' deficit.

At Dec. 31, 2014, the Partnership's liabilities exceeded assets by
$11.0 million and for the nine months ended Dec. 31, 2014, the
Partnership had net income of $11.03 million.  These factors, the
Partnership said, raise substantial doubt about its ability to
continue as a going concern.

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

                        http://is.gd/sVCHhp

                     About Independence Tax IV

New York-based Independence Tax Credit Plus L.P. IV is a limited
partnership which was formed under the laws of the State of
Delaware on Feb. 22, 1995.

On July 6, 1995, the Partnership commenced a public offering of
Beneficial Assignment Certificates representing assignments of
limited partnership interests in the Partnership.  The Partnership
received $45,844,000 of gross proceeds from the Offering from
2,759 investors.  The Offering was terminated on May 22, 1996.

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

The Partnership is currently in the process of developing a plan
to dispose of all of its investments.  It is anticipated that this
process will take a number of years.

Independence Tax Credit Plus L.P. IV reported a net loss of $2.71
million on $3.6 million of total revenues for the fiscal year
ended March 31, 2014, compared to a net loss of $967,000 on $3.45
million of total revenues for the year ended March 31, 2013.


JC PENNEY: Posts Surprise Loss, Shares Drop Sharply
---------------------------------------------------
Maria Armental, writing for The Wall Street Journal, reported that
J.C. Penney Co. posted a surprise loss for the holiday quarter as
operating expenses ticked up, though the department-store operator
reported stronger-than-expected sales growth.

According to the Journal, shares dropped on Feb. 26 nearly 10% to
$8.24 in after-hours trading as the company warned it expects its
free cash flow to be flat in the recently started business year.
Excluding newly opened or closed locations, sales rose 4.4% in the
quarter, topping J.C. Penney's projection of a 2% to 4% increase,
the Journal said.

As previously reported by The Troubled Company Reporter, J.C.
Penney on Jan. 5 reported stronger-than-expected sales for the
holiday period, sending the beleaguered department-store chain's
stock soaring 20% and provided a positive first indicator for how
retailers fared over the year-end shopping bonanza.

                         About J.C. Penney

J.C. Penney Company, Inc., is one of the U.S.'s largest department
store operators with about 1,100 locations in the United States
and Puerto Rico.

                           *     *     *

The Troubled Company Reporter, on March 5, 2014, reported that
Standard & Poor's Ratings Services revised its outlook on J.C.
Penney Co. Inc. to stable from negative.  At the same time, S&P
affirmed all other ratings, including the 'CCC+' corporate credit
rating, on the company.

The Troubled Company Reporter, on May 21, 2014, reported that
Fitch Ratings has affirmed the Issuer Default Ratings (IDRs) of
J.C. Penney Co., Inc. and J.C. Penney Corporation, Inc. at 'CCC'
and assigned a Positive Outlook.

On June 6, 2014, the Troubled Company Reporter said Standard &
Poor's Ratings Services assigned a 'B' issue level rating to J.C.
Penney Corp. Inc.'s $1.85 billion ABL revolving credit facility
and $500 million senior secured first-in last-out term loan with a
'1' recovery rating, indicating S&P's expectation for very high
(90%-100%) recovery in the event of a payment default.  S&P
affirmed all other ratings, including the 'CCC+' corporate credit
rating on parent company J.C. Penney Co. Inc.  The outlook is
stable.

On the same date, Moody's Investors Service rated J.C. Penney
Corporation, Inc.'s proposed asset based revolving credit facility
at B1 and its proposed asset based term loan at B2. At the same
time, Moody's affirmed J.C. Penney Company, Inc.'s Caa1 Corporate
Family Rating ("CFR"), Caa1-PD Probability of Default Rating, and
SGL-3 Speculative Grade Liquidity rating. The rating outlook
remains negative.

In September 2014, Moody's rated J.C. Penney's proposed senior
unsecured notes Caa2. At the same time, Moody's affirmed J.C.
Penney Company, Inc.'s Caa1 Corporate Family Rating ("CFR"), Caa1
- PD Probability of Default Rating, and SGL-3 Speculative Grade
Liquidity rating. The rating outlook remains negative.

Standard & Poor's, on the same month, assigned its 'CCC-' issue-
level rating and '6' recovery rating to J.C. Penney Corp. Inc.'s
proposed $350 million senior unsecured notes due 2019.  The '6'
recovery rating indicates S&P's expectation for negligible
recovery (0%-10%) in a payment default scenario.  The company
intends to use proceeds from the offering to repay debt.  S&P
views the proposed offering and debt repayment as credit neutral
based upon expected debt levels being relatively unchanged.

Likewise, Fitch has assigned a rating of 'CCC/RR4' to J.C.
Penney's proposed issue of five-year $350 million senior unsecured
notes.  The Rating Outlook is Positive.

On Oct. 1, 2014, Moody's affirmed J.C. Penney's Caa1 Corporate
Family Rating, Caa1 - PD Probability of Default Rating, and senior
unsecured notes. At the same time, Moody's changed J.C. Penney's
rating outlook to stable from negative. The change in outlook was
prompted by the successful closing of $400 million senior
unsecured notes which will be used to fund the partial tender
offer for J.C. Penney's $200 million 6.875% notes due October
2015, $200 million 7.675% notes due August 2016, and $285 million
7.95% notes due April 2017. At the same time, Moody's changed the
Speculative Grade Liquidity rating to SGL-2 from SGL-3 due to
improved operating performance and extension of the debt maturity
schedule.


JOE'S JEANS: Moss Adams LLP Expresses Going Concern Doubt
---------------------------------------------------------
Joe's Jeans Inc. filed with the U.S. Securities and Exchange
Commission on Feb. 13, 2015, its annual report on Form 10-K for the
fiscal year ended Nov. 30, 2014.

Moss Adams LLP expressed substantial doubt about the Company's
ability to continue as a going concern, citing that the Company has
a net working capital deficiency due to debt covenant violations
and has suffered recurring losses from operations.

The Company reported a net loss of $27.7 million on $189 million of
net sales for the fiscal year ended Nov. 30, 2014, compared with a
net loss of $7.31 million on $140 million of net sales in 2013.

The Company's balance sheet at Oct. 31, 2014, showed $203.9 million
in total assets, $163 million in total liabilities and total
stockholders' equity of $41 million.

A copy of the Form 10-K is available at:
                              
                       http://is.gd/ccWa0b
                          
                        About Joe's Jeans

Joe's Jeans Inc. -- http://www.joesjeans.com/-- designs, produces  

and sells apparel and apparel-related products to the retail and
premium markets under the Joe's(R) brand and related trademarks.

                          *     *     *

The Troubled Company Reporter, on Nov. 27, 2014, reported that
Joe's Jeans received a letter on November 24, 2014 from The Nasdaq
Stock Market indicating that the Company is not in compliance with
Nasdaq Listing Rule 5550(a)(2) because the closing bid price per
share of its common stock has been below $1.00 per share for 30
consecutive trading days.  The Nasdaq letter was issued in
accordance with standard Nasdaq procedures.  In accordance with
Nasdaq Listing Rule 5810(c)(3)(A), the Company will be provided
with 180 calendar days, or until May 26, 2015, to regain compliance

with the Bid Price Rule.


KEMET CORP: Cadian Capital No Longer a Shareholder as of Dec. 31
----------------------------------------------------------------
Cadian Capital Management, LP and Eric Bannasch dislosed in an
amended regulatory filing with the U.S. Securities and Exchange
Commission that as of Dec. 31, 2014, they ceased to own shares of
common stock of KEMET Corporation.  The reporting persons
previously reported beneficial ownership of 4,037,746 common shares
or 8.95 percent equity stake sof Dec. 31, 2013.  A copy of the
regulatory filing is available at http://is.gd/Sv66ar

                            About KEMET

KEMET, based in Greenville, South Carolina, is a manufacturer and
supplier of passive electronic components, specializing in
tantalum, multilayer ceramic, film, solid aluminum, electrolytic,
and paper capacitors.  KEMET's common stock is listed on the NYSE
under the symbol "KEM."

                           *     *     *

As reported by the TCR on March 26, 2013, Moody's Investors
Service downgraded KEMET Corp.'s Corporate Family Rating to 'Caa1'
from 'B2' and the Probability of Default Rating to 'Caa1-PD' from
'B2- PD' based on Moody's expectation that KEMET's liquidity will
be pressured by maturing liabilities and negative free cash flow
due to the interest burden and continued operating losses at the
Film and Electrolytic segment.

As reported by the TCR on Aug. 9, 2013, Standard & Poor's Ratings
Services lowered its corporate credit rating on KEMET to 'B-' from
'B+'.  "The downgrade is based on continued top-line and margin
pressures and lagging results from the restructuring of the Film &
Electrolytic [F&E] business, which combined with cyclical weak
end-market demand, has resulted in sustained, elevated leverage
well in excess of 5x, persistent negative FOCF, and diminishing
liquidity," said Standard & Poor's credit analyst Alfred
Bonfantini.

The TCR reported in August 2014 that S&P revised its outlook on
KEMET to 'stable' from 'negative'.  S&P affirmed the ratings,
including the 'B-' corporate credit rating.


KIOR INC: Wants 90 More Days to Decide on Pasadena, TX Lease
------------------------------------------------------------
KiOR, Inc., is asking the U.S. Bankruptcy Court for the District of
Delaware for an extension of the deadline for it to assume, assume
and assign, or reject an unexpired nonresidential real property
lease in Pasadena, Texas.

Specifically, the Debtor wants more time to decide on the Pasadena
Lease through the earlier of 90 days or the date upon which KiOR
Inc.'s First Amended Chapter 11 Plan of Reorganization (as may be
amended) is confirmed in the case.

In connection with the conduct of its business, Debtor is a tenant
under the  unexpired nonresidential real property lease in
Pasadena, Texas.  The Debtor maintains corporate offices, research
and development facilities, and a test-scale demonstration facility
at the Pasadena site.

Pending its election to assume or reject the Lease, the Debtor
asserts that it will perform its obligations arising from and after
the Petition Date, to the extent required by Section 365(d)(3) of
the Bankruptcy Code, including the payment of postpetition rent.

                          About KiOR Inc.

KiOR, Inc., and wholly owned subsidiary KiOR Columbus, LLC, are
development stage, renewable fuels companies based in Pasadena,
Texas and Columbus, Mississippi, respectively.  KiOR, Inc., was
founded in 2007 as a joint venture between Khosla Ventures, LLC,
and BIOeCon B.V.  KiOR Inc.'s primary business is the development
and commercialization of a ground-breaking proprietary technology
designed to generate a renewable crude oil from non-food
cellulosic
biomass.

KiOR, Inc. filed a Chapter 11 bankruptcy petition (Bankr. D. Del.
Case No. 14-12514) on Nov. 9, 2014, in Delaware.  Through the
chapter 11 case, the Debtor intends to reorganize its business or
sell substantially all of its assets so that it can continue its
core research and development activities.  KiOR Columbus did not
seek bankruptcy protection.

The Debtor disclosed $58.3 million in assets and $261 million in
liabilities as of June 30, 2014.

The Debtor is represented by Mark W. Wege, Esq., Edward L. Ripley,
Esq., and Eric M. English, Esq., at King & Spalding, LLP, in
Houston, Texas; and John Henry Knight, Esq., Michael Joseph
Merchant, Esq., and Amanda R. Steele, Esq., at Richards, Layton &
Finger, P.A., in Wilmington, Delaware.  The Debtor's financial
advisor is Alvarez & Marsal.  Guggenheim Securities, LLC, is the
Debtor's investment banker.  Epiq Bankruptcy Solutions, LLC, is
the
Debtor's claims and noticing agent.

Pasadena Investments, LLC, as administrative agent for a
consortium
of lenders, committed to provide up to $15 million in postpetition
financing.  The DIP Agent is represented by Thomas E. Patterson,
Esq., at Klee, Tuchin, Bogdanoff & Stern LLP, in Los Angeles,
California, and Michael R. Nestor, Esq., at Young Conaway Stargatt
& Taylor, LLP, in Wilmington, Delaware.


LAKELAND INDUSTRIES: Frigate Ventures Reports 2% Stake
------------------------------------------------------
Frigate Ventures LP, Admiralty Advisors LLC, Bruce R. Winson, M5V
Advisors Inc., Adam Spears and Moez Kassam disclosed in an amended
Schedule 13G filed with the U.S. Securities and Exchange Commission
that as of Dec. 31, 2014, they beneficially owned 140,870 shares of
common stock of Lakeland Industries, Inc., representing 2 percent
of the shares outstanding.  A copy of the regulatory filing is
available for free at http://is.gd/j9mbpi

                     About Lakeland Industries

Ronkonkoma, N.Y.-based Lakeland Industries, Inc., manufactures and
sells a comprehensive line of safety garments and accessories for
the industrial protective clothing market.

The Company reported a net loss of $26.3 million on $95.1 million
of net sales for the year ended Jan. 31, 2013, as compared with a
net loss of $377,000 on $96.3 million of sales for the year ended
Jan. 31, 2012.

In their report on the consolidated financial statements for the
year ended Jan. 31, 2013, Warren Averett, LLC, in Birmingham,
Alabama, expressed substantial doubt about Lakeland Industries'
ability to continue as a going concern.  The independent auditors
noted that the Company is in default on certain covenants of its
loan agreements at Jan. 31, 2013.

As of Oct. 31, 2014, the Company had $86.8 million in total
assets, $31.8 million in total liabilities and $54.9 million in
total stockholders' equity.


LATITUDE 360: Has Incurred Significant Losses Since Inception
-------------------------------------------------------------
Latitude 360, Inc., filed with the U.S. Securities and Exchange
Commission an amendment to its quarterly report on Form 10-Q,
disclosing a net loss of $9.53 million on $3.73 million of net
sales for the three months ended Sept. 30, 2014, compared with a
net loss of $7,900 on $35,800 of net sales for the same period
during the prior year.

The Company's balance sheet at Sept. 30, 2014, showed $51.3 million
in total assets, $66.7 million in total liabilities and total
stockholders' deficit of $15.4 million.

The Company's total assets were $51 million at Sept. 30, 2014, of
which $2.4 million were current assets.  As of Sept. 30, 2014, it
had cash and cash equivalents of $85,000 and a working capital
deficit of $23 million.  During the past two years, the Company has
experienced net losses.  The Company anticipates its operating cash
flows to continue to be negative during the construction and
development periods for its new venues.

While it currently operate as a going concern, certain significant
factors raise substantial doubt about the Company's ability to
continue to operate as a going concern.  It incurred significant
losses since inception.  This factor, among others, raise
substantial doubt about the Company's ability to continue to
operate as a going concern.  

A copy of the Form 10-Q/A is available at:
                              
                       http://is.gd/6qlo6X
                          
Latitude 360, Inc., is a casual dining and entertainment venue
operator.  It develops, constructs, and operates restaurant/
entertainment venues.  The company's restaurant/entertainment
venues feature a grille and bar; luxury bowling lanes; a dine-in
movie theater with home theater-style seating; a dine-in live
performance theater; a HD sports theater; a bar with a dance floor
and stage for the DJ/VJs and regional bands on weekends; a luxury
boutique cigar lounge; and an interactive game room.  It operates
restaurant/entertainment venues in Jacksonville, Florida;
Pittsburgh, Pennsylvania; and Indianapolis, Indiana to serve
consumers and corporate clients.  The company was formerly known
as Latitude Global, Inc. and changed its name to Latitude 360,
Inc. in January 2014.  The company was founded in 2009 and is
based in Jacksonville, Florida.  Latitude 360, Inc. operates as a
subsidiary of The Brownstone Group LLC.


LEHMAN BROTHERS: Gets Court Approval for Exum Ridge Settlement
--------------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that Lehman Brothers Holdings Inc. got court
approval of a settlement of a credit-default swap involving a
so-called flip clause although court papers only said Lehman will
get a "substantial amount of value."

According to the report, the settlement involved a credit-default
swap issued by Exum Ridge CBO.  The report said that a previous
settlement fell through.  The new agreement, approved by the
bankruptcy court Feb. 19, allows noteholders to receive specified,
although publicly undisclosed, payments by accepting the
settlement, the report related.

The parent's case is In re Lehman Brothers Holdings Inc.,
08-bk-13555; the brokerage liquidation is Securities Investor
Protection Corp. v. Lehman Brothers Inc., 08-01420, U.S. Bankruptcy
Court, Southern District of New York (Manhattan).

                      About Lehman Brothers

Lehman Brothers Holdings Inc. -- http://www.lehman.com/-- was the

fourth largest investment bank in the United States.  For more
than
150 years, Lehman Brothers has been a leader in the global
financial markets by serving the financial needs of corporations,
governmental units, institutional clients and individuals
worldwide.

Lehman Brothers filed for Chapter 11 bankruptcy Sept. 15, 2008
(Bankr. S.D.N.Y. Case No. 08-13555).  Lehman's bankruptcy petition
disclosed US$639 billion in assets and US$613 billion in debts,
effectively making the firm's bankruptcy filing the largest in
U.S.
history.  Several other affiliates followed thereafter.

Affiliates Merit LLC, LB Somerset LLC and LB Preferred Somerset
LLC
sought for bankruptcy protection in December 2009.

The Debtors' bankruptcy cases are handled by Judge James M. Peck.
Harvey R. Miller, Esq., Richard P. Krasnow, Esq., Lori R. Fife,
Esq., Shai Y. Waisman, Esq., and Jacqueline Marcus, Esq., at Weil,
Gotshal & Manges, LLP, in New York, represent Lehman.  Epiq
Bankruptcy Solutions serves as claims and noticing agent.

Dennis F. Dunne, Esq., Evan Fleck, Esq., and Dennis O'Donnell,
Esq., at Milbank, Tweed, Hadley & McCloy LLP, in New York, serve
as
counsel to the Official Committee of Unsecured Creditors.
Houlihan
Lokey Howard & Zukin Capital, Inc., is the Committee's investment
banker.

On Sept. 19, 2008, the Honorable Gerard E. Lynch of the U.S.
District Court for the Southern District of New York, entered an
order commencing liquidation of Lehman Brothers, Inc., pursuant to
the provisions of the Securities Investor Protection Act (Case No.
08-CIV-8119 (GEL)).  James W. Giddens has been appointed as
trustee
for the SIPA liquidation of the business of LBI.

The Bankruptcy Court approved Barclays Bank Plc's purchase of
Lehman Brothers' North American investment banking and capital
markets operations and supporting infrastructure for US$1.75
billion.  Nomura Holdings Inc., the largest brokerage house in
Japan, purchased LBHI's operations in Europe for US$2 plus the
retention of most of employees.  Nomura also bought Lehman's
operations in the Asia Pacific for US$225 million.

Lehman emerged from bankruptcy protection on March 6, 2012, more
than three years after it filed the largest bankruptcy in U.S.
history.  The Chapter 11 plan for the Lehman companies other than
the broker was confirmed in December 2011.

As of Oct. 2, 2014, Lehman's total distributions to unsecured
creditors have amounted to $92.0 billion.  As of Sept. 30, 2014,
the brokerage trustee has substantially completed customer claims
distributions, distributing more than $106 billion to 111,000
customers.


LIFE UNIFORM: March 27 Hearing on Bid to Dismiss Chapter 11 Case
----------------------------------------------------------------
The U.S. Bankruptcy Court will convene a hearing on March 27, 2015,
at 10:00 a.m., to consider LUHC Wind Down Corp., et al.'s motion to
dismiss their Chapter 11 cases.  Objections if any, are due Feb.
27.  At the hearing, the Court will also consider the objections
filed including that of Alicia Bolden and Ken Evans.

Ms. Bolden, in a response to the Debtor's motion to dismiss case,
stated that it objects to the Debtor's case.  Ms. Bolden also added
that she has no transportation to travel to Delaware and she
doesn't know why she's being sent a letter concerning the matter.

Mr. Evans objected to the approval of the bankruptcy unless the
proceedings require Wind Down Corp to pay the amount owed to Ken
Electronics.

Mr. Evans noted that a subsidiary of the corporation namely Life
Uniform Store #522 at 9703 IH 6 North in San Antonio, Texas is
indebted to Ken's Electronics in the amount of $444, for parts and
services rendered for a computerized embroidery machine.

As reported in the Troubled Company Reporter on Feb. 4, 2015,
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reported
that Life Uniform, at one time a retailer of hospital uniforms
and
accessories with 205 stores, has asked the bankruptcy court in
Delaware to dismiss its Chapter 11 case because it won't be able
to
propose a Chapter 11 plan.

According to the report, if the judge agrees at a March 27 hearing,
some $1.2 million of expenses of the Chapter 11 case other than
professionals will be paid in full.  Professionals will share about
$750,000 on account of fees totaling some $1.1 million, while
nothing will be left for unsecured creditors, the report said.

                        About Life Uniform

Life Uniform was founded in 1965 when Angelica Corporation
decided to enter the retail uniform industry.  The first Life
Uniform store opened in 1965 in Clayton, Missouri.  At present,
Life Uniform is the nation's largest independently owned medical
professional supplier.

Sun Uniform LLC acquired Life Uniform in July 2004.  Since the
acquisition by Sun the company addressed sagging profitability
and overhead issues and quickly drove increases in profitability
through a combination of store rationalization and sensible
corporate overhead initiatives.  However, recent performance has
been declining in terms of revenue.  This is due to the company's
liquidity issues, which prevented the company from completing its
e-commerce system upgrade, encourage better pricing from vendors,
and maintain sufficient capital.

Life Uniform Holding Corp., Healthcare Uniform Company, Inc., and
Uniform City National Inc. filed Chapter 11 petitions (Bankr. D.
Del. Case Nos. 13-11391 to 13-11393) on May 29, 2013.  The
petitions were signed by Bryan Graiff, COO, CFO, VP, secretary,
and treasurer.  Life Uniform Holding disclosed $10,695,870 in
assets and $36,821,034 in liabilities as of the Chapter 11
filing.

Life Uniform and Uniform City received court authority on July 26
to sell the business for $22.6 million to Scrubs & Beyond LLC.
There were no competing bids, so an auction wasn't held.

First lien lender CapitalSource Finance LLC is owed on a $11.5
million revolver and $26 million term loan.  CapitalSource is
represented by Brian T. Rice, Esq., at Brown Rudnick LLP; and
Jeffrey C. Wisler, Esq., at Connolly Gallagher LLP.

Sun Uniforms Finance LLC is owed $6.1 million in principal on a
second lien note and holds two additional notes, each in the
original principal of $1.08 million.  Angelica Corp. holds an
unsecured junior subordinate not in the principal amount of $5.48
million.

Domenic E. Pacitti, Esq., at Klehr Harrison Harvey Branzburg,
LLP, serves as the Debtors' counsel.  Epiq Bankruptcy Solutions
acts as the Debtors' administrative agent, and claims and noticing
agent.  he Debtors' financial advisor is Capstone Advisory Group,
LLC.  rowe Horwath LLP serves as tax accountants and Brown Smith
Wallace LLC as wind-down tax accountants.

Richard Stern, Esq., at Luskin Stern & Eisler LLP, was appointed
independent fee examiner in the case.  Luskin, Stern & Eisler LLP
serves as his counsel and The Rosner Law Group LLC, serves as his
Delaware counsel.

The Official Committee of Unsecured Creditors is represented by
Seth Van Aalten, Esq., at Cooley LLP, and Ann M. Kashishian,
Esq., at Cousins Chipman & Brown, LLP as counsel.

The U.S Trustee for Region 3 appointed Boris Segalis of
InfoLawGroup LLP as consumer privacy ombudsman in the case.



LIGHTSQUARED INC: Solus Floats Rival Bankruptcy Exit Proposal
-------------------------------------------------------------
Joseph Checkler, writing for Daily Bankruptcy Review, reported that
hedge fund Solus Alternative Asset Management LP didn't just object
to LightSquared Inc.'s restructuring plan, it proposed one of its
own.  According to the report, Solus said its proposal to pump $2
billion into Philip Falcone's wireless venture is better than the
plan the company has presented, which involves little new money and
puts the company in the hands of investors including Centerbridge
Partners LP and Fortress Investment Group LLC.

                     About LightSquared Inc.

LightSquared Inc. and 19 of its affiliates filed Chapter 11
bankruptcy petitions (Bankr. S.D.N.Y. Lead Case No. 12-12080) on
May 14, 2012, to resolve regulatory issues that have prevented it
from building its coast-to-coast integrated satellite 4G wireless
network.

LightSquared had invested more than $4 billion to deploy an
integrated satellite-terrestrial network.  In February 2012,
however, the U.S. Federal Communications Commission told
LightSquared the agency would revoke a license to build out the
network as it would interfere with global positioning systems used
by the military and various industries.  In March 2012, the
Company's partner, Sprint, canceled a master services agreement.
LightSquared's lenders deemed the termination of the Sprint
agreement would trigger cross-defaults under LightSquared's
prepetition credit agreements.

LightSquared and its prepetition lenders attempted to negotiate a
global restructuring that would provide LightSquared with liquidity
and runway necessary to resolve its issues with the FCC.

Despite working diligently and in good faith, however, LightSquared
and the lenders were not able to consummate a global restructuring
on terms acceptable to all interested parties.

Lawyers at Milbank, Tweed, Hadley & McCloy LLP serve as counsel to
the Debtors.  Alvarez & Marsal North America, LLC, is the financial
advisor.  Kurtzman Carson Consultants LLC serves as claims and
notice agent.

                          *     *     *

Judge Shelley C. Chapman of the U.S. Bankruptcy Court for the
Southern District of New York on Jan. 20, 2015, approved the Second
amended specific disclosure statement explaining Lightsquared Inc.,
et al.'s second amended joint plan, after determining that the
disclosures contain adequate information within the meaning of
Section 1125(a) of the Bankruptcy Code.

As previously reported by The Troubled Company Reporter, the
Debtors, in December, filed a joint plan and disclosure statement,
which contemplate, among other things, (A) new money investments by
the New Investors in exchange for a combination of preferred and
common equity, (B) the conversion of the Prepetition LP Facility
Claims into new second lien debt obligations, (C) the repayment in
full, in cash, of the Inc. Facility Prepetition Inc. Facility
NonSubordinated Claims immediately following confirmation of the
Plan, (D) the payment in full, in cash, of LightSquared's general
unsecured claims, (E) the provision of $1.25 billion in new money
working capital for the Reorganized Debtors, (F) the assumption of
certain liabilities, (G) the resolution of all inter-Estate
disputes, and (H) the contribution by Harbinger of the Harbinger
Litigations.

Judge Chapman will hold hearing on March 29, 2015, at 10:00 a.m.
(prevailing Eastern time) to consider confirmation of the second
amended joint plan filed by Lightsquared Inc. and its
debtor-affiliates together with Fortress Credit Opportunities
Advisor LLC, Harbinger Capital Partners LLC, and Centerbridge
Partners LP.


LOAN EXCHANGE: FCI Lender Wants Stay Lifted on Real Property
------------------------------------------------------------
FCI Lender Services, Inc., as loan servicing agent for Rubicon
Mortgage Fund, LLC, asks the Bankruptcy Court to enter an order
lifting the automatic stay in the real property of Loan Exchange
Group.

The property is located in 516 Dolan Road, Moss Landing,
California.

According to the servicing agent, its interest in the property is
not adequately protected by an equity cushion; and the fair market
value of the property is declining and the payments are not being
made by the Debtor.

Loan Exchange Group filed a Chapter 11 bankruptcy petition (Bankr.
C.D. Cal. Case No. 11-21085) on Sept. 16, 2011, in San Fernando
Valley, California.  Marc A. Duxbury, Esq., at County Law Center,
in Carlsbad, Calif., serves as counsel to the Debtor.  The Debtor
disclosed $12.05 million in assets and $5.17 million  n liabilities
as of the Chapter 11 filing.



MAUI LAND: Reports 2014 Net Income of $17.6 Million
---------------------------------------------------
Maui Land & Pineapple Company, Inc. reported net income of $17.6
million on $33 million of total operating revenues for the year
ended Dec. 31, 2014, compared to a net loss of $1.16 million on
$15.2 million of total operating revenues during the prior year.

For the fourth quarter of 2014, the Company recognized net income
of $18.8 million or $1.00 per share.  For the fourth quarter of
2013, the Company recognized net income of $1.4 million or $0.07
per share.  Operating revenues totaled $22.8 million and $7.2
million during the fourth quarters of 2014 and 2013, respectively.

In October 2014, the Company sold an unimproved 244-acre parcel of
former agricultural land located in West Maui, commonly known as
Lipoa Point, to the State of Hawaii for $19.8 million.  The sale
resulted in a gain of approximately $19.3 million with the proceeds
from the sale designated for the benefit of the Company's pension
plans.

In May 2014, the Company sold a 4-acre parcel and building that
serves as the maintenance facility for the Kapalua Plantation Golf
Course for $2.3 million.  The sale resulted in a gain of $1.5
million.

In November 2013, the Company sold a 10-acre parcel in West Maui
for $5.4 million.  The sale resulted in a gain of $2.1 million.

In June 2013, the Company sold a 7-acre parcel that was the last of
its former agricultural processing facilities in Central Maui for
$4 million.  The sale resulted in a gain of $1.9 million.

"We are very pleased with the substantial progress the Company has
made over the past year, particularly with sales of our non-core
assets and funding of our pension plan obligations," stated Warren
H. Haruki, Chairman and CEO.  "We continue to work diligently
toward strengthening our financial position and in managing our
Maui landholdings for the long-term benefit of our stakeholders and
the community."

                   About Maui Land & Pineapple Co.

Maui Land & Pineapple Company, Inc. (NYSE: MLP) --
http://mauiland.com/-- develops, sells, and manages residential,
resort, commercial, and industrial real estate.  The Company owns
approximately 23,000 acres of land on Maui and operates retail,
utility operations, and a nature preserve at the Kapalua Resort.
The Company's principal subsidiary is Kapalua Land Company, Ltd.,
the operator and developer of Kapalua Resort, a master-planned
community in West Maui.

The Company's balance sheet at Sept. 30, 2014, showed $51.4 million
in total assets, $79.08 million in total liabilities and a $27.7
million stockholders' deficit.

Deloitte & Touche LLP, in Honolulu, Hawaii, issued a "going
concern" qualification on the consolidated financial statements for
the year ended Dec. 31, 2013.  The independent auditors noted that
the Company's recurring negative cash flows from operations and
deficiency in stockholders' equity raise substantial doubt about
the Company's ability to continue as a going concern.


MEDICAL ALARM: Biotech Development Does Not Own Common Shares
-------------------------------------------------------------
In a Schedule 13G filed with the U.S. Securities and Exchange
Commission, Biotech Development Group, LLC disclosed that as of
Feb. 13, 2015, it beneficially owns 0 shares of common stock of
Medical Alarm Concepts Holding, Inc.  A copy of the regulatory
filing is available for free at http://is.gd/D1Oqn0

                        About Medical Alarm

Plymouth Meeting, Pa.-based Medical Alarm Concepts Holding, Inc.,
utilizes new technology in the medical alarm industry to provide
24-hour personal response monitoring services and related products
to subscribers with medical or age-related conditions.

Medical Alarm reported net income of $225,000 on $1.15 million of
revenue for the year ended June 30, 2014, compared to net income
of $3.18 million on $573,000 million of revenue during the prior
year.

As of Dec. 31, 2014, Medical Alarm had $1.27 million in total
assets, $3.41 million in total liabilities and a $2.14 million
total stockholders' deficit.

Paritz & Company, P.A., in Hackensack, New Jersey, issued a "going
concern" qualification on the consolidated financial statements
for the year ended June 30, 2014.  The independent auditors noted
that the Company had working capital deficit of $636,000, a
stockholders' deficit of $2.036 million, did not generate cash
from its operations, and had operating loss for past two years.
These circumstances, among others, raise substantial doubt about
the Company's ability to continue as a going concern, according to
the auditors.


MEDICAL ALARM: Joseph Noel No Longer Owns Shares as of Feb. 13
--------------------------------------------------------------
Joseph A. Noel disclosed in a document filed with the Securities
and Exchange Commission that as of Feb. 13, 2015, he beneficially
owned zero shares of common stock of Medical Alarm Concepts
Holding, Inc.  A copy of the regulatory filing is available for
free at http://is.gd/mR9mUU

                         About Medical Alarm

Plymouth Meeting, Pa.-based Medical Alarm Concepts Holding, Inc.,
utilizes new technology in the medical alarm industry to provide
24-hour personal response monitoring services and related products
to subscribers with medical or age-related conditions.

Medical Alarm reported net income of $225,000 on $1.15 million of
revenue for the year ended June 30, 2014, compared to net income
of $3.18 million on $573,000 million of revenue during the prior
year.


As of Dec. 31, 2014, Medical Alarm had $1.27 million in total
assets, $3.41 million in total liabilities and a $2.14 million
total stockholders' deficit.

Paritz & Company, P.A., in Hackensack, New Jersey, issued a "going
concern" qualification on the consolidated financial statements
for the year ended June 30, 2014.  The independent auditors noted
that the Company had working capital deficit of $636,000, a
stockholders' deficit of $2.036 million, did not generate cash
from its operations, and had operating loss for past two years.
These circumstances, among others, raise substantial doubt about
the Company's ability to continue as a going concern, according to
the auditors.


METALICO INC: Oaktree Capital Reports 9.9% Stake as of Dec. 31
--------------------------------------------------------------
Oaktree Capital Group Holdings GP, LLC, et al., disclosed in a
Schedule 13G filed with the U.S. Securities and Exchange Commission
that as of Dec. 31, 2014, they beneficially owned
5,858,430 shares of common stock of Metalico Inc., which represents
9.99 percent based upon a total of 58,646,808 Shares, consisting of
(i) 58,322,983 Shares issued and outstanding as of Nov. 7, 2014, as
reported by the Issuer on the Form 10-Q and (ii) 323,825 Shares
issuable upon the conversion of a portion of the Series A Notes and
Series B Notes held by the Reporting Persons.  
A copy of the regulatory filing is available for free at:

                        http://is.gd/rrsd8I

                          About Metalico

Metalico, Inc., is a holding company with operations in two
principal business segments: ferrous and non-ferrous scrap metal
recycling, and fabrication of lead-based products.  The Company
operates recycling facilities in New York, Pennsylvania, Ohio,
West Virginia, New Jersey, Texas, and Mississippi and lead
fabricating plants in Alabama, Illinois, and California.
Metalico's common stock is traded on the NYSE MKT under the symbol
MEA.

Metalico reported a net loss attributable to the Company of $34.8
million in 2013 following a net loss attributable to the Company
of $13.1 million in 2012.  For the nine months ended Sept. 30,
2014, Metalico reported a net loss attributable to the Company of
$10.52 million.

As of Sept. 30, 2014, the Company had $294 million in total assets,
$157 million in total liabilities, and $138 million in total
equity.


MIDSTATES PETROLEUM: Aristeia Reports 6.7% Stake as of Dec. 31
--------------------------------------------------------------
In a Schedule 13G filed with the U.S. Securities and Exchange
Commission, Aristeia Capital, L.L.C. disclosed that as of Dec. 31,
2014, it beneficially owned 4,742,158 shares of common stock of
Midstates Petroleum Company, Inc., which represents 6.73 percent of
the shares outstanding.  Aristeia Capital, L.L.C., is the
investment manager of one or more private investment funds.  A copy
of the regulatory filing is available at http://is.gd/quuqhb

                  About Midstates Petroleum Company

Midstates Petroleum Company, Inc. is an independent exploration and
production company focused on the application of modern drilling
and completion techniques in oil and liquids-rich basins in the
onshore U.S. Midstates' drilling and completion efforts are
currently focused in the Mississippian Lime oil play in Oklahoma
and Anadarko Basin in Texas and Oklahoma.  The Company's operations
also include the upper Gulf Coast tertiary trend in central
Louisiana.  Additional information about the Company is available
at www.midstatespetroleum.com.

As of Sept. 30, 2014, the Company had $2.27 billion in total
assets, $1.94 billion in total liabilities and $334 million in
total stockholders' equity.

Midstates Petroleum had a net loss of $343.98 million in 2013
following a net loss of $150.09 million in 2012.

                             *    *    *

Midstates Petroleum carries a 'B' corporate credit rating from
Standard & Poor's Ratings Services.

As reported by the TCR on April 8, 2013, Moody's Investors Service
affirmed Midstates Petroleum Company, Inc.'s B3 Corporate Family
Rating.


MINT LEASING: Mint North Obtains $1MM Funding From TCA Global
-------------------------------------------------------------
The Mint Leasing North, Inc., a wholly owned subsidiary of The Mint
Leasing, Inc., had closed on Feb. 9, 2015, a senior secured credit
facility agreement with TCA Global Credit Master Fund, LP, pursuant
to which TCA provided $1,000,000 in funding, as disclosed in a
document filed with the Securities and Exchange Commission.

Pursuant to the Credit Agreement which was entered into on Feb. 6,
2015, and effective Dec. 31, 2014, TCA agreed to loan Mint North up
to $5 million for working capital and other purposes, pursuant to
the terms and conditions of the Credit Agreement and in the sole
discretion of TCA, provided that the aggregate outstanding
principal balance of all loans made pursuant to the terms of the
Credit Agreement will never exceed the lesser of: (i) 80 percent of
the accounts receivable of Mint North which meet certain conditions
described in greater detail in the Credit Agreement; and (ii) 80
percent of the value of the collateral pledged by Mint North to
secure the repayment of the loans, as determined by TCA in its sole
and absolute discretion.

Interest only payments on the Promissory Note in the amount of
$9,167 each are due on March 6, 2015, and April 6, 2015.  Monthly
payments of principal, accrued interest and Premium (totaling
$71,856 each) are due monthly on the 6th day of each month
beginning on March 6, 2015, and continuing through maturity.  If
any payment due under the Promissory Note is not received within
five days of the due date of such payment, a late charge of 5% of
such unpaid or late payment is also due.

Also on or around Feb. 9, 2015, the Company paid $225,000 to KBM
Worldwide, Inc., to satisfy amounts owed by the Company under a
convertible promissory note in the original principal amount of
$158,500 issued to that entity previously, which payment completely
satisfied and terminated the convertible promissory note.

A full-text copy of the Senior Secured Credit Facility Agreement is
available for free at http://is.gd/E8aA4h

                       About Mint Leasing

Houston, Texas-based The Mint Leasing, Inc., is in the business of
leasing automobiles and fleet vehicles throughout the United
States.

Mint Leasing reported net income of $3.22 million on $6.45 million
of total revenues for the year ended Dec. 31, 2013, as compared
with a net loss of $238,969 on $9.97 million of total revenues in
2012.

As of Sept. 30, 2014, the Company had $15.74 million in total
assets, $16.51 million in total liabilities and a $763,555 total
stockholders' deficit.

                         Bankruptcy Warning

"We do not currently have any commitments of additional capital
from third parties or from our sole officer and director or
majority shareholders.  We can provide no assurance that
additional financing will be available on favorable terms, if at
all.  If we choose to raise additional capital through the sale of
debt or equity securities, such sales may cause substantial
dilution to our existing shareholders and/or trigger the anti-
dilution protection of the Warrants.  If we are not able to obtain
additional funding to repay the Amended Loan and our other
outstanding notes payable and debt facilities, we may be forced to
abandon or curtail our business plan, which may cause any
investment in the Company to become worthless.  Our independent
auditor has expressed substantial doubt regarding our ability to
continue as a going concern.  If we are unable to continue as a
going concern, we may be forced to file for bankruptcy protection,
may be forced to cease our filings with the Securities and
Exchange Commission, and the value of our securities may decline
in value or become worthless," the Company said in the 2013 Annual
Report.


MISSISSIPPI PHOSPHATES: Goes to March 24 Auction with No Lead Bid
-----------------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that Mississippi Phosphates Corp., a producer of
diammonium phosphate fertilizer, received approval from a judge in
Gulfport, Mississippi, for procedures governing the sale of most
assets.

According to the report, with no buyer yet under contract, the
company will get bids from interested parties by March 17.  An
auction is set for March 24 in advance of an April 17 sale-approval
hearing, the report related.  During the sale process, the company
must facilitate communication between bidders and state and federal
environmental regulatory authorities, the report further related,
citing the order.

                    About Mississippi Phosphates

Mississippi Phosphates Corporation is a major United States
producer and marketer of diammonium phosphate ("DAP"), one of the
most common types of phosphate fertilizer.  MPC, which was formed
as a Delaware corporation in October 1990, owns a DAP facility in
Pascagoula, Mississippi, which was acquired from Nu-South, Inc. in
its 1990 bankruptcy.  Phosphate rock, the primary raw material
used
in the production of DAP, is being supplied by OCP S.A., a
corporation owned by the Kingdom of Morocco.

The parent, Phosphate Holdings, Inc., was formed in December 2004
in connection with the bankruptcy reorganization of MPC and its
then-parent Mississippi Chemical Corporation, the first fertilizer
cooperative in the United States.

As of Oct. 27, 2014, MPC has a work force of 250 employees, broken
into 224 regular employees and 26 "nested" third-party contract
employees.

MPC and its subsidiaries, namely Ammonia Tank Subsidiary, Inc.,
and
Sulfuric Acid Tanks Subsidiary, Inc., sought Chapter 11 bankruptcy
protection (Bankr. S.D. Miss. Lead Case No. 14-51667) on Oct. 27,
2014.  Judge Katharine M. Samson is assigned to the cases.

Mississippi Phosphates disclosed $98.8 million in assets and $141
million plus an unknown amount in liabilities.  Affiliates Ammonia
Tank and Sulfuric Acid Tanks each estimated $1 million to $10
million in both assets and liabilities.

The Debtors have tapped Stephen W. Rosenblatt, Esq., at Butler
Snow
LLP as counsel.  The official committee of unsecured creditors
tapped Burr & Forman LLP as its counsel.


MOBILEBITS HOLDINGS: GBH CPAs Expresses Going Concern Doubt
-----------------------------------------------------------
MobileBits Holdings Corporation filed with the U.S. Securities and
Exchange Commission its annual report on Form 10-K for the fiscal
year ended Oct. 31, 2014.

GBH CPAs, PC, expressed substantial doubt about the Company's
ability to continue as a going concern, citing that the Company has
suffered recurring losses from operations, has a working capital
deficit and has not completed its efforts to establish a stable
recurring source of revenues sufficient to cover its operating
costs for the next twelve months.

The Company reported a net loss of $11.8 million on $418,000 of
total revenues for the fiscal year ended Oct. 31, 2014, compared to
a net loss of $21.4 million on $1.84 million of total revenues in
2013.

The Company's balance sheet at Oct. 31, 2014, showed $2.34 million
in total assets, $1.71 million in total liabilities, $1.2 million
in redeemable common stock, and a stockholders' deficit of
$577,000.

A copy of the Form 10-K is available at:
                              
                       http://is.gd/qNlw7V
                          
MobileBits Holdings Corporation is a Sarasota, Florida-based direct
mobile marketing and engagement software supplier.  The Company
offers a mobile marketing and loyalty network platform, SAMY that
enables merchants to create and manage mobile campaigns, deals,
offers, loyalty/rewards, social media and commerce to subscribed
consumers through their mobile devices.


MOHEGAN TRIBAL: May Have to Restructure Again, Fitch Says
---------------------------------------------------------
Mohegan Tribal Gaming Authority (MTGA) and Mashantucket Pequot
Tribal Nation (MPTN) may have to restructure again, according to
Fitch Ratings.  Their original restructurings did not cut enough
debt and a recovery in casino operations never materialized.  Less
than two years after restructuring its debt, MPTN is again in
default on certain debt tranches.  In the event both tribes
default, we expect MTGA's recoveries to be materially better.

The Massachusetts casino openings by MGM Resorts International and
Wynn Resorts, Ltd. will cannibalize revenues from the
Connecticut-based Mohegan Sun (owned by MTGA) and Foxwoods (MPTN).
Foxwoods should feel a greater impact, since about 32% of its
customers come from MA versus 18% for Mohegan Sun.  Assuming a loss
of 50% of the MA business and a 50% flowthrough, the casinos could
lose a combined $136 million of EBITDA.  Increased competition from
upstate New York and Philadelphia will also have an adverse effect,
but to a lesser extent.

MTGA is better positioned to weather the current headwinds with
lower leverage and having refinanced some of its debt in 2013,
reducing its interest expense by an estimated $16 million.  In
addition, MTGA's $50 million per year in relinquishment payments to
Trading Cove Associates expired in January.  MTGA's debt to EBITDA
is about 6x versus MPTN's about 12x, which may indicate that a
larger haircut is needed in MPTN's case.

In the event of a default, recoveries will likely be in the form of
a debt exchange, as is common in the Native American gaming sector.
Given that the casinos are tribal enterprises, creditors cannot
seize the assets (with the exception of Mohegan Sun at Pocono
Downs) and US bankruptcy law does not apply to tribes.  In MTGA's
and MPTN's prior restructurings, weighted average recoveries
excluding the senior-most bank debt were 86% and 23%, respectively.
The difference largely reflects MPTN's greater leverage
pre-restructuring.

Recoveries tend to be negatively correlated with debt/EBITDA
metrics at the time of default.  For the seven Native American
gaming defaults Fitch studied, Fitch calculates a par-weighted
average recovery of 54% while the par-weighted pre-restructuring
debt/EBITDA for these issuers was 5.9x.  This recovery rate is in
line with corporates secured debt recovery rate of about 58%.

Fitch's Native American gaming recovery analysis, which is based on
an NPV analysis, is detailed in a special report titled, "Native
American Gaming Insights: Default and Recovery Study: Old Troubles
in New England."  In addition to the default case studies, Fitch
discusses issues pertaining to Native American gaming recoveries
including the applicability of bankruptcy law, sovereign immunity,
unique tribal political risk and declination letters.  Fitch also
discusses its recovery rating framework for Native American gaming
issuers.



MONROE HOSPITAL: Court Confirms Chapter 11 Liquidating Plan
-----------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that Monroe Hospital LLC sold its 32-bed acute-care
surgical hospital in Bloomington, Indiana, on Dec. 31 to an
affiliate of Prime Healthcare Services Inc. and got court approval
of its Chapter 11 plan of liquidation on Feb. 19.

According to the report, the sale to Prime provided "valuable and
significant" consideration to fund the liquidation under the plan,
which contemplates recoveries for general unsecured creditors.
That recovery is unknown, the report related, citing the disclosure
statement.

                        About Monroe Hospital

Monroe Hospital, LLC, since 2006, has operated a 32 licensed bed
private acute care medical surgical hospital in Bloomington,
Indiana.  It leases the land on which the hospital is located from
MPT Bloomington, LLC.

Monroe Hospital, LLC, filed a Chapter 11 bankruptcy petition
(Bankr. S.D. Ind. Case No. 14-07417) in Indianapolis, Indiana, on
Aug. 8, 2014.  Joseph Roche signed the petition as president and
chief executive officer.  In its schedules, the Debtor disclosed
$14.3 million in total assets and $136 million in liabilities.

The case is assigned to Judge James M. Carr.  The Debtor is
represented by attorneys at Bingham Greenebaum Doll LLP.  Upshot
Services LLC acts as the Debtor's noticing, claims and balloting
agent.


NATIONAL CINEMEDIA: Arrowpoint Reports 6.8% Stake as of Dec. 31
---------------------------------------------------------------
In a Schedule 13G filed with the U.S. Securities and Exchange
Commission, Arrowpoint Asset Management, LLC disclosed that as of
Dec. 31, 2014, it beneficially owned 4,136,209 shares of common
stock of National CineMedia, Inc., which represents 6.8 percent of
the shares outstanding.  A copy of the regulatory filing is
available for free at http://is.gd/F3OIpu

                      About National CineMedia

National CineMedia, Inc., is the holding company of National
CineMedia, LLC.  NCM LLC operates the largest digital in-theatre
network in North America, allowing NCM to distribute advertising,
Fathom entertainment programming events and corporate events under
long-term exhibitor services agreements with American Multi-Cinema
Inc., a wholly owned subsidiary of AMC Entertainment Inc.; Regal
Cinemas, Inc., a wholly owned subsidiary of Regal Entertainment
Group; and Cinemark USA, Inc., a wholly owned subsidiary of
Cinemark Holdings, Inc.  NCM LLC also provides such services to
certain third-party theater circuits under "network affiliate"
agreements, which expire at various dates.

As of Sept. 25, 2014, National CineMedia had $994 million in
total assets, $1.19 billion in total liabilities and a $200.2
million total deficit.

                            *    *    *

As reported by the TCR on March 24, 2011, Standard & Poor's
Ratings Services raised its corporate credit ratings on
Centennial, Colorado-based National CineMedia Inc. and
operating subsidiary National CineMedia LLC (which S&P analyzes on
a consolidated basis) to 'BB-' from 'B+'.  "The 'BB-' corporate
credit rating reflects S&P's expectation that NCM's EBITDA growth
will enable the company to continue to de-lever over the
intermediate term despite its aggressive dividend policy," said
Standard & Poor's credit analyst Jeanne Shoesmith.


NATROL INC: Disclosure Statement Hearing Set for March 30
---------------------------------------------------------
Judge Brendan Linehan Shannon of the U.S. Bankruptcy Court for the
District of Delaware will convene a hearing on March 30, 2015, at
10:00 a.m. (prevailing Eastern Time) to consider the adequacy of
the disclosure statement explaining the Chapter 11 liquidating plan
filed by Leaf123, Inc., f/k/a Natrol Inc., and its debtor
affiliates.

As previously reported by The Troubled Company Reporter, the
Debtors filed with the Court a Chapter 11 plan of liquidation and
accompanying disclosure statement, pursuant to which tax refunds
and credits, all shares of capital stock or other Equity Interests
in Natrol UK, all Avoidance Actions not otherwise purchased by the
Buyer under the Purchase Agreement, the proceeds from prepetition
litigation, the proceeds from the Sale Transaction, and certain
other assets are being pooled and distributed to persons or
entities holding allowed claims in accordance with the priorities
of the Bankruptcy Code.

Under the Plan, Class 1 (Non-priority Tax Claims) and Class 2
(General Unsecured Claims) are unimpaired and will receive 100% of
their allowed claims amount.

Class 3 (Equity Interests) is impaired and is the only class
entitled to vote on the Plan.  On the Effective Date, all equity
interests in Leaf123 Products, Leaf123 Direct, Leaf123 Acquisition
Corp., Leaf123 Nutrition, Leaf123 Research Institute, and Natrol
UK
will be deemed cancelled, and Holders of Equity Interests in these
Debtors will not receive any distribution on account of such
interests.

The Debtors have obtained extension of their exclusive plan filing
period through and including March 9, 2015, and their exclusive
solicitation period through and including May 7, 2015.

                     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 Official Committee Of Unsecured Creditors tapped Otterbourg
P.C. as lead counsel; Pepper Hamilton LLP as Delaware counsel; and
CMAG as financial advisors.

On Nov. 10, 2014, the Debtors held an auction for the sale of the
assets, and Aurobindo Pharma USA Inc. emerged as the successful
bidder.  The Court approved the sale and the sale closed on Dec. 4,
2014.

                            *     *     *

The Troubled Company Reporter, on Feb. 23, 2015, reported that
Leaf123, Inc., f/k/a Natrol Inc., and its debtor affiliates filed
with the U.S. Bankruptcy Court for the District of Delaware a
Chapter 11 plan of liquidation and accompanying disclosure
statement, pursuant to which tax refunds and credits, all shares of
capital stock or other Equity Interests in Natrol UK, all
Avoidance Actions not otherwise purchased by the Buyer under the
Purchase Agreement, the proceeds from prepetition litigation, the
proceeds from the Sale Transaction, and certain other assets are
being pooled and distributed to persons or entities holding allowed
claims in accordance with the priorities of the Bankruptcy Code.

Under the Plan, Class 1 (Non-priority Tax Claims) and Class 2
(General Unsecured Claims) are unimpaired and will receive 100% of
their allowed claims amount.  Class 3 (Equity Interests) is
impaired and is the only class entitled to vote on the Plan.  On
the Effective Date, all equity interests in Leaf123 Products,
Leaf123 Direct, Leaf123 Acquisition Corp., Leaf123 Nutrition,
Leaf123 Research Institute, and Natrol UK will be deemed cancelled,
and Holders of Equity Interests in these Debtors will not receive
any distribution on account of such interests.

The Debtors will present the Disclosure Statement for approval at a
hearing on March 30, 2015, at 10:00 a.m. (prevailing Eastern Time).
Objections, if any, must be submitted on or before March 18.



NII HOLDINGS: Supplements Employment of EY LLP with Tax Assistance
------------------------------------------------------------------
NII Holdings, Inc., et al., obtained approval to expand the
services provided by Ernst & Young LLP.  EY LLP is authorized to
provide additional services to the Debtors pursuant to (i) the
Global Mobility Tax Assistance Statement of Work; and (ii) the Tax
Provision Assistance Statement of Work.

The Debtors previously obtained approval to employ EY LLP to
provide certain accounting services to the Debtors nunc pro tunc to
the Petition Date under the terms and conditions set forth in the
master services engagement letter between the Debtors and EY LLP
and the related TAS valuation statement of work and fresh-start
accounting assistance statement of work, as modified by
the retention order.

                         About NII Holdings

NII Holdings Inc. through its subsidiaries provides wireless
communication services for businesses and consumers in Brazil,
Mexico and Argentina.  NII Holdings has the exclusive right to use
the Nextel brand in its markets pursuant to a trademark license
agreement with Sprint Corporation and offers unique push-to-talk
("PTT") services associated with the Nextel brand in Latin
America.
  NII Holdings' shares of common stock, par value $0.001, are
publicly traded under the symbol NIHD on the NASDAQ Global Select
Market.

NII Holdings and its affiliated debtors sought bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 14-12611) in Manhattan
on
Sept. 15, 2014.  The Debtors' cases are jointly administered and
are assigned to Judge Shelley C. Chapman.

The Debtors have tapped Scott J. Greenberg, Esq., and Michael J.
Cohen, Esq., of Jones Day as counsel and Prime Clerk LLC as claims
and noticing agent.  NII Holdings disclosed $1.22 billion in
assets
and $3.068 billion in liabilities as of the Chapter 11 filing.

The U.S. Trustee for Region 2 appointed five creditors of NII
Holdings to serve on the official committee of unsecured
creditors.
  The Committee is represented by Kenneth H. Eckstein, Esq., and
Adam C. Rogoff, Esq., at KRAMER LEVIN NAFTALIS & FRANKEL LLP.

Capital Group, one of the Backstop Parties, is represented by
Andrew N. Rosenberg, Esq., Elizabeth R. McColm, Esq., and Lawrence
G. Wee, Esq., at PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP.

Aurelius, one of the Backstop Parties, is represented by Daniel H.
Golden, Esq., David H. Botter, Esq., and Brad M. Kahn, Esq., at
AKIN GUMP STRAUSS HAUER & FELD LLP.

                            *   *   *

A Jan. 28, 2015 hearing is currently scheduled to consider the
adequacy of the disclosure statement explaining NII Holdings, Inc.,
et al.'s joint plan of reorganization.

The Plan and Disclosure Statement, filed on Dec. 22, 2014, allow
the Debtors to strengthen their balance sheet by converting $4.35
billion of prepetition notes into new stock and provide the Debtors
with $500 million of new capital.  The Plan also permits the
Debtors to avoid the incurrence of significant litigation costs and
delays in connection with potential litigation claims and exit
bankruptcy protection expeditiously and with sufficient liquidity
to execute their business plan.



NPS PHARMACEUTICALS: Provides Employees with Merger Update
----------------------------------------------------------
NPS Pharmaceuticals filed with the U.S. Securities and Exchange
Commission a copy of a letter from Carrie Frey, Shire Head of
Corporate Planning and Program Management and Integration Lead, to
employees dated Feb. 16, 2015, to give updates regarding the Shire
and NPS Pharma integration.  The letter reads:

Dear NPS Pharma Colleagues,

When the Shire team first met with you last month following the
initial merger announcement, we committed to communicating
information to you when it became available.  Today, I would like
to share with you an update regarding the transaction process as
well as more information on Shire's overarching approach to the
integration planning.

As the Shire Integration Lead, I am working closely with the
designated NPS Pharma Integration Lead, Susan Graf, to ensure the
teams are working together and sharing the appropriate information
for the benefit of both NPS Pharma and Shire throughout the
integration process.

Transaction Update

On January 27th, the Federal Trade Commission and Department of
Justice Antitrust Division granted early termination of the
required waiting period under the Hart-Scott-Rodino Antitrust
Improvements Act relating to Shire's proposed acquisition NPS
Pharma.  Closing of the transaction remains subject to the
satisfaction of customary closing conditions, including the minimum
tender condition.  Until this has been achieved, Shire and NPS are
working diligently on integration planning.  We still anticipate
closing the transaction in the first quarter of this year.

Overarching Approach to Integration Planning

Once the transaction closes, it is Shire's intention to integrate
NPS Pharma employees, products and programs into Shire as quickly
as feasible, while being mindful of all the ongoing work and key
business activities already occurring.  Shire anticipates taking a
phased approach to ensure we do not compromise the excellent
customer and patient service - as well as business performance -
that NPS Pharma continues to deliver.

To ensure a successful integration, Shire has identified five
critical success factors we need to achieve to realize the
patient/customer, business, and other benefits of this
acquisition:

1. Gattex/Revestive: Accelerate and deliver greater availability
   to patients in the US and EU driven by effective integration of
   sales force and commercial support groups;

2. Natpara/Natpar: Maximize value by achieving regulatory approval
   (EU) and ensuring successful launch;

3. Retain and transition talent; ensure appropriate planning to
   support short/mid-term business continuity with a focus on
   talent retention;

4. Ensure Natpara launch product supply continuity; and

5. Deliver assumed synergies.

Shire has also established a Core Integration Team, which has both
Susan Graf and Susan Mesco as members.  This Core Integration Team
is supported by sub-team leads for each of Shire's key
functional/business lines of responsibility: Supply Chain, Real
Estate and Facilities, IT, Compliance, Legal, Communications, R&D,
Finance, Human Resources, GI and Internal Medicine Business Unit,
Global Commercial Operations, and International Commercial.

Each sub-team lead is responsible for developing integration plans
for their areas of responsibility around three durations of timing:
Day/Week 1; Day 30 and Day 100 and beyond.  To help inform and to
develop these plans, various Shire teams have been meeting with NPS
Pharma colleagues to learn more about your business, your
organizational structure, your work responsibilities and about the
NPS Pharma employees.  And although there are many similarities
between our two companies, we realize there is much we need to
learn from you to ensure a seamless integration and maintain
business continuity.  By design, this means there will likely be
variations in terms of the integration planning and implementation
by sub-team or functional area, based on a number of factors,
including the size, scope, and complexity of a functional/business
area.  Therefore, it is possible that you may hear different
information about the planning process and/or decisions from Shire
managers, depending on the sub-team(s) with which they are
interacting.

What to Expect Now and Following Close
While this is an exciting time, we understand it is also a time of
significant change for you.  Please know that Shire will do
everything we can to make the integration process as quick, fair,
and transparent as we can.  Following the closing of the
transaction, as we integrate our two companies, our promise is to
maintain an open dialogue with you.  We will strive to communicate
decisions as soon as they are made.

We also recognize that everyone is anxious to understand their
positions in the Shire organization post-close; I would like to
emphasize that we will take the time necessary to understand your
organization and people before these decisions.  Please be assured
that while our goal is to ensure business continuity and stability,
we will also work diligently to give people clarity on their
positions as soon as possible.  In the meantime, we are making
available the accompanying series of Q&As to address some of the
questions posed so far.

There are two groups that we are  able to provide clarity to at
this time - the US Natpara and Gattex and European Revestive sales
forces, as well as the NPS Advantage Care Coordinators.  Our plan
is to fully retain both teams.  As you know, there is a significant
amount of work to be done to maximize the growth of
Gattex/Revestive, and we will look to the NPS Pharma sales team to
partner with Shire in order to accomplish this goal.  The Natpara
team has been working diligently on launch plans for this exciting
new product.  We are confident in the work that has been done up
until this point, and look forward to working with the Natpara
sales team to help them achieve the goals they set forth for
themselves.  Finally, the NPS Advantage Care Coordinators play a
crucial role, ranging from questions on reimbursement to changes to
patients' treatment.  It is critical to ensure there is continuity
of care patients receive from this group.  These teams will find
out more about any changes to reporting structures after the close
of the transaction.

Next Steps

After the closing of the transaction is announced, we plan to host
welcome receptions and Town Hall meetings at the major NPS Pharma
sites.  There will be Shire leaders onsite to have meetings with
you and your team, and will be able to inform you directly about
the process and timelines for learning final decisions about your
roles within Shire.

We are all excited about our combined future ahead, and we are
grateful for the openness and graciousness of NPS Pharma employees
to help us learn more about you and your business over the past few
weeks.  If you have further questions about our integration
process, please don’t hesitate to reach out to your integration
leaders.

We are excited about joining our two companies together in the near
future in order to bring more products and services to our
customers, including patients and families, around the world.  Our
intention is to build on your successes - which will require a
smooth and transparent integration with you.  We look forward to
making this happen together.

Kind regards,

Carrie Frey

                     About NPS Pharmaceuticals

Based in Bedminster, New Jersey, NPS Pharmaceuticals Inc. (Nasdaq:
NPSP) -- http://www.npsp.com/-- is developing new treatment
options for patients with rare gastrointestinal and endocrine
disorders.

NPS Pharmaceuticals reported a net loss of $13.5 million in 2013,
a net loss of $18.7 million in 2012 and a net loss of $36.3
million in 2011.  The Company posted consolidated net loss of
$31.4 million in 2010 and a net loss of $17.9 million in 2009.

The Company's balance sheet at Sept. 30, 2014, showed $282
million in total assets, $151 million in total liabilities and
$131 million in total stockholders' equity.


PASSAIC AIR: Can Ink Management Agreement with MedStar Surgical
---------------------------------------------------------------
The U.S. Bankruptcy Court authorized Passaic Healthcare Services,
LLC, to enter into a management agreement with MedStar Surgical &
Breathing Equipment, Inc.  Postpetition, MedStar is expected to
provide durable medical equipment and other healthcare billing and
accounts receivable collection, management and operation services.

On Dec. 15., 2014, PHS entered into a billing services agreement
with MedStar.  Under the prepetition agreement, 40 PHS employees
transitioned to MedStar in order to preserve and maintain jobs and
health benefits for the employees.  MedStar also agreed to cover
$400,000 of PHS' costs associated with liquidating its accounts
receivable and DME rental base in New York.  As consideration for
entering into the agreement, MedStar received all new order in PHS'
DME and respiratory line in New York.
According to the Debtor, the billing services agreement was
essential to reduce the Debtors' payroll and a line of business,
specifically the New York durable medical equipment which was
losing approximately $400,000 per month.

MedStar has agreed to perform under the agreement at a below-market
rate.

MedStar will render, among other things:

   1. deliver, or arrange for the delivery of, equipment on behalf
of the Debtors to existing clients and patients;

   2. manage the Debtors' customer service function; and

   3. manage PHS' warehouse in Plainview, New York.

Medstar will receive a management fee of 20% of all cash receipts
of the Debtors minus certain designated expenses of the Debtors
during the term of the agreement.

Under the agreement, the Debtors estimate a potential monthly cost
savings of $200,000.

A copy of the management agreement is available for free at

    http://bankrupt.com/misc/PASSAIC_121_mgtagreementord.pdf

                      Committee's Objection

The Official Committee of Unsecured Creditors submitted a limited
objection and reservation of rights to the Debtors' motion, stating
that the proposed transaction with Medstar, appears, at least on
its face, as a disguised sale and purchase agreement for the
collection of the Debtors' receivables well as certain of the
Debtors' assets, for nominal consideration to the Debtors' estates
and creditors.  It also noted that the transaction also provides
Medstar with (a) a management fee of 20% of all of the Debtors'
cash receipts minus certain nominal expenses for the period of time
the agreement is in effect, and (b) a one-time payment of $175,000.


The Committee is represented by:

         Robert M. Hirsh, Esq.
         Leah M. Eisenberg
         ARENT FOX LLP
         1675 Broadway
         New York, NY 10019
         Tel: (212) 484-3900
         Fax: (212) 484-3990
         E-mail: robert.hirsh@arentfox.com
                 leah.eisenberg@arentfox.com

                      About Passaic Healthcare

Based in Plainview, New York, Passaic Healthcare Services, LLC,
doing business as Allcare Medical, is a full service durable
medical equipment company specializing in clinical respiratory,
wound care and support services.  Passaic, which employs 200
individuals, has seven locations in New Jersey, New York and
Pennsylvania.

Passaic began operations in December 2010 after it acquired
substantially all of the assets of C&C Homecare, Inc., and
Extended Care Concepts through a bankruptcy sale under 11 U.S.C.
Sec. 363.
After acquiring 100% of the equity interests in Galloping Hill
Surgical, LLC, and Allcare Medical SNJ, LLC, Passaic began using
"Allcare Medical" as trade name for its entire business, and
discontinued marketing under the name C&C Homecare.

Passaic Healthcare filed a Chapter 11 bankruptcy petition (Bankr.
D.N.J. Case No. 14-36129) in Trenton, New Jersey, on Dec. 31,
2014.  The case is assigned to Judge Christine M. Gravelle.

The Debtor has tapped Joseph J. DiPasquale, Esq., and Thomas
Michael Walsh, Esq., at Trenk, DiPasquale, Della Fera & Sodono,
P.C., in West Orange, New Jersey, as counsel.

The Debtor disclosed $15,663,665 in assets and $46,734,414 in
liabilities as of the Chapter 11 filing.

The Debtor's exclusive period to propose a plan of reorganization
expires on April 30, 2015.



PORT AGGREGATES: Hearing on Case Dismissal Continued Until May 12
-----------------------------------------------------------------
The U.S. Bankruptcy Court continued until May 12, 2015, at 1:00
p.m., the hearing to consider the motion to dismiss the Chapter 11
case of Port Aggregates Inc.

Several disgruntled shareholders have sought the dismissal of the
case, contending that the case was not filed in good faith.

As reported in the Troubled Company Reporter on Jan. 9, 2015, the
disgruntled shareholders claim that the Chapter 11 is an effort by
the majority shareholders, officers, and directors to circumvent
state law and state court proceedings to gain an unfair advantage.
This case is designed to protect the officers and directors of the
Debtor from being held accountable for their actions, the
shareholders assert.

The Disgruntled Shareholders note that a motion for the appointment
of an examiner is an attempt to thwart the clearly needed
derivative action.  The hope is that an examiner will find some
basis upon which the officers and directors of the Debtor can rely
in arguing against the continuation of a state court action.  They
state that the Debtor will be the beneficiary of the successful
prosecution of the State Court Action, not anyone else except such
benefit that might inure by virtue of being a shareholder of the
Debtor.  The Debtor stands to lose nothing through the successful
prosecution of the State Court Action, they add.

The Disgruntled Shareholders are James P. Guinn and Timothy J.
Guinn and William R. Guinn, Ellen Guinn Martel, Philip L. Guinn,
and Nathaniel Stuart Guinn, Individually, and as Trustee for the
Caroline T. Guinn Trust, the James Paul Guinn, Jr. Trust, the Joel
M. Guinn Trust, the Laura Katherine Guinn Trust, the Christian J.
Guinn Trust and the Anna C. Guinn Trust.  

                      About Port Aggregates

Port Aggregates, Inc., filed a Chapter 11 bankruptcy petition
(Bankr. W.D. La. Case No. 14-51580) in Lafayette, Louisiana, on
Dec. 19, 2014, without stating a reason.  The Debtor disclosed  
$34,145,728 in assets and $15,720,035 in liabilities as of the
Chapter 11 filing.

The Debtor is required to submit a Chapter 11 plan and disclosure
statement by April 20, 2015.

The case is assigned to Judge Robert Summerhays.  The Debtor has
tapped Louis M. Phillips, Esq., at Gordon, Arata, McCollam,
Duplantis & Eagan LLC, as counsel.

The petition was signed by Andrew L. Guinn, Sr., president.



NII Holdings, Inc., et al., obtained approval to expand the
services provided by Ernst & Young LLP.  EY LLP is authorized to
provide additional services to the Debtors pursuant to (i) the
Global Mobility Tax Assistance Statement of Work; and (ii) the Tax
Provision Assistance Statement of Work.

The Debtors previously obtained approval to employ EY LLP to
provide certain accounting services to the Debtors nunc pro tunc to
the Petition Date under the terms and conditions set forth in the
master services engagement letter between the Debtors and EY LLP
and the related TAS valuation statement of work and fresh-start
accounting assistance statement of work, as modified by
the retention order.

                         About NII Holdings

NII Holdings Inc. through its subsidiaries provides wireless
communication services for businesses and consumers in Brazil,
Mexico and Argentina.  NII Holdings has the exclusive right to use
the Nextel brand in its markets pursuant to a trademark license
agreement with Sprint Corporation and offers unique push-to-talk
("PTT") services associated with the Nextel brand in Latin
America.
  NII Holdings' shares of common stock, par value $0.001, are
publicly traded under the symbol NIHD on the NASDAQ Global Select
Market.

NII Holdings and its affiliated debtors sought bankruptcy
protection (Bankr. S.D.N.Y. Lead Case No. 14-12611) in Manhattan
on
Sept. 15, 2014.  The Debtors' cases are jointly administered and
are assigned to Judge Shelley C. Chapman.

The Debtors have tapped Scott J. Greenberg, Esq., and Michael J.
Cohen, Esq., of Jones Day as counsel and Prime Clerk LLC as claims
and noticing agent.  NII Holdings disclosed $1.22 billion in
assets
and $3.068 billion in liabilities as of the Chapter 11 filing.

The U.S. Trustee for Region 2 appointed five creditors of NII
Holdings to serve on the official committee of unsecured
creditors.
  The Committee is represented by Kenneth H. Eckstein, Esq., and
Adam C. Rogoff, Esq., at KRAMER LEVIN NAFTALIS & FRANKEL LLP.

Capital Group, one of the Backstop Parties, is represented by
Andrew N. Rosenberg, Esq., Elizabeth R. McColm, Esq., and Lawrence
G. Wee, Esq., at PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP.

Aurelius, one of the Backstop Parties, is represented by Daniel H.
Golden, Esq., David H. Botter, Esq., and Brad M. Kahn, Esq., at
AKIN GUMP STRAUSS HAUER & FELD LLP.

                            *   *   *

A Jan. 28, 2015 hearing is currently scheduled to consider the
adequacy of the disclosure statement explaining NII Holdings, Inc.,
et al.'s joint plan of reorganization.

The Plan and Disclosure Statement, filed on Dec. 22, 2014, allow
the Debtors to strengthen their balance sheet by converting $4.35
billion of prepetition notes into new stock and provide the Debtors
with $500 million of new capital.  The Plan also permits the
Debtors to avoid the incurrence of significant litigation costs and
delays in connection with potential litigation claims and exit
bankruptcy protection expeditiously and with sufficient liquidity
to execute their business plan.



PRECISION MEDICAL: Section 341(a) Meeting Continued to March 10
---------------------------------------------------------------
The U.S. Trustee for Region 15 will continue the meeting of
creditors of Precision Medical Holdings Inc. on March 10, 2015 at
9:00 a.m., at 402 W. Broadway, Emerald Plaza Building, Suite 660
(B), Hearing Room B in San Diego, California.

This is the first meeting of creditors required under Section
341(a) of the Bankruptcy Code in all bankruptcy cases.

All creditors are invited, but not required, to attend.  This
meeting of creditors offers the one opportunity in a bankruptcy
proceeding for creditors to question a responsible office of the
Debtor under oath about the company's financial affairs and
operations that would be of interest to the general body of
creditors.

                           About PMH

Torrey Pines Precision Medical, LLC, Nikolay Savchuk, and American
Medical Wholesale, which are collectively owed $3.7 million, filed
an involuntary Chapter 11 petition against Precision Medical
Holding, Inc., aka Precision Repair Network (Bankr. S.D. Cal. Case
No. 14-09522) on Dec. 8, 2014.

The Petitioning Creditors are represented by Jeffry A. Davis, Esq.,
Mintz Levin Cohn Ferris Glovsky & Popeo, in San Diego, California.


PRECISION MEDICAL: Trustee Okayed to Pay $19,600 Prepetition Debt
-----------------------------------------------------------------
The U.S. Bankruptcy Court authorized Richard M. Kipperman as
Chapter 11 trustee for Precision Medical Holdings, Inc., to satisfy
the prepetition debt of Kinsale Insurance Company of approximately
$19,581 or any reasonably similar amount necessary for reinstating
general liability insurance to Debtor's subsidiary Universal
Medical Rentals & Equipment.

The insurance provider Kinsale Insurance Company is a critical
vendor to Debtor and payment of the outstanding prepetition debt is
necessary for reinstating general liability insurance to Debtor's
subsidiary Universal Medical Rentals & Equipment is necessary and
appropriate  because the Precision Network will suffer irreparable
harm if the Court does not promptly allow the trustee to pay the
outstanding balance.

Due to the Jan. 27, 2015 deadline for reporting insurance coverage
to Medicare, Universal's failure to obtain immediate coverage could
result in a loss of Universal's Medicare enrollment and PTAN
number—essentially ending its business and foreclosing its
ability to collect on hundreds of thousands of invoices and
accounts receivable.

                           About PMH

Torrey Pines Precision Medical, LLC, Nikolay Savchuk, and American
Medical Wholesale, which are collectively owed $3.7 million, filed
an involuntary Chapter 11 petition against Precision Medical
Holding, Inc., aka Precision Repair Network (Bankr. S.D. Cal. Case
No. 14-09522) on Dec. 8, 2014.

The Petitioning Creditors are represented by Jeffry A. Davis, Esq.,
Mintz Levin Cohn Ferris Glovsky & Popeo, in San Diego, California.

The Court appointed Richard M. Kipperman as Chapter 11 trustee for
the Debtor's estate.


PREMIER GOLF: Schedules and Statement Due March 10
--------------------------------------------------
Premier Golf Properties, LP, sought bankruptcy protection (Bankr.
S.D. Cal. Case No. 15-01068) in San Diego, California, on Feb. 24,
2015, without stating a reason.  The Debtor estimated $10 million
to $50 million in assets and debt.  According to the docket, the
official schedules of assets and liabilities, as well as the
statement of financial affairs, are due March 10, 2015.  Judge
Christopher B. Latham presides over the case.  Jack Fitzmaurice,
Esq., at Fitzmaurice & Demergian, in Chula Vista, California,
serves as counsel to the Debtor.


PRONERVE HOLDINGS: Files for Ch. 11 to Sell Biz for $35 Million
---------------------------------------------------------------
ProNerve Holdings, LLC, sought bankruptcy protection with a deal to
sell most of its assets for $35 million to SpecialtyCare IOM
Services, LLC, in the form of a credit, absent higher and better
offers.

ProNerve provided intraoperative neurophysiologic monitoring
("IOM") services for nearly 25,000 patient cases in 2014.  In 2014,
ProNerve had net revenue of $31 million and a net loss of $9
million.

As of the bankruptcy filing, the Debtors have $43.2 million in
principal amount outstanding pursuant to secured loans provided by
General Electric Capital Corp. and Regions Capital Markets.
SpecialtyCare acquired all of the debt outstanding prepetition.

The Debtors estimate that as of the Petition Date they have $5.3
million of outstanding unsecured debt.

The sale to SpecialtyCare is subject to higher and better offers.
The proposed sale, auction and bidding procedures contemplate that
(i) the auction will occur on March 27, 2015, and (ii) the Court
will enter an order approving a sale to SpecialtyCare or the person
presenting the highest or otherwise best bid at the auction no
later than March 31, 2015 (or no later than March 24, 2015 if no
auction is held).

                   Events Leading to Ch. 11 Cases

Since 2012, in an effort to increase market share, ProNerve has
acquired the assets of several IOM service providers, including (i)
Northwest Neuradiagnostics, Inc., in February 2012, (ii)
Intraoperative Monitoring Services, LLC, in October 2012, (iii)
PhysIOM Group, LLC, and its affiliates in December 2012, and (iv)
Broncor, Inc., in October 2013.  Unfortunately, many of these
acquisitions have resulted in significant accrued liabilities on
account of earnout obligations, which have affected ProNerve's
balance sheet, including its ability to timely service its loan
commitments.

Additionally, there has been a high rate of turnover among
ProNerve's senior management, which has created operational
difficulties.  For example, over the past three years, ProNerve has
had four difference CEOs and four different CFOs.

For calendar years 2012, 2013 and 2014, ProNerve's net revenue was
$14.2 million, $32 million and $31 million, respectively.  Its net
loss was $5.8 million, $3.7 million, and $9 million, respectively.
The number of patient cases utilizing the IOM services provided by
ProNerve and its affiliated practices in 2012, 2013 and 2014 was
11,000, 28,000 and 25,000, respectively.

Beginning in early 2012, ProNerve and its advisors, including
ProNerve's private equity sponsor, began exploring multiple
restructuring alternatives as a result of ProNerve's ongoing
financial struggles.  In November 2013, ProNerve retained A&M to
assist with general revenue cycle and cash collection items.
During this time, ProNerve failed to make scheduled principal
payments due under Credit Agreement on Jan. 2, 2014.  Shortly
thereafter on Jan. 6, 2014, ProNerve expanded A&M's retention to
include the appointment of George D. Pillari as chief restructuring
officer.  

In connection with negotiations between the parties to the Credit
Agreement, GE Capital, as agent, and ProNerve, among others,
executed forbearance agreements, pursuant to which GE Capital
agreed to forbear from exercising its default remedies through Oct.
2, 2014.  In connection therewith, the Sponsor agreed to provide a
cash equity investment to ProNerve in an amount equal to at least
$2.5 million.  The Sponsor ultimately made a total cash equity
infusion of $5 million.

Despite the Sponsor's cash equity infusion, ProNerve's liquidity
continued to dwindle during the forbearance period, and its
financial health become more desperate.  ProNerve failed to make
certain scheduled principal payments due on Jan. 1, 2015.

Due to the myriad regulatory and financial issues faced by
ProNerve, none of the out-of-court restructuring alternatives
pursued by ProNerve and its advisors proved viable.  After
consideration of all reasonably available alternatives, and in
light of the Debtors' liquidity constraints and other related
business challenges, the Debtors and their managers and officers
determined, in an exercise of their business judgment, that it
would be in the Debtors' best interest to commence the Chapter 11
cases and pursue a sale of substantially all of the Debtors' assets
pursuant to 11 U.S.C. Sec. 363.

In January 2015, A&M and ProNerve's board of managers determined
that, given the Debtors' limited liquidity, an acquirer needed to
be identified and a sale of ProNerve needed to occur within 30 to
40 days.  ProNerve's board of managers determined that there was
neither the time nor the available liquidity to interview and
retain an investment banker to conduct a traditional investment
banking process, and therefore instructed A&M to seek out qualified
purchases who satisfied the size criteria and risk profile to
consummate the purchase of a distressed company like the Debtors
and also had a familiarity with the Debtors from previous merger
and acquisition discussions.

Since January 2015, A&M has contacted eight potential purchasers,
comprised of three strategic companies, one individual, and four
financial buyers.  Of the seven parties indicated an interest, six
signed confidentiality agreements.  Of the potential purchasers,
four submitted a non binding-term sheet.

The Debtors ultimately agreed to a non-binding term sheet, under
which the purchaser would acquire substantially all of the Debtors'
assets for cash consideration through an auction in the Chapter 11
cases and serve as the stalking horse bidder.  However, several
days after executing the term sheet, the purchaser stated its
intent to withdraw from the sale process entirely.

Immediately thereafter, the Debtors and their advisors contacted
certain affiliates of SpecialtyCare, which had previously submitted
a non-binding term sheet during the initial sale process.  After
negotiations between the parties, the Debtors ultimately agreed to
a non-binding term sheet with SpecialtyCare.

Prior to the Petition Date, SpecialtyCare acquired all of the debt
outstanding from GE and Regions.  The Debtors and SpecialtyCare
executed the Asset Purchase Agreement, dated Feb. 24, 2015, under
which SpecialtyCare agreed to purchase substantially all of the
Debtors' assets with a credit bid through an auction, and serve as
the stalking horse bidder.  The buyer also agreed to provide a DIP
financing facility to fund the Debtor's operations during the
Chapter 11 cases.

                         First Day Motions

The Debtors on the Petition Date filed motions to:

   -- jointly administer their Chapter 11 cases;

   -- maintain their existing bank accounts;

   -- pay wages and other compensation totaling $1.074 million owed
to employees.

   -- continue insurance coverage entered into prepetition;

   -- pay $125,000 in critical trade vendor claims; and

   -- obtain debtor-in-possession financing of up to $2.5 million.

A copy of the affidavit in support of the first-day motions is
available for free at:

       http://bankrupt.com/misc/ProNerve_1st_Day_Affidavit.pdf

                      About ProNerve Holdings

Founded in 2008, ProNerve is headquartered in a suburb of Denver,
Colorado.  ProNerve and certain affiliated practice entities
provide intraoperative neurophysiologic monitoring ("IOM") services
to health systems, acute care hospitals, specialty hospitals,
ambulatory surgical centers, surgeons, and physician groups in more
than 25 states.  

ProNerve Holdings, LLC and its affiliates sought Chapter 11
protection (Bankr. D. Del. Case No. 15-10373) on Feb. 24, 2015,
with a deal to sell assets to SpecialtyCare IOM Services, LLC for a
credit bid of $35 million.

The cases are assigned to Judge Kevin J. Carey.

The Debtor tapped Pepper Hamilton LLP as counsel, and The Garden
City Group, Inc., as claims and noticing agent.


PRONERVE HOLDINGS: SpecialtyCare Has Weil Gotshal & RLF as Counsel
------------------------------------------------------------------
SpecialtyCare IOM Services, LLC, signed a deal to purchase the
assets of ProNerve Holdings for a credit bid of $35 million.
  
SpecialtyCare is represented by:

      WEIL, GOTSHAL & MANGES LLP
      Debra A. Dandeneau, Esq.
      767 Fifth Avenue
      New York, NY 10153
      Telephone: (212) 310-8729
      Facsimile: (212) 310-8007
      E-mail: debra.dandeneau@weil.com

             - and -

      RICHARDS, LAYTON & FINGER, P.A.
      Paul N. Heath, Esq.
      Zachary I. Shapiro, Esq.
      One Rodney Square
      920 North King Street
      Wilmington, DE 19801
      Telephone: (302) 651-7700
      Facsimile: (302) 651-7701
      E-mail: heath@rlf.com
              shapiro@rlf.com

The Buyer can be reached at:

      SpecialtyCare IOM Services LLC
      Attn: Eric Schondorf, General Counsel
      299 Park Avenue, 34th Floor
      New York, NY 10171
      E-mail: eschondorf@american-securities.com

                      About ProNerve Holdings

Founded in 2008, ProNerve is headquartered in a suburb of Denver,
Colorado.  ProNerve and certain affiliated practice entities
provide intraoperative neurophysiologic monitoring ("IOM") services
to health systems, acute care hospitals, specialty hospitals,
ambulatory surgical centers, surgeons, and physician groups in more
than 25 states.  

ProNerve Holdings, LLC and its affiliates sought Chapter 11
protection (Bankr. D. Del. Case No. 15-10373) on Feb. 24, 2015,
with a deal to sell assets to SpecialtyCare IOM Services, LLC for a
credit bid of $35 million.

The cases are assigned to Judge Kevin J. Carey.

The Debtor tapped Pepper Hamilton LLP as counsel, and The Garden
City Group, Inc., as claims and noticing agent.


PULSE ELECTRONICS: Chief Operating Officer Resigns
--------------------------------------------------
Alan H. Benjamin resigned from his role as chief operating officer
of Pulse Electronics Corporation on Feb. 20, 2015, according to a
document filed with the Securities and Exchange Commission.

The Company and Mr. Benjamin entered into a separation agreement
and release of claims as of Feb. 20, 2015.  Provided that he
delivers a customary release of claims within 45 days of the date
of the Separation Agreement and does not revoke such release within
seven days thereof, the Separation Agreement provides that Mr.
Benjamin will be entitled to payment of his base salary through the
end of February 2015, a one-time payment of $100,000 on May 1,
2015, an additional severance of $1,375,000 payable over a six
month period, a pro rata adjusted 2015 performance bonus payable at
the same time that annual bonuses are paid to other executives of
the Company (and in no event later than March 15th, 2016), and the
continuation of certain group health plan benefits for up to 24
months.

                        Withdraws Form 15s

Pulse Electronics has filed an Amended Form 15 with the Securities
and Exchange Commission withdrawing the earlier Form 15s filed with
the Commission on Oct. 16, 2014, and Dec. 29, 2014.  The earlier
Form 15s were filed to deregister the common stock of the company
and to suspend the Company's filing obligations under the
Securities Exchange Act of 1934.  At the time of the filing of the
earlier Form 15s, the company believed it had less than 300 holders
of record based on information received from its transfer agent;
however, based on the review of newly available information, the
company now believes there were in excess of 300 holders of record
of common stock at the time of the filing of the earlier Form 15s.
Therefore, on Feb. 23, 2015, the company filed Amendment No. 1 to
the earlier Form 15 filings with the Commission to withdraw the
earlier Form 15 filings.  Accordingly, the company is resuming
compliance with the applicable reporting requirements of the
Securities Exchange Act of 1934.  The Company was not required to
file any reports with the Commission from the time its reporting
obligations ceased through the filing date of the Amended Form 15.


The Company's common stock is traded on the OTC Markets under the
symbol PULS.  The OTC Markets is an electronic network through
which participating broker-dealers can make markets and enter
orders to buy and sell shares of issuers.  The company cannot
provide any assurance that trading in its common stock will
continue on the OTC Markets or otherwise.  Cessation of such
trading could negatively impact market prices for the common stock
and make it more difficult for shareholders to sell their shares of
common stock.  The common stock remains delisted from the NYSE, and
the filing of the Amended Form 15 has no effect on that delisting.

                      About Pulse Electronics

San Diego, California-based Pulse Electronics Corporation --
http://www.pulseelectronics.com/-- is a global producer of
precision-engineered electronic components and modules, operating
in three business segments: Network product group; Power product
group; and Wireless product group.

As reported by the TCR on July 8, 2013, the Company dismissed
KPMG LLP as its independent registered public accounting
firm.  Grant Thornton LLP was hired as replacement.

Pulse Electronics reported a net loss of $27.02 million on
$356 million of net sales for the year ended Dec. 27, 2013, as
compared with a net loss of $32.09 million on $373 million of net
sales for the year ended Dec. 28, 2012.

The Company's balance sheet at Sept. 26, 2014, showed $179 million
in total assets, $250 million in total liabilities, and a
$71.5 million shareholders' deficit.


RADIOSHACK CORP: Dealer/Franchise Store Owners Form Committee
-------------------------------------------------------------
A group of independent RadioShack Dealer/Franchise store owners
has formed an ad hoc committee to represent the interests of the
participating Dealers/Franchisees in RadioShack's bankruptcy case.
The Dealer Group invites all Dealer/Franchise store owners to join
together and participate in the bankruptcy process that may impact
Dealer/Franchise store owners' ongoing business operations.

The ad hoc committee will be looking into issues of material
interest to the Dealer Group participants as a whole, including the
upcoming store sales or liquidations, treatment of dealer/franchise
agreements, treatment of customer loyalty programs after sale
transaction, and ongoing business operations.

The Dealer Group is quickly growing and already includes nearly 60
individuals representing more than 100 stores.  Ira Brezinsky, who
is chair of the ad hoc committee and also a RadioShack franchisee,
encourages all owners of the more than 900 dealer/franchise stores
in the United States to join the Dealer Group and participate in
the process.

"RadioShack has been an iconic American brand and it's sad that it
finds itself in bankruptcy.  The Dealer Group will look out for the
interests of its participants and hopes to be as helpful as
possible and positively influence the bankruptcy proceedings to
protect the interests of the relatively strong performing
dealer/franchise stores," says Mr. Brezinsky.

Participation by as many of the more than 900 independent
dealers/franchisees in the Dealer Group is essential to
representing the interests of the group in the Bankruptcy Court.
Significant participation by dealers/franchisees will enable
participating dealers/franchisees to share the cost of the ad hoc
committee (primarily counsel) at a relatively small amount
allocated to each Dealer/Franchisee.  The ad hoc committee intends
to communicate regularly with the Dealer Group and to be available
to hear matters of interest to members of the Dealer Group.  Given
the size of the Dealer Group, the committee reserves the rights to
make its own decisions, but the committee is very interested in
hearing the views of Dealer Group members.

To participate in the ad hoc committee, contact Mr. Brezinsky by
phone at (413) 219-5577 or by e-mail at
RadioShackDealerGroup@gmail.com

The ad hoc committee has selected Mintz, Levin, Cohn, Ferris,
Glovsky and Popeo, P.C. as its counsel before the Bankruptcy Court,
and, specifically, Richard E. Mikels and Adrienne Walker. Mr.
Mikels' phone number is (617) 348-1691 and his email address is
rmikels@mintz.com

Ms. Walker's phone number is (617) 348-1612 and her e-mail address
is awalker@mintz.com

                  About Radioshack Corporation

Fort Worth, Texas-based RadioShack (NYSE: RSH) --
http://www.radioshackcorporation.com/-- is a retailer of mobile
technology products and services, as well as products related to
personal and home technology and power supply needs.  RadioShack's
retail network includes more than 4,300 company-operated stores in
the United States, 270 company-operated stores in Mexico, and
approximately 1,000 dealer and other outlets worldwide.

RadioShack Corporation (Bankr. D. Del. Case No. 15-10197) and
affiliates Atlantic Retail Ventures, Inc. (Bankr. D. Del. Case No.
15-10199), Ignition L.P. (Bankr. D. Del. Case No. 15-10200), ITC
Services, Inc. (Bankr. D. Del. Case No. 15-10201), Merchandising
Support Services, Inc. (Bankr. D. Del. Case No. 15-10202),
RadioShack Customer Service LLC (Bankr. D. Del. Case No. 15-10203),
RadioShack Global Sourcing Corporation (Bankr. D. Del. Case No.
15-10204), RadioShack Global Sourcing Limited Partnership (Bankr.
D. Del. Case No. 15-10206), RadioShack Global Sourcing, Inc.
(Bankr. D. Del. Case No. 15-10207), RS Ig Holdings Incorporated
(Bankr. D. Del. Case No. 15-10208), RSIgnite, LLC
(Bankr. D. Del. Case No. 15-10209), SCK, Inc. (Bankr. D. Del. Case
No. 15-10210), Tandy Finance Corporation (Bankr. D. Del. Case No.
15-10211), Tandy Holdings, Inc. (Bankr. D. Del. Case No.
15-10212), Tandy International Corporation (Bankr. D. Del. Case No.
15-10213), TE Electronics LP (Bankr. D. Del. Case No. 15-10214),
Trade and Save LLC (Bankr. D. Del. Case No. 15-10215), and TRS
Quality, Inc. (Bankr. D. Del. Case No. 15-10217) filed separate
Chapter 11 bankruptcy petitions on Feb. 5, 2015.  The petitions
were signed by Joseph C. Maggnacca, chief executive officer.  Judge
Kevin J. Carey presides over the case.

David G. Heiman, Esq., Greg M. Gordon, Esq., Amanda M. Suzuki,
Esq., Jonathan M. Fisher, Esq., Thomas A. Howley, Esq., and Paul M.
Green, Esq., at Jones Day serve as the Debtors' bankruptcy counsel.
David M. Fournier, Esq., Evelyn J. Meltzer, Esq., and John H.
Schanne, II, Esq., at Pepper Hamilton LLP serve as co-counsel.
Carlin Adrianopoli at FTI Consulting, Inc., is the Debtors'
restructuring advisor.  Maeva Group, LLC, is the Debtors'
turnaround advisor.  Lazard Freres & Co. LLC is the Debtors'
investment banker.  A&G Realty Partners is the Debtors' real estate
advisor.  Prime Clerk is the Debtors' claims and noticing agent.

In their Petitions, the Debtors disclosed total assets of $1.2
billion, versus total debts of $1.3 billion.

Radioshack reported a net loss of $400.2 million in 2013, a net
loss of $139 million in 2012, and net income of $72.2 million in
2011.  The Company's balance sheet at Aug. 2, 2014, showed $1.14
billion in total assets, $1.21 billion in total liabilities and a
$63 million total shareholders' deficit.

The U.S. Trustee has appointed seven members to the Official
Committee of Unsecured Creditors.



REALBIZ MEDIA: D'Arelli Pruzansky Expresses Going Concern Doubt
---------------------------------------------------------------
RealBiz Media Group, Inc., filed with the U.S. Securities and
Exchange Commission its annual report on Form 10-K for the fiscal
year ended Oct. 31, 2014.

D'Arelli Pruzansky, P.A., expressed substantial doubt about the
Company's ability to continue as a going concern, citing that the
Company had an accumulated deficit of $15.4 million and a working
capital deficit of $2.32 million at Oct. 31, 2014.

The Company reported a net loss of $4.6 million on $1.09 million of
real estate media revenue for the fiscal year ended Oct. 31, 2014,
compared to a net loss of $3.76 million on $1.14 million of real
estate media revenue in 2013.

The Company's balance sheet at Oct. 31, 2014, showed $4.02 million
in total assets, $2.46 million in total liabilities and total
stockholders' equity of $1.56 million.

A copy of the Form 10-K is available at:
                              
                       http://is.gd/lcVV7E
                          
RealBiz Media Group, Inc., is a provider of digital media and
marketing services to the real estate industry, based in Weston,
Florida.  The Company generates revenues from advertising, real
estate broker commissions and referral fees.

The Company reported a net loss of $831,000 on $275,000 of real
estate media revenue for the three months ended July 31, 2014,
compared to a net loss of $598,000 on $273,000 of real estate
media revenue for the same period last year.


RED ROCKET: Commonwealth Land Dispute Remanded to Trial Court
-------------------------------------------------------------
Metropolitan National Bank appealed a summary judgment entered in
favor of Commonwealth Land Title Insurance Company in the case
captioned METROPOLITAN NATIONAL BANK, Plaintiff/Appellant, v.
COMMONWEALTH LAND TITLE INSURANCE COMPANY, Defendant/Respondent
Case No. SD33161.  

In a Feb. 23, 2015 Order available at http://is.gd/WNoyVJfrom
Leagle.com, the Court of Appeals of Missouri reversed and remanded
the matter to the trial court for further proceedings.

The matter stems from Jo Belle Hopper's 1999 sale of a lot parcel
(Tract 3) to Red Rocket Fireworks, Inc., in exchange for Red
Rocket's promissory note and deed of trust.  Red Rocket applied for
a loan with Metropolitan to be secured, among others, Tract 3.  To
secure the loan, Red Rocket needed Hopper to subordinate her
promissory note on Tract 3 to Metropolitan.  Hopper then executed
that subordination agreement in June 2005.  The Subordination
Agreement was notarized by an employee of Guaranty Title Company,
an agent of Commonwealth Land.  On June 24, 2005, Commonwealth
issued a "Loan Policy of Title Insurance," policy number
H55-0121124 to Metropolitan, insuring the validity and priority of
Metropolitan's note and deed of trust.

Red Rocket however defaulted on its loan and on December 11, 2009,
filed a Chapter 11 bankruptcy petition, listing the Metropolitan
note and deed of trust as one of its debts.  Thereafter,
Metropolitan filed a motion to enforce its rights under the notes
and moved to foreclose Tract 3, among others.

In February 2010, Hopper filed a petition for injunctive relief,
declaratory judgment, and fraud, challenging Metropolitan's right
to sell Tract 3.

In April 2010, Metropolitan tendered the defense of Hopper's claims
to Commonwealth under the Policy. Commonwealth however denied
Metropolitan's claim under the Policy.

In March 2011, Metropolitan filed a two-count petition seeking
damages from Commonwealth for breach of contract in refusing
coverage, and vexatious refusal to pay.  On December 23, 2013, the
trial court entered its "Order and Judgment" sustaining
Commonwealth's motion for summary judgment.

On review, the appeals court held that "The summary judgment record
shows that Commonwealth conceded that Guaranty Title was its agent.
As a matter of law, Guaranty Title's knowledge is imputed to
Commonwealth. On this basis, there is a genuine issue of material
fact as to whether Metropolitan knew of any title defect unknown to
Commonwealth. Commonwealth was not entitled to judgment as a matter
of law on the basis of Exclusion 3(b) [of the Policy]."


REX ENERGY: S&P Lowers Corporate Credit Rating to 'CCC+'
--------------------------------------------------------
Standard & Poor's Ratings Services lowered its corporate credit
rating on Rex Energy Corp. to 'B-' from 'B'.  The rating outlook is
stable.  In addition, S&P lowered its issue-level rating on Rex's
senior unsecured debt to 'CCC+' from 'B-'.  The recovery rating on
this debt remains '5', indicating S&P's expectation of modest (10%
to 30%) recovery in the event of a payment default.

"The downgrade on Rex reflects our expectation that the company's
debt leverage will increase to levels beyond our downgrade triggers
in 2015 and will likely remain elevated for the next couple of
years under our price assumptions," said Standard & Poor's credit
analyst Christine Besset.

S&P views Rex's business risk profile as "vulnerable," This
assessment primarily reflects the company's participation in the
volatile and capital-intensive oil and gas exploration and
production (E&P) industry, its relatively modest proved reserve
base, limited geographic diversity, and exposure to weak natural
gas and ethane prices.  S&P assess Rex's financial risk as "highly
leveraged," reflecting its expectation that the company's credit
measures will deteriorate significantly in 2015 and remain weak
over the next three years due to low commodity prices.  S&P
considers liquidity to be "adequate" because it projects that Rex
will be able to maintain liquidity sources divided by uses of at
least 1.2x at least for the next 12 months.

The stable outlook incorporates S&P's belief that Rex Energy Corp.
will continue to focus on improving operating costs and
efficiencies while containing capital spending to weather currently
challenging market conditions.  Although S&P expects credit
measures to deteriorate this year, it expects the company will
maintain "adequate" liquidity for the next 12 months.

S&P could lower the rating if liquidity deteriorates more than
forecasted, which would most likely be due to weaker-than-expected
commodity prices or higher-than-expected operating costs or capital
spending.  S&P could also lower the rating if it believes that the
capital structure becomes unsustainable.

S&P could consider an upgrade if the company is able to maintain
sufficient liquidity and debt ratios strengthen such that FFO to
debt exceeds 12% and debt to EBITDAX is below 5x.  



RIVER CITY RENAISSANCE: Plan Filing Exclusivity Extended to June
----------------------------------------------------------------
River City Renaissance, LC and River City Renaissance III, LC,
sought and obtained from the U.S. Bankruptcy Court for the Eastern
District of Virginia extending (i) their exclusive period to file a
Chapter 11 plan through and including June 26, 2015, and (ii) their
exclusive period to solicit votes on that plan through and
including Aug. 25, 2015.

On Dec. 18, 2014, the Debtors commenced and concluded an auction
sale of their properties.  That auction sale, however, for reasons
stated on the record before the Court, has not resulted in executed
purchase agreements or closed transactions.

James K. Donaldson, Esq., at Spotts Fain PC, maintains that cause
exists sufficient for an extension of the Debtors' exclusive
periods.  He specifies that:

1. The Debtors' cases are large and complex -- the Debtors assets'
include 29 multi-family apartment buildings, with over 300 hundred
residents, and the Debtors' management is complex due to the
incarceration of Billy Jefferson, the prepetition appointment of
state court receiver, and the Debtors' engagement of the
Liquidating Representative.

2. The ultimate outcome of the sale and auction process, as well as
the claims allowance litigation, will guide and inform the Debtors'
strategy in the chapter 11 cases.  

3. The Debtors are acting in good faith towards a reorganization
and disposition of these issues, including their stated willingness
to enter into mediation as to certain issues.

4. The Debtors have budgeted for and are paying expenses as they
come due and addressing significant costs, including utilities and
costs associated with the management of hundreds of apartments as
urgent needs arise. The payment of certain administrative expenses,
however, has been deferred.

5. The Debtors' prospects for filing a viable plan remain
contingent on the outcome of the sale process, that process has
reaped positive results in recent weeks and the prospect of a
viable plan remains feasible.

6. The Debtors have made progress in negotiations with creditors.  
They have cooperated with Chevron, who filed a sizable claim; and
as to the Holders, the recent steps in the sale process show
progress between the Debtors and the Holders, as well as the
Special Servicer.

                  About River City Renaissance

Richmond, Virginia-based, River City Renaissance, LC, and River
City Renaissance III, LC, sought Chapter 11 protection (Bankr. E.D.
Va. Case Nos. 14-34080 and 14-34081) in Richmond, Virginia, on July
30, 2014.  

The Debtors filed the chapter 11 cases in order to pursue an
orderly liquidation of their real property assets, which are
comprised of 29 residential apartment buildings in the City of
Richmond, in lieu of scheduled foreclosure sales.

The cases are assigned to Judge Keith L. Phillips.  The Debtors
tapped Spotts Fain PC, as counsel.

River City Renaissance LC disclosed $27.3 million in assets and
$29.2 million in liabilities as of the Chapter 11 filing.
Renaissance III estimated less than $10 million in assets and
debts.



RIVERBED TECH: Moody's B2 CFR Unaffected by $100MM Debt Shift
-------------------------------------------------------------
Moody's Investors Service said Riverbed Technology, Inc.'s (New)
$100 million reduction in the proposed senior unsecured notes
offering and a corresponding $100 million increase in first lien
term loan issuance does not affect the company's B2 Corporate
Family Rating, the B1 rating on the first lien credit facilities or
the Caa1 rating on the senior unsecured notes.


ROADMARK CORP: 3M Co., 7 Others Appointed to Creditors' Committee
-----------------------------------------------------------------
3M Company and seven other creditors of Roadmark Corp. have been
appointed to serve on the official committee of unsecured
creditors.

The unsecured creditors' committee is composed of:

     (1) 3M Company
         Attn: Alan Brown
         3M Center, 220-9E-02
         St. Paul, MN 55144

     (2) Blue Ridge Diesel Injection, Inc.
         Attn: Will Nunnally
         PO Box 867
         Salem, VA 24153

     (3) Brite-Line Technologies
         Attn: Kevin White
         10660 East 51st Avenue
         Denver, CO 80239

     (4) Bullins-Guynn, Inc.
         Attn: J. Michael Hill
         P.O. Box 11579
         Durham, NC 27703

     (5) Vincent Iannucci
         8532 Hawksmoor Drive
         Raleigh, NC 27615

     (6) Ennis-Flint
         Attn: Ted Navitskas
         5910 N. Central Expressway, Suite 1050
         Dallas, Texas 75206

     (7) Magnolia Advanced Materials, Inc.
         Attn: Richard Wells
         5547 Peachtree Blvd.
         Chamblee, GA 30341

     (8) The Sherwin-Williams Company
         Attn: Sean Pleva
         101 W. Prospect Avenue
         Cleveland, OH 44115

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

                     About Roadmark Corporation

Roadmark Corporation is a regional full-service highway paving
striper operating primarily in North Carolina, South Carolina,
Virginia and Maryland.

Roadmark filed a Chapter 11 bankruptcy petition (Bankr. E.D.N.C.
Case No. 15-00432) in Raleigh, North Carolina, on Jan. 26, 2015.
The case is assigned to Judge David M. Warren.

The Debtor disclosed $14.5 million in assets and $15.0 million in
liabilities in its schedules.

The Debtor tapped John Paul H. Cournoyer, Esq., and Vicki L.
Parrott, Esq., at Northen Blue, LLP, in Chapel Hill, North
Carolina, as counsel.  The Debtor also tapped Nelson & Company as
accountants and The Finley Group, Inc., as financial consultant.


ROADRUNNER ENTERPRISES: Has Until March 6 to File Schedules
-----------------------------------------------------------
The U.S. Bankruptcy Court extended until March 6, 2015, Roadrunner
Enterprises, Inc.'s time to file its schedules of assets and
liabilities, statement of financial affairs, and lists pursuant to
Section 1116(3) of the United States Code.

The Debtor requested for the extension before the deadline to file
will expire on Feb. 20.

The Debtor said, in its motion that the meeting of creditors is
scheduled for March 13, 2015, at 2:00 P.M.  Accordingly, the
requested extension provides that the schedules and statements will
be filed seven days prior to the meeting of creditors, in
compliance with
Local Bankruptcy Rule 1007-1(C).

The Debtor is represented by:

         David K. Spiro, Esq.
         Rachel A. Greenleaf, Esq.
         HIRSCHLER FLEISCHER, P.C.
         The Edgeworth Building
         2100 East Cary Street
         Post Office Box 500
         Richmond, VA 23218-0500
         Tel: (804) 771-9500
         Fax: (804) 644-0957
         E-mail: dspiro@hf-law.com
                 rgreenleaf@hf-law.com

                About Roadrunner Enterprises Inc.

Headquartered in Chesterfield County, Virginia, Roadrunner
Enterprises Inc. owns the Roadrunner Campground and more than 70
rental properties, lots, and other real estate interests.
Roadrunner Enterprises filed for Chapter 11 bankruptcy protection
(Bank. E.D. Va. Case No. 15-30604) on Feb. 6, 2015.  David K.
Spiro, Esq., at Hirschler Fleischer, P.C., serves as the Debtor's
counsel.  Judge Kevin R. Huennekens presides over the case.  The
Debtor estimated assets and liabilities of at least $10 million.


ROADRUNNER ENTERPRISES: Section 341(a) Meeting Set for March 13
---------------------------------------------------------------
The U.S. Trustee for Region 4 will convene a meeting of creditors
of Roadrunner Enterprises Inc. dba Roadrunner Camping on March 13,
2015, at 2:00 a.m., at Office of the U.S. Trustee, 701 East Broad
Street, Suite 4300 in Richmond, Virginia.

This is the first meeting of creditors required under Section
341(a) of the Bankruptcy Code in all bankruptcy cases.

All creditors are invited, but not required, to attend.  This
meeting of creditors offers the one opportunity in a bankruptcy
proceeding for creditors to question a responsible office of the
Debtor under oath about the company's financial affairs and
operations that would be of interest to the general body of
creditors.

Headquartered in Chesterfield County, Virginia, Roadrunner
Enterprises Inc. owns the Roadrunner Campground and more than 70
rental properties, lots, and other real estate interests.
Roadrunner Enterprises filed for Chapter 11 bankruptcy protection
(Bank. E.D. Va. Case No. 15-30604) on Feb. 6, 2015.  David K.
Spiro, Esq., at Hirschler Fleischer, P.C., serves as the Debtor's
counsel.  Judge Kevin R. Huennekens presides over the case.  The
Debtor estimated assets and liabilities of at least $10 million.


RONALD DEMASI: Kondapalli's Appeal on Non-Dischargeability Denied
-----------------------------------------------------------------
District Judge Virginia M. Hernandez Covington denied a Motion for
Leave to Appeal filed by Plaintiff Ravi Kondapalli, M.D.,
individually, and Plaintiff Ravi Kondapalli, M.D., by and on behalf
of Gulf Coast Digestive Health Center, PL.

The Motion for Leave was initially filed in Florida bankruptcy
court on Aug. 6, 2014, and has since been transferred to the
federal district court.

The action stems from an Amended Final Judgment of the Circuit
Court of the Twelfth Judicial Circuit in and for Sarasota County,
Florida, entered on December 7, 2012.  The State Court found that
Ronald DeMasi (a physician and member of Gulf Coast Digestive
Health Center, P.L.) misrepresented to the other members of Gulf
Coast Digestive that Surgical Synergies threatened to sue Gulf
Coast Digestive if it terminated the management agreement with
Surgical Synergies. The State Court ultimately concluded that
DeMasi's undisclosed interest in Surgical Synergies's subsidiary
and DeMasi's misrepresentations caused Gulf Coast Digestive to
incur damages.  The State Court entered a final judgment in favor
of Gulf Coast Digestive and awarded $205,714.47 in damages.  The
State Court did not apportion damages between the individual causes
of action.

As a result of the State Court Judgment, among other reasons, Mr.
DeMasi and his spouse filed a voluntary Chapter 11 petition on June
26, 2013.

Mr. DeMasi and Ravi Kondapalli are shareholders of Gulf Digestive
Health.

In September 2013, Mr. Kondapalli filed against Mr. DeMasi a
Complaint to Determine Non-Discharageability of Debtor Ronald
DeMasi.  On June 20, 2014, the Bankruptcy Court dismissed the
nondischargeability action to the extent it is based on the claim
of Kondapalli, individually and by and on behalf of Gulf Coast
Digestive, for attorney's fees and costs.

Mr. Kondapalli then filed the Motion for Leave to file an
interlocutory appeal, among other things, the dismissal of his
nondischargeability action.

After due consideration, Judge Covington determines that Mr.
Kondapalli has failed to present a controlling question of law for
the Florida district court's determination.  In addition, the judge
held that Mr. Kondapalli has not persuaded the District Court that
there is a substantial ground for difference of opinion regarding
the dischargeability of attorney's fees under Sec. 523 of the
Bankruptcy Code.

Accordingly, in a Feb. 24, 2015 Order available at
http://is.gd/lHUFKxfrom Leagle.com, Judge Covington ruled that the
appeal is DISMISSED as leave was not granted and the Court
otherwise lacks jurisdiction to hear the appeal. The Clerk is
directed to enter Judgment accordingly and close the case.

The case is IN RE: RONALD WILLIAM DEMASI and SUSAN J. DEMASI,
Debtors. RAVI KONDAPALLI, M.D., Individually and RAVI KONDAPALLI,
M.D., by and on behalf of GULF COAST DIGESTIVE HEALTH CENTER, PL,
Plaintiffs, v. RONALD WILLIAM DEMASI and SUSAN J. DEMASI,
Defendants, CASE NO. 8:14-CV-2228-T-33, BANKR. NO.
8:13-BK-8406-MGW, ADVERSARY NO. 8:13-AP-889-MGW.

Ronald William DeMasi, In Re, represented by David Samuel Jennis,
Jennis & Bowen, PL.

Susan J. DeMasi, In Re, represented by David Samuel Jennis, Jennis
& Bowen, PL.

Ravi Kondapalli, by and on behalf of Gulf Coast Digestive Health
Center, PL, Appellant, represented by Heather A. DeGrave --
hdegrave@walterslevine.com -- Walters Levine Klingensmith &
Thomison, PA.

Ronald William DeMasi, Appellee, represented by David Samuel
Jennis, Jennis & Bowen, PL.


SAFEWAY PROPERTY: A.M. Best Lowers Finc'l. Strength Rating to 'B'
-----------------------------------------------------------------
A.M. Best Co. has downgraded the financial strength rating to B
from B+ and the issuer credit rating to "bb+" from "bbb-" of
Safeway Property Insurance Company (Westmont, IL).  The outlook for
both ratings has been placed under review with negative
implications.

The downgrade reflects the removal of the rating enhancement that
was afforded based on the support provided by Safeway Financial
Holding Company.  The rating actions follow the recent announcement
that Florida Specialty Holdings has entered into an agreement to
acquire 100% of the stock in Safeway Property.  The company will
then be re-branded as Florida Specialty Insurance Company.  The
ratings will remain under review pending the completion of the
transaction, which is subject to approval by the Illinois
Department of Insurance and expected to close in the first half of
2015.

The under review status reflects the uncertainty of the newly
re-branded company and its future direction.


SAMSON RESOURCES: Brings in Kirkland, Blackstone
------------------------------------------------
Matt Jarzemsky and Ryan Dezember, writing for Daily Bankruptcy
Review, reported that energy producer Samson Resources Corp., owned
by private-equity firm KKR & Co., is working with restructuring
advisers, as a sharp decline in oil and gas prices complicates its
efforts to stem losses and keep current on its multibillion-dollar
debt load.

According to the report, citing people familiar with the matter,
the Tulsa, Okla., company is working with law firm Kirkland & Ellis
LLP's restructuring practice and Blackstone Group LP's
restructuring advisory group on options for dealing with its $3.8
billion in long-term debt.

                       *     *     *

The Troubled Company Reporter, on Feb. 19, 2015, reported that
Standard & Poor's Ratings Services lowered its corporate credit
rating on Tulsa, Okla.-based Samson Resources Corp. to 'CCC+' from
'B-'.  The outlook is negative.

At the same time, S&P lowered its rating on Samson's revolving
credit facility to 'B' (two notches above the corporate credit
rating) from 'B+'.  The recovery rating on this debt remains '1',
indicating S&P's expectation of very high (90% to 100%) recovery
in
the event of a payment default.  S&P also lowered its rating on
Samson's second-lien debt to 'CCC+' (the same as the corporate
credit rating) from 'B-'.  The recovery rating on this debt
remains
'4', indicating S&P's expectation of average (30% to 50%) recovery
in the event of a payment default.  S&P also lowered its rating on
subsidiary Samson Investment Co.'s unsecured notes to 'CCC-' (two
notches below the corporate credit rating) from 'CCC'. The
recovery
rating on this debt remains '6', indicating S&P's expectation of
negligible (0% to 10%) recovery in the event of a payment default.


SAN BERNARDINO, CA: Creditors Cry Foul at Plan to Hire PR Firm
--------------------------------------------------------------
Tim Reid, writing for Reuters, reported that a move by bankrupt San
Bernardino to spend up to $200,000 on a public relations firm has
angered some of the cash-strapped California city's creditors, who
face deep cuts under an imminent exit plan.

According to the report, on March 2, the city council is set to
discuss invited bids from eight public relations firms to improve
the city's communications strategy.  Bids have ranged from $72,000
to $201,000 annually, the report related.

                   About San Bernardino, Calif.

San Bernardino, California, filed an emergency petition for
municipal bankruptcy under Chapter 9 of the U.S. Bankruptcy Code
(Bankr. C.D. Cal. Case No. 12-28006) on Aug. 1, 2012.  San
Bernardino, a city of about 210,000 residents roughly 65 miles
(104 km) east of Los Angeles, estimated assets and debts of more
than $1 billion in the bare-bones bankruptcy petition.

The city council voted on July 10, 2012, to file for bankruptcy.
The move lets San Bernardino bypass state-required mediation with
creditors and proceed directly to U.S. Bankruptcy Court.

The city is represented that Paul R. Glassman, Esq., at Stradling
Yocca Carlson & Rauth.

San Bernardino joined two other California cities in bankruptcy:
Stockton, an agricultural center of 292,000 east of San Francisco,
and Mammoth Lakes, a mountain resort town of 8,200 south of
Yosemite National Park.

The City was granted Chapter 9 protection on Aug. 28, 2013.


SEARS HOLDINGS: Updates Plan to Split Off Stores Amid More Losses
-----------------------------------------------------------------
Michael Calia, writing for The Wall Street Journal, reported that
Sears Holdings Corp. said it would split off as many as 300 of its
best stores into a separate company by June, advancing the
dismantling of the struggling retailer by hedge-fund manager Eddie
Lampert .

According to the report, the move comes after Sears posted a loss
of $159 million over the holidays as revenue plunged 24% to $8.1
billion.  Mr. Lampert, Sears's chief executive, said in a letter
accompanying the company's fourth-quarter earnings report that he
is focusing on profit, not sales growth, and is trying to create a
new retailer built around customer loyalty regardless of how they
shop, the report related.

                            About Sears

Sears Holdings Corporation (NASDAQ: SHLD) --
http://www.searsholdings.com/-- is an integrated retailer focused

on seamlessly connecting the digital and physical shopping
experiences to serve members.  Sears Holdings is home to Shop Your
Waytm, a social shopping platform offering members rewards for
shopping at Sears and Kmart as well as with other retail partners
across categories important to them.

The Company operates through its subsidiaries, including Sears,
Roebuck and Co. and Kmart Corporation, with more than 2,000 full-
line and specialty retail stores in the United States and Canada.

Kmart Corporation and 37 of its U.S. subsidiaries filed voluntary
Chapter 11 petitions (Bankr. N.D. Ill. Lead Case No. 02-02474) on
Jan. 22, 2002.  Kmart emerged from chapter 11 protection on May 6,
2003, pursuant to the terms of an Amended Joint Plan of
Reorganization.  Skadden, Arps, Slate, Meagher & Flom, LLP,
represented Kmart in its restructuring efforts.  Its balance sheet
showed $16,287,000,000 in assets and $10,348,000,000 in debts when
it sought chapter 11 protection.

Kmart bought Sears, Roebuck & Co., for $11 billion to create the
third-largest U.S. retailer, behind Wal-Mart and Target, and
generate $55 billion in annual revenues.  Kmart completed its
merger with Sears on March 24, 2005.

Sears Holdings reported a net loss of $1.36 billion in 2013, a net
loss of $930 million in 2012 and a net loss of $3.14 billion in
2011.  As of Aug. 2, 2014, Sears Holdings had $16.43 billion in
total assets, $15.51 billion in total liabilities and $919 million
in total equity.

                            *     *     *

Moody's Investors Service in January 2014 downgraded Sears
Holdings Corporate Family Rating to 'Caa1' from 'B3'.  
The rating outlook is stable.

The downgrade reflects the accelerating negative performance of
Sears' domestic business with comparable sales falling 7.4% for
the quarter to date ending January 6th, 2014 compared to the prior
year.  The company now expects domestic Adjusted EBITDA to decline
to a range of ($80 million) to $20 million for the fourth fiscal
quarter, compared with $365 million in the year prior period.  For
the full year, Sears expects domestic Adjusted EBITDA loss between
$(308) million and $(408) million, as compared to $557 million
last year.  Moody's expects full year cash burn (after capital
spending, interest and pension funding) to be around $1.2 billion
in 2013 and we expect Sears' cash burn to remain well above $1
billion in 2014.  "Operating performance for fiscal 2013 is
meaningfully weaker than our previous expectations, and we expect
negative trends in performance to persist into 2014" said Moody's
Vice President Scott Tuhy.  He added "While Sears noted improved
engagement metrics for its "Shop Your Way" Rewards program,
Moody's remains uncertain when these improved engagement metrics
will lead to stabilization of operating performance."

As reported by the TCR on March 26, 2014, Standard & Poor's
Ratings Services affirmed its ratings on the Hoffman Estate, Ill.-
based Sears Holdings Corp., including the 'CCC+' corporate credit
rating.

Fitch Ratings had downgraded its long-term Issuer Default Ratings
(IDR) on Sears Holdings Corporation (Holdings) and its various
subsidiary entities (collectively, Sears) to 'CC' from 'CCC',
according to a TCR report dated Sept. 12, 2014.


SEMLER SCIENTIFIC: BDO USA Expresses Going Concern Doubt
--------------------------------------------------------
Semler Scientific, Inc., filed with the U.S. Securities and
Exchange Commission on Feb. 13, 2015, its annual report on Form
10-K for the fiscal year ended Dec. 31, 2014.

BDO USA, LLP, expressed substantial doubt about the Company's
ability to continue as a going concern, citing that the Company has
suffered recurring losses from operations and expects continuing
future losses.

The Company reported a net loss of $4.51 million on $3.63 million
of revenue for the year ended Dec. 31, 2014, compared with a net
loss of $2.23 million on $2.27 million of revenue in the prior
year.

The Company's balance sheet at Dec. 31, 2014, showed $7.5 million
in total assets, $4.06 million in total liabilities and total
stockholders' equity of $3.44 million.

A copy of the Form 10-K is available at:
                              
                       http://is.gd/gqJJGp
                          
Semler Scientific, Inc., a medical risk-assessment company,
develops, manufactures, and markets various patented products to
identify the risk profile of medical patients to allow healthcare
providers to capture full reimbursement potential for their
services in the United States.  Its products include FloChec that
is used in the office setting to allow providers to measure
arterial blood flow in the extremities and is a useful tool for
internists and primary care physicians.  The company provides its
FloChec product and services to its customers through its
salespersons and through its co-exclusive distributor.  Semler
Scientific, Inc. was founded in 2007 and is headquartered in
Portland, Oregon.


SIGA TECHNOLOGIES: Creditors' Bid to Hire Financial Advisor Denied
------------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York
denied the application of the statutory creditors' committee
appointed in SIGA Technologies' Chapter 11 case to retain
Guggenheim Securities as financial advisor and investment banker,
after several parties objected to the retention application.

The Debtor, William K. Harrington, the U.S. Trustee for Region 2,
and Esopus Creek Value Series Fund, objected to the retention
application.  The U.S. Trustee complained that the application is
an attempt on the part of Guggenheim to stretch the limits of what
are acceptable terms for the retention of a professional in a
bankruptcy case.  The U.S. Trustee noted that, specifically,
Guggenheim improperly seeks to (1) have its fee structure, which
includes a substantial "transaction fee," plus a "monthly fee" and
an "expert fee," without explaining why such fee structure is
reasonable; (2) be eligible for a $2 million "transaction fee,"
even if Guggenheim accomplishes nothing to bring about any positive
result for the Committee's constituents; and (3) submit time
records that, at best, are in summary format and that will make it
impossible to review the reasonableness of any fees.

The Debtor stated that the Committee's purported justifications for
its current need for a financial advisor and investment banker are
not relevant.  Contrary to what the Committee asserts, SIGA's
financial and operating condition is far from "uncertain and
fragile."

The Committee, in response to the objections, maintained that the
panel requires the financial services of Guggenheim to carry out
its statutory duties, to, among other things, investigate the
assets, liabilities, financial condition, and operations of the
estate, and formulate a plan.

                    About SIGA Technologies

Publicly held SIGA Technologies, Inc., with headquarters in
Madison Avenue, New York, is a biotech/pharmaceutical company that
specializes in the development and commercialization of solutions
for serious unmet medical needs and biothreats.  SIGA's lead
product is Tecovirimat, also known as ST-246, an orally
administered antiviral drug that targets orthopoxviruses.

SIGA sought Chapter 11 bankruptcy protection (Bankr. S.D.N.Y. Case
No. 14-12623) on Sept. 16, 2014, in Manhattan.  The case is
assigned to Judge Sean H. Lane.

The Debtor has tapped Weil, Gotshal & Manges LLP, as counsel, and
Prime Clerk LLC as claims agent.

The Debtor's Chapter 11 plan and disclosure statement are due
May 14, 2015.

The Debtor disclosed total assets of $131,669,746 and $7,954,645
in liabilities as of the Chapter 11 filing.

The Statutory Creditors' Committee is represented by Martin J.
Bienenstock, Esq., Scott K. Rutsky, Esq., and Ehud Barak, Esq., at
PROSKAUER ROSE LLP.  The Committee tapped to retain Guggenheim
Securities, LLC, as its financial advisor and investment banker.


STANCORP FINANCIAL: Fitch Affirms 'BB+' Rating on $253MM Jr. Debt
-----------------------------------------------------------------
Fitch Ratings has affirmed the Issuer Default Rating (IDR) of
StanCorp Financial Group, Inc. (SFG) at 'BBB+' and the Insurer
Financial Strength (IFS) ratings of its subsidiaries, Standard
Insurance Company and Standard Life Insurance Company of New York
at 'A'.  The Rating Outlook is Stable.

KEY RATING DRIVERS

SFG's ratings reflect its strong competitive position in the group
life and disability market, modest operating performance, strong
capitalization and moderate financial leverage.  The ratings also
consider that premium growth and operating margins continue to be
challenged by competitive market conditions and the weak economic
environment, including persistently low interest rates and somewhat
weak employment conditions.

The Stable Outlook reflects Fitch's belief that, while SFG
continues to face economic headwinds, its profitability will
continue to support the current rating.  Despite slow employment
growth and stagnant salary levels, premium growth reflects solid
persistency, premium rate actions and strong sales.  However,
persistent low interest rates continue to present ongoing
challenges to profitability improvements.

SFG reported pretax operating income of $301 million in 2014, an 8%
decline from 2013.  The deterioration was driven by lower group
insurance premiums, reduced investment income and a return to a
normalized level of operating expenses, partially offset by
favorable claims experience in its group insurance business.  SFG's
group insurance benefit ratio improved to 77.8% in 2014 compared
with 78.9% and 83.9% in 2013 and 2012, respectively.

SFG's ratings are supported by the company's solid balance sheet
fundamentals, reflected by good risk adjusted capitalization,
reasonable financial leverage and strong asset quality.

The company's NAIC risk-based capital ratio for its insurance
subsidiaries improved to 445% in 2014 from 397% in 2013.  This
compares with the company's stated target of 300%.  The company
anticipates 2015 share repurchase activity to be equivalent to that
of 2014, which totaled $147 million.  Financial leverage remained
moderate at 19.7% at Dec. 31, 2014.

Fitch believes that SFG's insurance subsidiaries maintain a
high-quality bond portfolio, despite its increased allocation to
'BBB' rated bonds.  Below investment grade (BIG) bonds accounted
for a modest 6% of the fixed maturity portfolio at Dec. 31, 2014.

Fitch views SFG's above-average exposure to commercial mortgage
loans, at 42% of statutory invested assets at Sept. 30, 2014, as
complementary to its stable and long-duration liability structure,
despite its lower liquidity relative to publicly traded bonds.
Commercial mortgage loan loss experience, although heightened
during the financial crisis, has improved significantly in recent
years and remains in line with Fitch's overall loss expectations.

RATING SENSITIVITIES

The key rating triggers that could result in an upgrade include:

   -- A substantial increase in run-rate risk-adjusted capital
      above 350%, with no significant deterioration in capital
      quality;

   -- A long-term improving trend in the group benefit ratio
      substantially below its historic baseline of about 76%.

The key rating triggers that could result in a downgrade include:

   -- A prolonged deterioration in the company's group benefit
      ratio above the 2011 level of 83%;

   -- An increase in financial leverage above 30%;

   -- GAAP-based interest coverage below 6x for an extended period

      of time;

   -- A decrease in RBC below 300%, or a significant decrease in
      the quality of capital supporting the company's RBC;

   -- A significant deterioration in the performance of the
      company's commercial mortgage loan portfolio.

Fitch affirms these ratings with a Stable Outlook:

StanCorp Financial Group

   -- IDR at 'BBB+';

   -- $250 million 5.000% senior notes due Aug. 15, 2022 at 'BBB';

   -- 60-year $253 million junior subordinated debt due June 1,
      2067 at 'BB+'.

Standard Insurance Company

   -- IFS rating at 'A'.

Standard Life Insurance Co. of New York

   -- IFS rating at 'A'.



STATE FISH: U.S. Trustee Forms Creditors' Committee
---------------------------------------------------
The U.S. trustee overseeing State Fish Co., Inc.'s bankruptcy case
appointed three creditors of the company to serve on the official
committee of unsecured creditors.  

The unsecured creditors are:

     (1) Cedar Cold Services LLC
         Attn: Sherry Perry, CFO
         146 S. Country Club Drive
         Mesa, AZ 85210
         Tel: (623) 478-9392
         Fax: (623) 936-0227
         Email: sperry@mesacold.com

     (2) Star-Box Inc.
         Attn: Robert J. Weiner, President
         1770 E. Creston Street  
         Signal Hills, CA 90755
         Tel: (562) 283-3500
         Fax: (562) 283-3502
         Email: Robert@starboxinc.com

     (3) Queen City Seafood Sales
         Attn: Jonathan Ranard, President
         10101 Chatham Woods Drive
         Loveland, OH 45140
         Tel: (513) 583-1610 ext. 1
         Fax: (513) 583-1614
         Email: mridfl@aol.com

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

                         About State Fish

State Fish Co., Inc., was founded in 1932 and began as a small
local wholesale fish buyer in California.  Under the leadership of
Sam DeLuca, State Fish expanded from a small fresh fish company to
an internationally-known import and export company operating its
own processing and cold store facilities near the Port of Los
Angeles. Calpack Foods, LLC, a wholly owned subsidiary, was formed
in April 2012 to produce high quality food and beverage products.

State Fish and Calpack Foods filed voluntary Chapter 11 bankruptcy
petitions (C.D. Cal. Lead Case No. 15-11084) on Jan. 26, 2015, amid
a family dispute and liquidity woes brought by declining fish
catches.  

The Hon. Sandra R. Klein presides over the jointly administered
cases.  Amir Gamliel, Esq., and Alan D Smith, Esq., at Perkins Coie
LLP, serve as the Debtors' counsel.  George Blanco, at Avant
Advisory Group, acts as chief restructuring officer.

State Fish disclosed $34,868,772 in assets and $10,084,671 in
liabilities as of the bankruptcy filing.


TECHNOLOGY CONTAINER: Case Summary & 20 Top Unsecured Creditors
---------------------------------------------------------------
Debtor: Technology Container Corp
        207 Greenwood Street
        Worcester, MA 01607

Case No.: 15-40339

Nature of Business: Packaging

Chapter 11 Petition Date: February 25, 2015

Court: United States Bankruptcy Court
       District of Massachusetts (Worcester)

Judge: Hon. Melvin S. Hoffman

Debtor's Counsel: David M. Nickless, Esq.
                  NICKLESS, PHILLIPS AND O'CONNOR
                  625 Main Street
                  Fitchburg, MA 01420
                  Tel: (978) 342-4590
                  Fax: (978) 343-6383
                  Email: dnickless.nandp@verizon.net

Estimated Assets: $1 million to $10 million

Estimated Liabilities: $1 million to $10 million

The petition was signed by Fred Dowd, president.

A list of the Debtor's 20 largest unsecured creditors is available
for free at http://bankrupt.com/misc/mab15-40339.pdf


TELKONET INC: Bard Associates Has 9.4% Stake as of Dec. 31
----------------------------------------------------------
Bard Associates, Inc. disclosed in a Schedule 13G filed with the
U.S. Securities and Exchange Commission that as of Dec. 31, 2014,
it beneficially owned 11,706,861 shares of common stock of
Telkonet, Inc., which represents 9.4 percent of the shares
outstanding.  A copy of the regulatory filing is available for free
at http://is.gd/Or12X3

                           About Telkonet

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

Telkonet reported a net loss attributable to common stockholders
of $4.90 million on $13.88 million of total net revenues for the
year ended Dec. 31, 2013, as compared with a net loss attributable
to common stockholders of $507,558 on $12.75 million of total net
revenues in 2012.

As of Sept. 30, 2014, the Company had $10.45 million in total
assets, $4.91 million in total liabilities, $1.27 million in
redeemable preferred stock, and $4.26 million in total
stockholders' equity.

BDO USA, LLP, in Milwaukee, Wisconsin, issued a "going concern"
qualification on the consolidated financial statements for the
year ended Dec. 31, 2013.  The independent auditors noted that
the Company has a history of losses from operations, a working
capital deficiency, and an accumulated deficit of $121,948,847
that raise substantial doubt about its ability to continue as a
going concern.


TENGION INC: Goes to March 6 Sale-Approval Hearing
--------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that parties interested in buying assets of Tengion
Inc., a developer of a therapy for chronic kidney disease, have
until March 4 to top RegenMedTX LLC’s offer of $1.5 million cash
and $20.6 million in secured debt.

According to the report, a bankruptcy judge in Delaware signed an
order approving RegenMedTX as the lead bidder, entitled to bid
protections if it should lose, and scheduling a sale-approval
hearing for March 6.  A party wishing to overbid must file an
objection to the sale and provide the Chapter 7 trustee with a
competing offer no later than two days before the sale hearing, the
report related.

The case is In re Tengion Inc., 14-12829, U.S. Bankruptcy Court,
District of Delaware (Wilmington).


TRANSOCEAN INC: Moody's Lowers Senior Note Rating to 'Ba1'
----------------------------------------------------------
Moody's Investors Service downgraded Transocean's senior note
rating to Ba1 from Baa3 to reflect the company's large capital
commitments and Moody's expectation for a significant increase in
leverage as the company enters what it believes could be a
prolonged industry down-cycle.  Moody's also assigned a Ba1
Corporate Family Rating and SGL-1 Speculative Grade Liquidity
Rating.  This action concludes the ratings review that was
initiated on Jan. 6, 2015.

"Transocean has been weakly positioned in its rating for the last
few years as it focused on lingering issues related to Macondo,
increased shareholder payouts, and pursued a strategy to revitalize
its fleet," said Stuart Miller, Moody's Vice President -- Senior
Credit Officer. "While the company has made important strides to
improve operational performance over the last two years, Moody's
believes the rapid drop in oil prices in late 2014 and early 2015,
combined with the company's large capital commitments for the
construction of new drilling rigs, has significantly increased the
credit risk to Transocean's bond holders and we expect leverage to
increase materially through 2017 while the market for offshore
drilling contractors deteriorates."

A complete list of the rating actions is as follows:

  -- Corporate Family Rating: assigned Ba1

  -- Probability of Default Rating: assigned Ba1-PD

  -- Senior Unsecured: downgraded to Ba1 LGD 4 -- 51% from Baa3

  -- Loss Given Default Rating: assigned LGD 4 -- 51%

  -- Speculative Grade Liquidity: assigned SGL -- 1

  -- Outlook: Stable

Transocean's Ba1 rating reflects Moody's growing concern that
leverage will increase materially through 2017 in light of
deteriorating market conditions, contract roll-off, and the large
capital commitments that have been made for the construction of new
drilling rigs.  Moody's believes leverage will rise to 5.5x to 6.0x
as EBITDA falls to under $2 billion in 2017 while debt, including
Moody's adjustments, falls marginally to around $11 billion.  To
the extent Transocean Partners, LLC is used to raise equity to pay
down debt further, it would come at the expense of increased
organizational complexity and likely structural subordination of
cash flows -- these factors would offset most of the benefit of
lower leverage. Moody's recognizes that the risk of large future
payouts associated with the Macondo incident are greatly
diminished; however, Moody's continues to include a debt adjustment
to provide for the possibility that additional payouts may be
necessary to settle outstanding litigation.

Transocean has begun to address the weakening market conditions by
offering a plan to reduce its dividend and by initiating another
round of cost-cutting measures. However, Moody's believes that the
company has limited or unpalatable options to avoid a significant
increase in leverage over the next few years as rig contracts
expire and dayrates fall.  The issuance of equity at current market
valuations would be highly dilutive and the sale of under-utilized
assets at anything other than fire-sale prices would be very
difficult to achieve in the current over-supplied offshore rig
market.  Transocean's Ba1 rating considers its market leadership
position, its size and scale that is significantly larger than its
closest competitor, and its reputation for innovation and
industry-leading drilling capabilities. Once the fleet renewal
program nears completion in 2017, depending on market conditions,
Transocean's credit quality could improve.  But in the interim, as
its balance sheet becomes more leveraged, its financial flexibility
will be reduced and the older rigs in its fleet will be a drag on
financial operating performance in a very difficult market.

Transocean has very good liquidity at least through the end of 2015
with $2.9 billion of unrestricted cash and $3.0 billion of unused
revolving credit facility availability.  However, in order to
maintain leverage at appropriate levels as operating cash flow
falls over the next two to three years, the company may become more
dependent on asset sales, Transocean Partners equity issuance, and
a reduction in the unrestricted cash balance to reduce outstanding
debt, to make scheduled Macondo settlement payments, and to pay its
reduced dividend payout.

To be considered for an upgrade, Moody's would need to have
visibility that leverage is trending lower and is headed towards
4.0x. Its fleet renewal program should also be mostly complete and
committed capital expenditures and dividends should be funded out
of operating cash flow.  Transocean could be downgraded if leverage
is expected to be maintained above 6.0x for an extended period of
time.

The principal methodology used in these ratings was Global Oilfield
Services Industry Rating Methodology published in December 2014.
Other methodologies used include Loss Given Default for
Speculative-Grade Non-Financial Companies in the U.S., Canada and
EMEA published in June 2009.

Transocean Inc. is a leading provider of offshore contract drilling
for oil and gas companies around the world.  The company is a
wholly-owned subsidiary of Transocean Ltd. which is headquartered
in Zug, Switzerland.


TRIGEANT HOLDINGS: Exclusive Solicitation Period Moved to April 22
------------------------------------------------------------------
The Hon. Erik P. Kimball of the U.S. Bankruptcy Court for the
Southern District of Florida extended the exclusive period of
Trigeant Holdings Ltd. and its debtor-affiliates to solicit
acceptances of their First Amended Joint Plan of Reorganization
until April 22, 2015.

The Debtors told the Court that they have filed their plan, and a
hearing to consider confirmation of their plan was scheduled to
commence on Feb. 19, 2015.  According to the Debtor, although they
maintain that no classes of claims or interests are impaired under
the their plan, in an abundance of caution they are soliciting the
votes of Class 9 equity interests.  Pursuant to the BTB Refining
exclusivity termination order, ballots for Class 9 equity interests
were due to be filed by Feb. 12, 2015.

On Dec. 15, 2014, the Court terminated exclusivity solely as to BTB
Refining pursuant to its order (1) Granting BTB Refining's motion
to terminate exclusive periods in which only the Debtor may file a
plan and solicit acceptances Thereof; and (2) resetting dates and
deadlines relating to confirmation.  That same day,
BTB filed its plan of reorganization under Chapter 11 of the
Bankruptcy Code for Trigeant Holdings, Ltd. and Affiliates.

                     About Trigeant Holdings

Trigeant, owner of a Corpus Christi, Texas oil refinery, provides
fuel and asphalt products to the housing and transportation
industries.  The company is owned by Palm Beach, Florida
billionaire Harry Sargeant III and members of his family.

On Nov. 26, 2014, Trigeant filed its first bankruptcy In re
Trigeant Ltd., 13-38580.  The case was dismissed on April 1, 2014.

Trigeant Holdings, Ltd., and Trigeant, LLC, filed Chapter 11
bankruptcy petitions (Bankr. S.D. Fla. Case Nos. 14-29027 and
14-29030, respectively) on Aug. 25, 2014, amid a dispute among
members of the Sargeant family.  Mr. Sargeant's two brothers,
Daniel and James, and his father, Harry Sargeant II, sent Trigeant
to bankruptcy to fend off Mr. Sargeant III's bid to seize control
of the company's primary asset.  The family says Mr. Sargeant III,
who has a $22 million lien against the plant through a company he
controls called BTB Refining LLC, is attempting to prevent the
refinery from operating in an effort to lower its value and obtain
ownership of it.

Trigeant Holdings estimated both assets and liabilities of
$50 million to $100 million.

Berger Singerman LLP serves as the Debtors' counsel.

The Bankruptcy Court set the general claims bar date as Oct. 17,
2014, and March 31, 2015, as the deadline by which governmental
entities must file proofs of claims.

The Debtors filed on Sept. 16, 2014, their Joint Plan of
Reorganization under Chapter 11 of the Bankruptcy Code.  The Plan
is premised on the sale of substantially all of the Debtors'
assets to Gravity Midstream Corpus Christi, LLC.  The Plan
provides that holders of Allowed Claims will be paid in full, in
cash.

The U.S. Trustee for Region 21 has not appointed a committee of
unsecured creditors.


TS EMPLOYMENT: Agrees to Chapter 11 Trustee Appointment
-------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that TS Employment Inc., a provider of payroll
services, consented to the appointment of a Chapter 11 trustee who
will supplant management.

According to the report, following a Feb. 19 conference to discuss
witnesses and evidence, U.S. Bankruptcy Judge Martin Glenn in New
York signed an order directing the appointment of a Chapter 11
trustee, noting that the company consented and there were no other
objections.  The appointment request was made by the U.S. Trustee
who asserted that Tengion's discovery that it had failed to pay the
Internal Revenue Service as much as $100 million in withholding
taxes is "difficult to comprehend" given how the company's business
-- and "presumably" its expertise -- centers on paying payroll
taxes.

                         About TS Employment

Based in New York, TS Employment Inc. is a professional employer
organization that provides payroll-related services.  Its only
customer is publicly held Corporate Resource Services, Inc., a
diversified technology, staffing, recruiting, and consulting
services firm.  TS processes payroll of up to 30,000 employees.

TS Employment sought Chapter 11 for protection (Bankr. S.D.N.Y.
Case No. 15-10243) in Manhattan on Feb. 2, 2015.  Judge Martin
Glenn is assigned to the case.

The Debtor estimated at least $100 million in assets and debt.

The Debtor tapped Scott S. Markowitz, Esq., at Tarter Krinsky &
Drogin LLP, in New York, as counsel.  Realization Services Inc.
serves as the Debtor's consultant.


TX HOLDINGS: Incurs $145K Net Loss in Dec. 31 Quarter
-----------------------------------------------------
TX Holdings, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q disclosing a net loss
of $145,000 on $641,000 of revenue for the three months ended Dec.
31, 2014, compared to a net income of $19,600 on $898,000 of
revenue for the same period in the prior year.

The Company's balance sheet at Dec. 31, 2014, showed $3.5 million
in total assets, $4.41 million in total liabilities and total
stockholders' deficit of $911,000.

Its independent registered public accounting firm's report on the
financial statements included in the Company's annual report on
Form 10-K for the year ended Sept. 30, 2014, contains an
explanatory paragraph wherein it expressed an opinion that there is
substantial doubt about the Company's ability to continue as a
going concern.  Accordingly, careful consideration of such opinion
should be given in determining whether to continue or become the
Company's stockholder.

Since the commencement of its mining and rail products distribution
business, the Company has relied substantially upon financing
provided by Mr. Shrewsbury, the Company's CEO and, since November
2012, a secured bank line of credit in connection with the
development and expansion of its business.  These factors raise
substantial doubt about the Company's ability to continue as a
going concern, according to the regulatory filing.

A copy of the Form 10-Q is available at:
                              
                       http://is.gd/qH2DAp

Headquartered in Ashland, Kentucky, TX Holdings, Inc.
(otcqb:TXHG) -- http://www.txholdings.com/-- is a supplier of
mining and rail products to the U.S. coal mining industry.


UROLOGIX INC: Has Insufficient Cash Balance in the Next 12 Months
-----------------------------------------------------------------
Urologix, Inc., filed with the U.S. Securities and Exchange
Commission its quarterly report on Form 10-Q, disclosing a net loss
of $357,000 on $3.08 million of sales for the three months ended
Dec. 31, 2014, compared to a net loss of $1.08 million on $3.81
million of sales for the same period during the prior year.

The Company's balance sheet at Dec. 31, 2014, showed $5.32 million
in total assets, $13.05 million in total liabilities and total
stockholders' deficit of $7.73 million.

As of Dec. 31, 2014, the Company's cash balance is not sufficient
to sustain day-to-day operations for the next 12 months and there
is substantial doubt about its ability to continue as a going
concern.

A copy of the Form 10-Q is available at:
                              
                       http://is.gd/jpeMGd
                          
                       About Urologix, Inc.

Urologix, Inc., develops, manufactures, and markets non-surgical,
office-based therapies for the treatment of the symptoms and
obstruction resulting from non-cancerous prostate enlargement.
The Company's products include the Cooled ThermoTherapy(TM) (CTT)
product line and the Prostiva(R) Radio Frequency (RF) Therapy
System.

The Company reported a net loss of $437,000 on $3.02 million of
sales
for the three months ended Sept. 30, 2014, compared to a net loss
of
$1.33 million on $3.78 million of sales for the same period in
2013.

The Company's balance sheet at Sept. 30, 2014, showed $5.52 million

in total assets, $12.92 million in total liabilities
and total stockholders' deficit of $7.4 million.


US COAL: Conducts Dual Sale Processes
-------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that U.S. Coal Corp., a mine operator in the central
Appalachian region of eastern Kentucky, got approval to auction
assets of four companies while it completes a process to sell
assets of three others.

According to the report, bids for assets related to the coal-mining
business of the so-called Licking River debtors, like equipment,
real estate, coal reserves, contracts and leases, are due March 11.
An auction is set for March 19, followed by a March 31
sale-approval hearing, the report related.

                 About U.S. Coal and Licking River

On May 22, 2014, an involuntary Chapter 11 petition was filed
against Licking River Mining, LLC, before the United States
Bankruptcy Court for the Eastern District of Kentucky.  On May 23,
2014, an involuntary Chapter 11 petition was filed against Licking
River Resources, Inc. and Fox Knob Coal., Inc.  On June 3, 2014,
an
involuntary Chapter 11 petition was filed against S.M. & J., Inc.
On June 4, 2014, an involuntary Chapter 11 petition was filed
against J.A.D. Coal Company, Inc.  On June 12, 2014, the Court
entered an order for relief in each of the bankruptcy cases.

On June 10, 2014, an involuntary Chapter 11 petition was filed
against U.S. Coal Corporation.  On June 27, 2014, the Court
entered
an order for relief in U.S. Coal's bankruptcy case.

On Nov. 4, 2014, Harlan County Mining, LLC, Oak Hill Coal, Inc.,
Sandlick Coal Company, LLC, and U.S. Coal Marketing, LLC, filed
petitions in the United States Bankruptcy Court for the Eastern
District of Kentucky seeking relief under chapter 11 of the United
States Bankruptcy Code.  The Debtors' cases have been assigned to
Chief Judge Tracey N. Wise.  The Debtors are seeking to have their
cases jointly administered for procedural purposes, meaning that
upon entry of such an order all pleadings will be maintained on
the
case docket for Licking River Mining, LLC, Case No. 14-10201.

U.S. Coal produces and sells thermal coal purchased primarily by
utilities and trading companies and specialty coal purchased by
various industrial customers and trading companies (known as
"stoker" coal).   U.S. Coal operates through two divisions: (1)
the
Licking River Division that was formed through the acquisition of
LR Mining, LRR, and S.M. & J., and Oak Hill Coal, Inc. in January
2007 for $33 million., and (2) the J.A.D. Division that was formed
through the acquisition of JAD and Fox Knob, and Sandlick Coal
Company, LLC and Harlan County Mining, LLC in April
2008 for $41 million.  Both the LRR Division and the JAD Division
are located in the Central Appalachia region of eastern Kentucky.

The LRR Division has approximately 26.3 million tons of surface
reserves under lease.  The JAD Division has 24.4 million tons of
surface reserves, both leased and owned real property.  At
present,
U.S. Coal has three surface mines in operation between the LRR
Division and JAD Division.

The Official Committee of Unsecured Creditors has tapped Barber
Law
PLLC and Foley & Lardner as attorneys.

The Debtors are represented by Amelia Martin Adams, Esq., and
Laura
Day DelCotto, Esq. of Delcotto Law Group PLLC; and Dennis J.
Drebsky, Esq., and Christopher M. Desiderio, Esq., of Nixon
Peabody
LLP.


US COAL: Lenders Say Avoidance of Liens 'Unnecessary'
-----------------------------------------------------
A group of lenders led by Dean McAfee Holdings LLC has criticized
the "mischaracterization of facts" contained in a motion filed by
U.S. Coal Corp.'s official committee of unsecured creditors to sue
the group on behalf of the company.

The group clarified that Dean McAfee has not asserted any liens on
the personal properties owned by U.S. Coal's  subsidiaries that
include J.A.D. Coal Company Inc., Fox Knob Coal Co. Inc., and
Sandlick Coal Company LLC.

"Thus, there exists no lien for the committee to avoid," the group
said in a filing it made in U.S. Bankruptcy Court for the Eastern
District of Kentucky.

The group also clarified that neither Carl McAfee nor the estate of
Aubra Paul Dean has asserted any liens on the personal properties
owned by Fox Knob and Sandlick, therefore, avoidance of those liens
is unnecessary.

The lenders transferred ownership of the three companies to the
coal producer in 2008, according to court filings.

                 About U.S. Coal and Licking River

On May 22, 2014, an involuntary Chapter 11 petition was filed
against Licking River Mining, LLC, before the United States
Bankruptcy Court for the Eastern District of Kentucky.  On May 23,
2014, an involuntary Chapter 11 petition was filed against Licking
River Resources, Inc. and Fox Knob Coal., Inc.  On June 3, 2014, an
involuntary Chapter 11 petition was filed against S.M. & J., Inc.
On June 4, 2014, an involuntary Chapter 11 petition was filed
against J.A.D. Coal Company, Inc.  On June 12, 2014, the Court
entered an order for relief in each of the bankruptcy cases.

On June 10, 2014, an involuntary Chapter 11 petition was filed
against U.S. Coal Corporation.  On June 27, 2014, the Court entered
an order for relief in U.S. Coal's bankruptcy case.

On Nov. 4, 2014, Harlan County Mining, LLC, Oak Hill Coal, Inc.,
Sandlick Coal Company, LLC, and U.S. Coal Marketing, LLC, filed
petitions in the United States Bankruptcy Court for the Eastern
District of Kentucky seeking relief under chapter 11 of the United
States Bankruptcy Code.  The Debtors' cases have been assigned to
Chief Judge Tracey N. Wise.  The Debtors are seeking to have their
cases jointly administered for procedural purposes, meaning that
upon entry of such an order all pleadings will be maintained on the
case docket for Licking River Mining, LLC, Case No. 14-10201.

U.S. Coal produces and sells thermal coal purchased primarily by
utilities and trading companies and specialty coal purchased by
various industrial customers and trading companies (known as
"stoker" coal).   U.S. Coal operates through two divisions: (1) the
Licking River Division that was formed through the acquisition of
LR Mining, LRR, and S.M. & J., and Oak Hill Coal, Inc. in January
2007 for $33 million., and (2) the J.A.D. Division that was formed
through the acquisition of JAD and Fox Knob, and Sandlick Coal
Company, LLC and Harlan County Mining, LLC in April
2008 for $41 million.  Both the LRR Division and the JAD Division
are located in the Central Appalachia region of eastern Kentucky.

The LRR Division has approximately 26.3 million tons of surface
reserves under lease.  The JAD Division has 24.4 million tons of
surface reserves, both leased and owned real property.  At present,
U.S. Coal has three surface mines in operation between the LRR
Division and JAD Division.

The Official Committee of Unsecured Creditors has tapped Barber Law
PLLC and Foley & Lardner as attorneys.

The Debtors are represented by Amelia Martin Adams, Esq., and Laura
Day DelCotto, Esq. of Delcotto Law Group PLLC; and Dennis J.
Drebsky, Esq., and Christopher M. Desiderio, Esq., of Nixon Peabody
LLP.


W/S PACKAGING: Moody's Cuts CFR to B3 & Alters Outlook to Negative
------------------------------------------------------------------
Moody's Investors Service downgraded the corporate family rating of
W/S Packaging Group, Inc. to B3 from B2 and the probability of
default rating to Caa1-PD from B3-PD and revised the outlook to
negative.  Moody's also downgraded the ratings on the senior
secured credit facilities to B2 from B1.  The downgrade reflects
flat operating performance, weak credit metrics and limited cushion
under the tightening financial covenant that leaves little headroom
for negative variance in operating performance.

Moody's downgraded the following ratings for W/S Packaging Group,
Inc:

  -- CFR to B3 from B2

  -- PDR to Caa1-PD from B3-PD

  -- Senior secured facilities to B2, LGD 2 from B1, LGD 3

The downgrade reflects lower-than-expected earnings and free cash
flow and a narrow cushion under the financial covenant.  W/S
Packaging earnings were negatively impacted by the timing of
customer promotions in fiscal 2014, slower-than-expected ramp up of
new business and discontinuation of a product by one of its main
customers.  Pricing pressure from customers further impacted the
margins in the quarter ended Dec. 31, 2015.  Moody's expect further
pressure on margins and earnings as new customer wins and base
business growth may not offset the volume declines from the
discontinuation of a product from a key customer in calendar 2015.
Any negative variance in unit volumes or operating performance
could adversely impact credit metrics and may strain liquidity due
to the limited cushion under the financial covenant.

The negative outlooks reflects expectations that credit metrics may
decline further, straining liquidity as the financial covenant
steps down again in the second quarter of 2015.  The ratings could
be downgraded if the operating performance and credit metrics
deteriorate further.  Specifically, the rating could be downgraded
if free cash flow remains negative, EBIT margin declines below 5%
and the headroom under the financial covenant does not improve.
Moody's could stabilize the negative outlook, if the company
successfully executes its business strategy and financial
performance and the cushion under the financial covenant improves.
The upgrade is unlikely at this time, but if performance improves,
the upgrade would be predicated on the company raising EBIT margin
to mid single-digits, generating positive free cash flow while
maintaining debt/EBITDA below 6x.

Headquartered in Green Bay, WI, W/S Packaging Group, Inc is a
provider of pressure sensitive labels, flexible film packaging and
other packaging solutions for the food and beverage, health and
beauty, and consumer products markets.  Revenue for the twelve
months ended Dec. 31, 2014 was approximately $438 million.  W/S has
been a portfolio company of J.W. Childs Associates, L.P. since
2006.

The principal methodology used in these ratings was Global
Packaging Manufacturers: Metal, Glass, and Plastic Containers
published in June 2009. Other methodologies used include Loss Given
Default for Speculative-Grade Non-Financial Companies in the U.S.,
Canada and EMEA published in June 2009.


WARREN BODEKER: Can't Revoke Homestead Waiver
---------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that a man who waived his homestead exemption
relying on case law that was later reversed by the U.S. Supreme
Court couldn't use the change of law to revoke his waiver.

According to the report, U.S. District Judge Brian Morris in
Missoula, Montana, had a case in which an individual bankrupt
claimed a homestead exemption.  It turned out that he lied on his
schedules by failing to disclose ownership of gold and coins, the
report related.

The case is Brandon v. Bodeker (In re Bodeker), 14-cv-195, U.S.
District Court, District of Montana (Missoula).


WBH ENERGY: Wants to Hire Willkie Farr as Corporate Counsel
-----------------------------------------------------------
WBH Energy, LP, et al., ask the U.S. Bankruptcy Court for
permission to employ Willkie Farr & Gallagher LLP as corporate
counsel effective as of the Petition Date.

WF&G will represent the Debtors' estates as special oil and gas
counsel to the Debtors on these matters:

   -- provide general corporate and transactional advice to the
Debtors;

   -- advise on strategic oil and gas legal matters; and

   -- provide legal advice to the Debtors regarding certain finance
issues.

Michael De Voe Piazza, a partner at WF&G, has represented the
Debtors extensively prepetition and is familiar with the Debtors'
organizational structure and business and financial dealings.

Mr. Piazza will be the primary attorney from WF&G representing the
Debtors.  The hourly rates for the attorneys and paralegals that
may work on the matter are:

         Mr. Piazza                       $900
         J. Clay Brett                    $720

The hourly rates of other WF&G personnel are:

         Partners                      $900 – $1275
         Associates                    $465 - $890
         Law Clerks                       $340
         Paralegals                    $135 - $340

To the best of the Debtor's knowledge, WF&G does not hold any
interest adverse to the Debtor or to the estate with respect to the
matter on which such attorney is to be employed.

WF&G can be reached at:

         WILLKIE FARR & GALLAGHER LLP
         Attn: Michael De Voe Piazza
         600 Travis Street, Suite 2310
         Houston, TX 77002
         E-mail: mpiazza@willkie.com
         Tel: (713) 510-1776
         Fax: (713) 510-1799

                         About WBH Energy

WBH Energy Partners LLC (Bankr. W.D. Tex. Case No. 15-10004) and
its affiliates -- WBH Energy, LP (Bankr. W.D. Tex. Case No.
15-10003) and WBH Energy GP, LLC (Bankr. W.D. Tex. Case No.
15-10005) separately filed for Chapter 11 bankruptcy protection on
Jan. 4, 2015.  The petitions were signed by Joseph S. Warnock, vice
president.

Judge Christopher Mott presides over WBH Energy, LP's case, while
Judge Tony M. Davis presides over WBH Energy Partners' and WBH
Energy GP's cases.

William A. (Trey) Wood, III, Esq., at Bracewell & Giuliani LLP,
serves as the Debtors' bankruptcy counsel.

WBH Energy, LP, and WBH Energy Partners estimated their assets and
liabilities at between $10 million and $50 million each.  WBH
Energy, LP disclosed $557,045 plus an unknown amount and
$48,950,652 in liabilities as of the Chapter 11 filing.  WBH Energy
GP estimated its assets at up to $50,000, and its liabilities at
between $10 million and $50 million.

The U.S. Trustee for Region 7 appointed seven creditors to serve on
the official committee of unsecured creditors.


WESTMORELAND RESOURCE: Appoints Principal Accounting Officer
------------------------------------------------------------
The board of directors of Westmoreland Resources GP, LLC, a general
partner of Westmoreland Resource Partners, LP, appointed Michael J.
Meyer as principal accounting officer of Westmoreland LP.  Mr.
Meyer replaced Denise Maksimoski, who now serves as senior director
of accounting, according to a document filed with the Securities
and Exchange Commission.

Mr. Meyer, 38, has served as controller of Westmoreland GP since
October 2012.  Prior to joining Westmoreland GP, he was an Internal
Audit Manager with L Brand, a specialty retailer, from May 2010
through October 2012.  Mr. Meyer has over 11-years of public
accounting experience and has focused on global consumer industrial
clients.  Prior to May 2010 Mr. Meyer was an Audit Senior Manager
with KPMG LLP.  He earned a B.B.A. with a double major in
accounting and finance from the Carl H. Lindner College of Business
at the University of Cincinnati in June of 1999 and became a
certified public accountant in March 2002.

                    About Westmoreland Resource

Oxford Resource Partners, LP, now known as Westmoreland Resource
Partners, LP, is a producer of high value steam coal, and is the
largest producer of surface mined coal in Ohio.

Oxford Resource reported a net loss of $23.7 million in 2013, a net
loss of $26.05 million in 2012 and a net loss of $8.32 million in
2011.

The Company's balance sheet at Sept. 30, 2014, showed $203.9
million in total assets, $218 million in total liabilities, and a
partners' deficit of $14.2 million.


YELLOWSTONE MOUNTAIN: Trustee Pursuing Blixseth's Wife
------------------------------------------------------
Bill Rochelle and Sherri Toub, bankruptcy columnists for Bloomberg
News, reported that the trustee for creditors of the bankrupt
Yellowstone Mountain Club LLC now intends to pursue Timothy
Blixseth's wife and his lawyers to recover $13.6 million he spent
after selling a resort in Mexico in violation of a court
injunction.

According to the report, Blixseth, the club's owner before
bankruptcy, spent almost a week in jail, until he was freed just
before Christmas by the U.S. Court of Appeals for the Ninth Circuit
in San Francisco.  He had been held in civil contempt by a federal
district judge in Montana for failing to comply with a court order
from February 2014 compelling him to explain what he did with the
$13.6 million, the report related.

The contempt case is Glasser v. Blixseth (In re Yellowstone
Mountain Club LLC), 13-cv-00068, U.S. District Court, District of
Montana (Butte).

                     About Yellowstone Mountain

Located near Big Sky, Montana, Yellowstone Mountain Club LLC --
http://www.theyellowstoneclub.com/-- is a private golf and ski    
community with more than 350 members, including Bill Gates and Dan
Quayle.  The Company was founded in 1999.

Yellowstone Club and its affiliates filed for Chapter 11
bankruptcy (Bankr. D. Montana, Case No. 08-61570) on Nov. 10,
2008.  The Company's owner affiliate, Edra D. Blixseth, filed
a separate Chapter 11 petition on March 27, 2009 (Case No.
09-60452).

Attorneys at Bullivant Houser Bailey PC and Bekkedahl & Green
PLLC represented Yellowstone.  The Debtors hired FTI Consulting
Inc. and Ronald Greenspan as CRO.  The official committee of
unsecured creditors were represented by Parsons, Behle and
Latimer; and James H. Cossitt, Esq., as counsel.  Credit Suisse,
the prepetition first lien lender, was represented by Skadden,
Arps, Slate, Meagher & Flom.

In June 2009, the Bankruptcy Court entered an order confirming
Yellowstone's Chapter 11 Plan.  Pursuant to the Plan, CrossHarbor
Capital Partners LLC acquired equity ownership in the reorganized
Club for $115 million.

Marc S. Kirschner, Esq., was appointed the Trustee of the
Yellowstone Club Liquidating Trust created under the Plan.


[^] BOOK REVIEW: Lost Prophets — An Insider's History
-------------------------------------------------------
Author: Alfred L. Malabre, Jr.
Publisher: Beard Books
Softcover: 256 pages
List Price: $34.95
Review by Henry Berry

Order your personal copy today at http://is.gd/KNTLyr

Alfred Malabre’s personal perspective on the U.S. economy over
the
past four decades is firmly grounded in his experience and
knowledge. Economics Editor of The Wall Street Journal from 1969
to 1993 and author of its weekly “Outlook” column, Malabre was
in
a singular position to follow the U.S. economy in recent decades,
have access to the major academic and political figures
responsible for economic affairs, and get behind the crucial
economic stories of the day. He brings to this critical overview
of the economy both a lively, often provocative, commentary on the
picture of the turns of the economy. To this he adds sharp
analysis and cogent explanation.

In general, Malabre does not put much stock in economists. “In
sum, the profession’s record in the half century since Keynes
and
White sat down at Bretton Woods [after World War II] provokes
dismay.” Following this sour note, he refers to the belief of a
noted fellow economist that the Nobel Prize in this field should
be discontinued. In doing so, he also points out that the Nobel
for economics was not one originally endowed by Alfred Nobel, but
was one added at a later date funded by the central bank of Sweden
apparently in an effort to give the profession of economists the
prestige and notice of medicine, science, literature and other
Nobel categories.

Malabre’s view of economists is widespread, although rarely
expressed in economic circles. It derives from the plain fact
that modern economists, even hugely influential ones such as John
Meynard Keynes, are wrong as many times as they are right. Their
economic theories have proved incomplete or shortsighted, if not
basically wrong-headed. For example, Malabre thinks of the
leading economist Milton Friedman and his “monetarist
colleagues”
as “super salespeople, successfully merchandising.an economic
medicine that promised far more than it could deliver” from
about
the 1960s through the Reagan years of the 1980s. But the author
not only cites how the economy has again and again disproved the
theories and exposed the irrelevance of wrong-headedness of the
policy recommendations of the most influential economists of the
day. Malabre also lays out abundant economic data and describes
contemporary marketplace and social activities to show how the
economy performs almost independently of the best analyses and
ideas of economists.

Malabre does not engage in his critiques of noted economists and
prevailing economic ideas of recent decades as an end in itself.
What emerges in all of his consistent, clear-eyed, unideological
analysis and commentary is his own broad, seasoned view of
economics-namely, the predominance of the business cycle. He
compares this with human nature, which is after all the substance
of economics often overlooked by professional and academic
economists with their focus on monetary policy, exchange rates,
inflation, and such. “The business cycle, like human nature, is
here to stay” is the lesson Malabre aims to impart to readers
interested in understanding the fundamental, abiding nature of
economics. In Lost Prophets, in language that is accessible and
jargon-free, this author, who has observed, written about, and
explained economics from all angles for several decades,
persuasively makes this point.

In addition to holding a top position at The Wall Street Journal,
Malabre is also the author of the books, Understanding the New
Economy and Beyond Our Means, which received the George S. Eccles
Prize from the Columbia Business School as the best economics book
of 1987.



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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,
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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

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Copyright 2015.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
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