/raid1/www/Hosts/bankrupt/TCR

/raid1/www/Hosts/bankrupt/TCR_Public/160109.mbx T R O U B L E D C O M P A N Y R E P O R T E R Saturday, January 9, 2016, Vol. 20, No. 9 Headlines ALLONHILL LLC: Reports $287,831 Net Loss in October ATLANTIC & PACIFIC: Incurs $34.93 Million Net Loss as of Sept. 12 ATLS ACQUISITION: Gains $8.06 Million Net Income at Sept. 18 BUDD COMPANY: Ends October With $293 Million Cash CACHE INC: Reports $38,000 Net Income in September CAESARS ENTERTAINMENT: Lists $23.6MM Net Income in October COUNTRY STONE: Ending Cash Balance Drops to $10,407 in October COYNE INTERNATIONAL: Incurs $1.05 Million Net Loss in August COYNE INTERNATIONAL: Reports $1.06 Million Net Loss in September DEB SHOPS: Reports $382,486 Net Income in September GOLDEN COUNTY: Incurs $232,000 Net Loss at Oct. 31 GT ADVANCED: Reports $6.53 Million Net Loss in October GT ADVANCED: Reports $9.933 Million Net Loss in September JAMES RIVER: Net Income Decreases to $301,000 in September RESPONSE GENETICS: Incurs $1.23 Million Net Loss in August RESPONSE GENETICS: Net Loss Widens to $2.72MM in September USA DISCOUNTERS: Reports $1.73 Million Net Loss at Sept. 30 ********* ALLONHILL LLC: Reports $287,831 Net Loss in October --------------------------------------------------- Allonhill LLC, on November 20, 2015, filed its monthly operating report for October 2015. The Debtor reported a net loss of $287,831 on zero revenue for the month. As of October 31, 2015, the Debtor had $6.82 million in total assets, $37.35 million in total liabilities, and a $30.53 million total shareholders' deficit. The Debtor had a beginning cash balance of $7.06 million at October 1. It listed $300,174 in total receipts and $576,701 in total disbursements which includes $4,875 in U.S. trustee quarterly fees. Ending cash balance was $6.78 million at October 31. A copy of the monthly operating report is available at: http://bankrupt.com/misc/Allonhill_oct2015mor.pdf About Allonhill LLC Allonhill LLC, a professional services firm based in Denver, Colorado, that previously provided loan due diligence and credit risk management services for institutions that invest in, sell, securitize or service mortgage loans, sought protection under Chapter 11 of the Bankruptcy Code on March 26, 2014. The case is In re Allonhill, LLC, Case No. 14-bk-10663 (Bankr. D. Del.). The Debtor's General Counsel is HOGAN LOVELLS US LLP. The Debtor's Local Counsel is Neil B. Glassman, Esq., Justin R. Alberto, Esq., and Evan T. Miller, Esq., at BAYARD, P.A., in Wilmington, Delaware. Upshot Services LLC serves as the Debtor's Claims and Noticing Agent. The Debtor disclosed $19,205,062 in assets and $32,918,294 in liabilities as of the Chapter 11 filing. Roberta A. DeAngelis, U.S. Trustee for Region 3, notified the Bankruptcy Court that she was unable to appoint an official committee of unsecured creditors in the case of Allonhill, LLC. The U.S. Trustee explained that there was insufficient response to the communication/contact for service on the committee. ATLANTIC & PACIFIC: Incurs $34.93 Million Net Loss as of Sept. 12 ----------------------------------------------------------------- The Great Atlantic & Pacific Tea Company, Inc., and its debtor affiliates, on October 26, 2015, filed a monthly operating report for the period from August 15, 2015, to September 12, 2015. The Debtors incurred a consolidated net loss of $34.93 million on sales of $345.48 million for the reporting period. The Debtors posted $1.52 billion in total assets, $2.36 billion in total liabilities, and $840.22 million in total shareholders' deficit as of September 12, 2015. The Debtors started the period with $201.67 million cash. Net cash from operations totalled $7.29 million and net cash from financing activities totaled $9.29 million. At the end of the period, the Debtors had $190.23 million cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/GreatAtlanticaug-septmor.pdf About Atlantic & Pacific Based in Montvale, New Jersey, The Great Atlantic & Pacific Tea Company, Inc., and its affiliates are one of the nation's oldest leading supermarket and food retailers, operating approximately 300 supermarkets, beer, wine, and liquor stores, combination food and drug stores, and limited assortment food stores across six Northeastern states. The primary retail operations consist of supermarkets operated under a variety of well known trade names, or "banners," including A&P, Waldbaum's, SuperFresh, Pathmark, Food Basics, The Food Emporium, Best Cellars, and A&P Liquors. The Company employs approximately 28,500 employees, over 90% of whom are members of one of twelve local unions whose members are employed by the Debtors under the authority of 35 separate collective bargaining agreements. Then with 429 stores, A&P and its affiliates filed Chapter 11 petitions (Bankr. S.D.N.Y. Case No. 10-24549) on Dec. 12, 2010, and in 2012 emerged from Chapter 11 bankruptcy as a privately held company with 320 supermarkets. On July 19, 2015, with 300 stores, A&P and 20 affiliated debtors each filed a Chapter 11 petition (Bankr. S.D.N.Y.) after reaching deals for the going concern sales of 120 stores. The Debtors are seeking joint administration under Case No. 15-23007. As of Feb. 28, 2015, the Debtors reported total assets of $1.6 billion and liabilities of $2.3 billion. The Debtors tapped Weil, Gotshal & Manges LLP as counsel, Evercore Group L.L.C., as investment banker, FTI Consulting, Inc., as financial advisor, Hilco Real Estate, LLC, as real estate advisor, and Prime Clerk LLC, as claims and noticing agent. Judge Robert D. Drain of the U.S. Bankruptcy Court for the Southern District of New York issued an order directing joint administration of the Chapter 11 cases of The Great Atlantic & Pacific Tea Company, Inc., and its debtor affiliates under lead case no. 15-23007. ATLS ACQUISITION: Gains $8.06 Million Net Income at Sept. 18 ------------------------------------------------------------ ATLS Acquisition, LLC, and its affiliates, on October 30, 2015, filed their monthly operating report for the reporting period from September 1, 2015, to September 18, 2015. The Debtors' September consolidated statement of operations revealed a net income of $8.06 million on zero revenues. As of September 18, 2015, the Debtors listed consolidated total assets of $45.97 million, consolidated total liabilities of $53.36 million, and $7.39 million in total consolidated shareholders' deficit. At the start of the period, the Debtors had $27.63 million cash. They listed total receipts of -$465,408 and total disbursements of $102,550. Disbursements include $25,643 in professional fees. At the end of the period, the Debtors had $27.06 million cash. A copy of the monthly operating report is available at: http://bankrupt.com/misc/ATLSACQUISITIONsept2015mor.pdf About Liberty Medical Entities that own diabetics supply provider Liberty Medical led by ATLS Acquisition, LLC, sought Chapter 11 protection (Bankr. D. Del. Lead Case No. 13-10262) on Feb. 15, 2013, just less than three months after a management buy-out and amid a notice by the lender who financed the transaction that it's exercising an option to acquire the business. Liberty has been in business for 22 years serving the needs of both type 1 and type 2 diabetic patients. Liberty is a mail order provider of diabetes testing supplies. In addition to diabetes testing supplies, the Debtors also sell insulin pumps and insulin pump supplies, ostomy, catheter and CPAP supplies and operate a large mail order pharmacy. Liberty operates in seven different locations and has 1,684 employees. Dennis A. Meloro, Esq., at Greenberg Traurig, LLP, serves as the Debtor's counsel; Ernst & Young LLP to provide investment banking advice; and Epiq Bankruptcy Solutions, LLC, as claims and noticing agent for the Clerk of the Bankruptcy Court. An official committee of unsecured creditors has been appointed in the case and consists of LifeScan, Inc., Abbott Laboratories, and Teva Pharmaceuticals USA, Inc. They are represented by Joseph H. Huston Jr., Esq., Maria Aprile Sawczuk, Esq., and Camille C. Bent, Esq., of Stevens & Lee P.C. as well as Bruce Buechler, Esq., S. Jason Teele, Esq., and Nicole Stefanelli, Esq. of Lowenstein Sandler LLP. The Committee has tapped Mesirow Financial Consulting, LLC, as financial advisors. In November 2014, the Debtor received the green light from the Bankruptcy Court for its $68.5 million sale to an investment group led by private equity firm Palm Beach Capital. The auction for the assets boosted the purchase price by more than $20 million. On July 15, 2015, Judge Silverstein entered an order confirming the First Amended Joint Plan of Liquidation of the Debtors. The Plan is anticipated to provide a 100% recovery to Holders of all allowed claims in the Chaper 11 cases other than the Medco Claims. Embodied in the Amended Plan are the terms of a settlement which provides for an aggregate $2.4 million distribution in full and final satisfaction of all of claims that the individual parties may have against the Debtors' estates, directly or indirectly, for attorneys' fees and costs. BUDD COMPANY: Ends October With $293 Million Cash ------------------------------------------------- The Budd Company, Inc., on November 18, 2015, filed its monthly operating report for October 2015. At the start of the month, the Debtor had $298.46 million cash. It listed total receipts of $1.24 million and $6.70 million in total disbursements. As a result, the Debtor had $293 million at month end. A copy of the monthly operating report is available at: http://bankrupt.com/misc/BuddCompany_oct2015mor.pdf About The Budd Company The Budd Company, Inc., a former supplier to the automotive industry, filed for chapter 11 bankruptcy protection (Bankr. N.D. Ill. Case No. 14-11873) on March 31, 2014, with a deal to settle potential claims against its parent, ThyssenKrupp AG. The company -- which ceased manufacturing operations in 2006 and does not have any current employees, facilities or customers -- has obligations consisting largely of medical and other benefits to approximately 10,000 former employees. Liabilities amount to approximately $1 billion with assets of approximately $400 million. Most of the debt consists largely of medical and other benefits to approximately 10,000 former employees. The Debtor disclosed $387,555,681 in assets and $1,107,350,034 in liabilities as of the Chapter 11 filing. The Hon. Jack B. Schmetterer oversees the case. The Debtor has tapped Proskauer Rose LLP as Chapter 11 counsel, Dickinson Wright PLLC as special counsel, Epiq Bankruptcy Solutions, LLC as noticing, claims and balloting agent, and Conway MacKenzie Management Services, LLC's Charles M. Moore as CRO. The U.S. Trustee appointed five individuals to serve on the Committee of Executive & Administrative Retirees. The Segal Company (Eastern States), Inc. serves as the Committee's actuarial consultant. The Committee retained Solic Capital Advisors, LLC as its financial advisor. Reed Heiligman, Esq., at FrankGecker LLP, in Chicago, Illinois, represents the ad hoc committee of asbestos personal injury claimants. CACHE INC: Reports $38,000 Net Income in September -------------------------------------------------- Cache, Inc., et al., on November 3, 2015, filed their monthly operating report for September 2015. The Debtors reported $38,000 net income for September. As of September 30, 2015, the Debtors listed total assets of $2.10 million, total liabilities of $25.61 million, and -$23.51 million in total shareholders' equity. The Debtors had $642,000 cash at August 31, 2015. They listed total receipts of $106,000 and cash disbursements of $13,000. The Debtors had a cash balance of $735,000 at September 30, 2015. A copy of the monthly operating report is available at: http://bankrupt.com/misc/CacheInc_sept2015morpdf.pdf About Cache, Inc. Cache, Inc., which operated 236 women's apparel specialty stores under the trade name "Cache," and its two affiliates sought protection under Chapter 11 of the Bankruptcy Code (Bankr. D. Del. Case No.15-10172) on Feb. 4, 2015. The case is assigned to Judge Mary F. Walrath. The Debtors had total assets of $53.7 million and total liabilities of $51.1 million as of Sept. 27, 2014. In its schedules, the Debtor disclosed $38.8 million in assets and $84.1 million in liabilities. The Debtors are represented by Laura Davis Jones, Esq., Peter J. Keane, Esq., and Colin R. Robinson, Esq., at Pachulski Stang Ziehl& Jones LLP, in Wilmington, Delaware. The Debtors' restructuring advisors is FTI Consulting Inc., while their investment banker and financial advisor is Janney Montgomery Scott LLC. Thompson Hine represents the Debtors in corporate and securities matter, while Jackson Lewis P.C. represents the Debtors in employment matters. The Debtors' communications services provider is Epiq Systems, Inc., while their noticing and claims management services provider is Kurtzman Carson Consultants. A&G Realty Partners, LLC, serves as the Debtors' real estate consultants. The U.S. Trustee for Region 3 has appointed seven members to the Official Committee of Unsecured Creditors in the Debtors' case. The Committee retained Bayard, P.A., as local Delaware counsel, and Otterbourg P.C. as lead bankruptcy counsel. In March 2015, Great American Group LLC, a subsidiary of B. Riley Financial Inc., began going-out-of-business sales at 153 Cache retail stores pursuant to its agency agreement with the women's clothing chain. Great American Group was selected as liquidator at an auction, after agreeing to pay $18 million for Cache's assets, which is a $6.5 million increase from the stalking horse bid. CAESARS ENTERTAINMENT: Lists $23.6MM Net Income in October ---------------------------------------------------------- Caesars Entertainment Operating Company, Inc. (CEOC), a majority owned subsidiary of Caesars Entertainment Corporation, on November 30, 2015, filed its monthly operating report for October 2015. The Debtor's statement of operations for October showed a net income of $23.1 million attributable to CEOC Debtors on net revenue of $321.7 million. As of October 31, 2015, the Debtor listed $11.48 billion in total assets, $22.02 billion in total liabilities, and $10.54 billion in total shareholders' deficit. A copy of the monthly operating report is available for free at: http://bankrupt.com/misc/CaesarsEnt_Oct2015mor.pdf About Caesars Entertainment Caesars Entertainment Corp., formerly Harrah's Entertainment Inc., is one of the world's largest casino companies. Caesars casino resorts operate under the Caesars, Bally's, Flamingo, Grand Casinos, Hilton and Paris brand names. The Company has its corporate headquarters in Las Vegas. Harrah's announced its re-branding to Caesar's in mid-November 2010. In January 2015, Caesars Entertainment and subsidiary Caesars Entertainment Operating Company, Inc., announced that holders of more than 60% of claims in respect of CEOC's 11.25% senior secured notes due 2017, CEOC's 8.5% senior secured notes due 2020 and CEOC's 9% senior secured notes due 2020 have signed the Amended and Restated Restructuring Support and Forbearance Agreement, dated as of Dec. 31, 2014, among Caesars Entertainment, CEOC and the Consenting Creditors. As a result, The RSA became effective pursuant to its terms as of Jan. 9, 2015. Appaloosa Investment Limited, et al., owed $41 million on account of 10% second lien notes in the company, filed an involuntary Chapter 11 bankruptcy petition against CEOC (Bankr. D. Del. Case No. 15-10047) on Jan. 12, 2015. The bondholders are represented by Robert S. Brady, Esq., at Young, Conaway, Stargatt & Taylor LLP. CEOC and 172 other affiliates -- operators of 38 gaming and resort properties in 14 U.S. states and 5 countries -- filed Chapter 11 bankruptcy petitions (Bank. N.D. Ill. Lead Case No. 15-01145) on Jan. 15, 2015. CEOC disclosed total assets of $12.3 billion and total debt of $19.8 billion as of Sept. 30, 2014. Delaware Bankruptcy Judge Kevin Gross entered a ruling that the bankruptcy proceedings will proceed in the U.S. Bankruptcy Court for the Northern District of Illinois. Kirkland & Ellis serves as the Debtors' counsel. AlixPartners is the Debtors' restructuring advisors. Prime Clerk LLC acts as the Debtors' notice and claims agent. Judge Benjamin Goldgar presides over the cases. The U.S. Trustee has appointed seven noteholders to serve in the Official Committee of Second Priority Noteholders and nine members to serve in the Official Unsecured Creditors' Committee. The U.S. Trustee appointed Richard S. Davis as Chapter 11 examiner. On February 5, 2015, U.S. Trustee Patrick Layng appointed nine creditors to the Debtors' official committee of unsecured creditors. Two of these creditors -- the Board of Levee Commissioners for the Yazoo Mississippi Delta and MeehanCombs Global Credit Opportunities Master Fund LP -- resigned from the committee following their appointment. They were replaced by the National Retirement Fund and Relative Value-Long/Short Debt, a Series of Underlying Funds Trust. COUNTRY STONE: Ending Cash Balance Drops to $10,407 in October -------------------------------------------------------------- Country Stone Holdings Inc., nka Old CSH Inc., and its affiliated Debtors filed, on December 3, 2015, their monthly operating report for October 2015. The Debtors disclosed that they did not sell assets nor borrowed any monetary amount in October. The Debtors cash flow reported $16,107 beginning cash balance. They reported zero receipts and $5,700 in total disbursements for the period. Thus, the Debtors had an ending cash balance of $10,407 at October 31. A copy of the monthly operating report is available at: http://bankrupt.com/misc/COUNTRYSTONEoct2015mor.pdf About Country Stone Country Stone Holdings, Inc., and its affiliates are in the business of manufacturing, processing, and packaging lawn and garden products such as mulch, soil, fertilizer, plant food, organics, concrete and decorative stone. The corporate headquarters are located in Rock Island, Illinois and Milan, Illinois. Country Stone operates 17 plants throughout the United States, including in Illinois, Iowa, Indiana, Minnesota, Wisconsin, Missouri, and California. Country Stone Holdings and its affiliates sought bankruptcy protection (Bankr. C.D. Ill., Lead Case No. 14-81854) in Peoria, Illinois, on Oct. 23, 2014, with a deal to sell to Quikrete Holdings, Inc., for $23 million in cash plus the assumption of liabilities, subject to higher and better offers. The bankruptcy cases are assigned to Judge Thomas L. Perkins. Country Stone disclosed $45 million in liabilities. The Debtors have tapped Katten Muchin Rosenman LLP as counsel; Silverman Consulting to provide the services of Steven Nerger as CRO and Michael Compton as cash and restructuring manager; and Epiq Bankruptcy Solutions, LLC as claims, noticing and balloting agent. Nancy J. Gargula, U.S. Trustee for the Central District of Illinois, has appointed five creditors to serve in the official unsecured creditors committee in the Debtors' cases. The sale of substantially all of the assets of the Debtors to Hyponex Corporation and Techo-Bloc Inc. closed on Jan. 30, 2015. In line with the sale closing, the Debtors agreed to a change in the caption of their bankruptcy cases. The Bankruptcy Court has approved the name change, and Country Stone Holdings, Inc.'s new name is Old CSH, Inc. COYNE INTERNATIONAL: Incurs $1.05 Million Net Loss in August ------------------------------------------------------------ Coyne International Enterprises Corp. filed on October 14, 2015, its monthly operating report for August 2015. The Debtor's statement of operations showed a net loss of $1.05 million on total revenue of $4.62 million for August. At August 31, the Debtor had $38.86 million in total assets, $69.24 million in total liabilities, and $30.38 million in total shareholders' deficit. The Debtor started the month with $1.26 million cash. It listed $6.45 million in total receipts and $5.32 million in total disbursements. Taking into account some outstanding checks and other minimal amounts, the Debtor ended the month with $2.61 million cash. A copy of the monthly operating report is available for free at: http://is.gd/PpF0ad About Coyne International Coyne International Enterprises Corp. filed a Chapter 11 bankruptcy petition (Bankr. N.D.N.Y. Case No. 15-31160) on July 31, 2015. The petition was signed by Mark Samson as CEO. Herrick Feinstein LLP serves as the Debtor's general counsel. Phillips Lytle LLP acts as the Debtor's local bankruptcy counsel. Cohnreznick LLP is the Debtor's financial advisor. SSG Capital Advisors LLC is the Debtor's investment banker. Rust Omni serves the Debtor as claims and administrative agent. Raab, Sturm & Ganchrow, LLP acts as labor counsel to the Debtor. Harbridge Consulting Group, LLC serves as the Debtor's pension consultant. Beveridge & Diamond PC is the Debtor's environmental counsel. GZA Geoenvironmental, Inc. serves as the Debtor's environmental consultant. COYNE INTERNATIONAL: Reports $1.06 Million Net Loss in September ---------------------------------------------------------------- Coyne International Enterprises Corp. filed on October 21, 2015, its monthly operating report for September 2015. The Debtor's statement of operations showed a net loss of $1.06 million on total revenue of $5.72 million for September. At September 30, the Debtor had $40.03 million in total assets, $71.48 million in total liabilities, and $31.45 million in total shareholders' deficit. The Debtor started the month with $2.61 million cash. It listed $8.3 million in total receipts and $7.74 million in total disbursements. Taking into account outstanding checks and other minimal amounts, the Debtor ended the month with $3.88 million cash. A copy of the monthly operating report is available for free at: http://is.gd/YJRYpR About Coyne International Coyne International Enterprises Corp. filed a Chapter 11 bankruptcy petition (Bankr. N.D.N.Y. Case No. 15-31160) on July 31, 2015. The petition was signed by Mark Samson as CEO. Herrick Feinstein LLP serves as the Debtor's general counsel. Phillips Lytle LLP acts as the Debtor's local bankruptcy counsel. Cohnreznick LLP is the Debtor's financial advisor. SSG Capital Advisors LLC is the Debtor's investment banker. Rust Omni serves the Debtor as claims and administrative agent. Raab, Sturm & Ganchrow, LLP acts as labor counsel to the Debtor. Harbridge Consulting Group, LLC serves as the Debtor's pension consultant. Beveridge & Diamond PC is the Debtor's environmental counsel. GZA Geoenvironmental, Inc. serves as the Debtor's environmental consultant. DEB SHOPS: Reports $382,486 Net Income in September --------------------------------------------------- Deb Shops Inc., on October 30, 2015, filed a monthly operating report for the period from August 30, 2015, to October 3, 2015. The Debtors reported $382,486 net income for the period. A copy of the monthly operating report is available at: http://bankrupt.com/misc/DEBSHOPSsept2015.pdf About Deb Shops Deb Shops Inc., was a closely held women's-clothing retailer based in Philadelphia. Deb Shops sold junior and large-size clothing for girls and women ages 13 to 25 through more than 320 U.S. stores and through debshops.com. It was bought out by the New York investment firm Lee Equity Partners in October 2007. DSI Holdings Inc. and 54 affiliates, including Deb Shops, sought bankruptcy protection (Bankr. D. Del. Lead Case No. 11-11941), on June 26, 2011, to sell all assets under 11 U.S.C. Sec. 363. As of April 30, 2011, the Debtors' unaudited financial statements reflected assets totaling $124.4 million and liabilities totaling $270.1 million. Lawyers at Weil Gotshal & Manges LLP and Richards, Layton & Finger P.A. served as bankruptcy counsel. Rothschild Inc. served as the Debtors' investment banker and financial advisors. Kurtzman Carson Consultants, LLC, served as claims agent. Sitrick & Company served as public relations consultants. Ableco, the DIP Agent was represented by Michael L. Tuchin, Esq., and David A. Fidler, Esq., at Klee Tuchin Bogdanoff & Stern LLP. Conway Del Genio served as financial advisors to the First Lien Lenders. Schulte Roth served as corporate and tax advisors to the First Lien Lenders. Another lender, Lee DSI Holdings, was represented by Jennifer Rodburg, Esq., at Fried Frank Harris Shriver & Jacobson LLP. Roberta A. DeAngelis, U.S. Trustee for Region 3, appointed five unsecured creditors to serve on the Official Committee of Unsecured Creditors. Otterbourg Steindler Houston & Rosen served as lead counsel to the Committee. GOLDEN COUNTY: Incurs $232,000 Net Loss at Oct. 31 -------------------------------------------------- Golden County Foods, Inc., et al., on Nov. 20, 2015, filed with the Bankruptcy Court their monthly operating report for the period from Oct. 1, 2015, to Oct. 31, 2015. The Debtors reported a $232,000 net loss for the reporting period on $0 net sales. As of Oct. 31, 2015, the Debtors listed total assets of $21.44 million, total liabilities of $29.97 million, and total shareholders' equity of -$8.52 million. The Debtors had $21.78 million cash at the start of the period. The Debtors listed zero total receipts and disbursements of $334,772 for the month. The Debtors ended the month with $21.45 million. A copy of the monthly operating report is available at: http://bankrupt.com/misc/GoldenCounty_550_morOctober.pdf About Golden County Foods Golden County and its affiliates GCF Franchisee, Inc., and GCF Holdings II, Inc., filed separate Chapter 11 bankruptcy petitions (Bankr. D. Del. Case Nos. 15-11062 to 15-11064) on May 15, 2015. Mark D. Collins, Esq., and Tyler D. Semmelman, Esq., at Richards, Layton & Finger, P.A., represent the Debtor in their restructuring effort. The Debtors also hired Neligan Foley LLP as local counsel. The Debtors estimated assets and debts at $10 million to $50 million. The U.S. Trustee for Region 3 appointed seven creditors to serve on the Official Committee of Unsecured Creditors. The Committee selected Lowenstein Sandler LLP and Gellert Scali Busenkell & Brown, LLC, to serve as its co-counsel, and GlassRatner Advisory & Capital Group to serve as its financial advisor. GT ADVANCED: Reports $6.53 Million Net Loss in October ------------------------------------------------------ GT Advanced Technologies Inc., et al., on November 30, 2015, filed a monthly operating report for the period from September 27, 2015, to October 31, 2015. The Debtors reported a consolidated net loss of $6.53 million in October on $1.35 million of revenues. As of October 31, 2015, the Debtors posted consolidated total assets of $836.94 million, consolidated total current liabilities of $595 million, consolidated liabilities subject to compromise of $474.59 million, consolidated total non-current liabilities of $102.68 million, and a $335.34 million consolidated total shareholders' deficit. The Debtors listed $1.31 million in total receipts and $12.19 million in total disbursements. A copy of the monthly operating report is available at: http://bankrupt.com/misc/GTAdvanced_oct2015mor.pdf About GT Advanced 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 multi-year 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. 4-11916). 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. The bankruptcy case is assigned to Judge Henry J. Boroff. GT ADVANCED: Reports $9.933 Million Net Loss in September --------------------------------------------------------- GT Advanced Technologies Inc., et al., on October 29, 2015, filed a monthly operating report for the period from August 30 to September 26, 2015. The Debtors reported a consolidated net loss of $9.933 million in September on $1.044 million revenue. As of September 26, 2015, the Debtors posted consolidated total assets of $846.66 million, consolidated total current liabilities of $597.08 million, consolidated liabilities subject to compromise of $475.94 million, consolidated total non-current liabilities of $102.69 million, and a $329.04 million consolidated total shareholders' deficit. A copy of the monthly operating report is available at: http://is.gd/2BGhmb 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 multi-year 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. 4-11916). 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. The bankruptcy case is assigned to Judge Henry J. Boroff. JAMES RIVER: Net Income Decreases to $301,000 in September ---------------------------------------------------------- James River Coal Company, et al., on October 30, 2015, filed a monthly operating report for September 2015. The Debtors reported a net income of $301,000 in September compared to a $1 million net income in August. As of September 30, 2015, the Debtors recorded total assets of $45.02 million, total liabilities of $598.93 million, and a total shareholders' deficit of $553.92 million. The Debtors posted total cash receipts of $772,000 and total cash disbursements of $391,000 for the month. A copy of the monthly operating report is available at: http://bankrupt.com/misc/JamesRiver_sept2015mor.pdf About James River Coal James River Coal Company is a producer and marketer of coal in the Central Appalachia ("CAPP") and the Midwest coal regions of the United States. James River's principal business is the mining, preparation and sale of metallurgical coal, thermal coal (which is also known as steam coal) and specialty coal. James River and 33 of its affiliates filed Chapter 11 bankruptcy petitions (Bankr. E.D. Va. Case Nos. 14-31848 to 14-31886) in Richmond, Virginia, on April 7, 2014. The petitions were signed by Peter T. Socha as president and chief executive officer. Judge Kevin R. Huennekens oversees the Chapter 11 cases. On the petition date, James River Coal disclosed total assets of $1.06 billion and total liabilities of $818.6 million. The Debtors are represented by Tyler P. Brown, Esq., Henry P. (Toby) Long, III, Esq., and Justin F. Paget, Esq. at Hunton & Williams LLP of Richmond, VA and Marwill S. Huebner, Esq, Brian M. Resnick, Esq., and Michelle M. McGreal, Esq. at Davis Polk & Wardwell LLP of New York, NY. Kilpatrick Townsend & Stockton LLP serves as the Debtors' special counsel. Perella Weinberg Partners L.P. is the Debtors' financial advisor. Deutsche Bank Securities Inc. serves as the Debtors' investment banker and M&G advisor. Epiq Bankruptcy Solutions, LLC, acts as the debtors' notice, claims and administrative agent. The U.S. Trustee for Region 4 has appointed five creditors to the Official Committee of Unsecured Creditors. Michael S. Stamer, Esq., Alexis Freeman, Esq., and Jack M. Tracy II, Esq., at Akin Gump Strauss Hauer & Feld LLP; and Jonathan L. Gold, Esq., Christopher L. Perkins, Esq., and Christian K. Vogel, Esq., at LeClairRyan. The Debtors, in August 2014, won authority to sell the Hampden Mining Complex (including the assets of Logan & Kanawha Coal Company, LLC), the Hazard Mining Complex (other than the assets of Laurel Mountain Resources LLC) and the Triad Mining Complex for $52 million plus the assumption of certain environmental and other liabilities, to a unit of Blackhawk Mining. The Buyer is represented by Mitchell A. Seider, Esq., and Charles E. Carpenter, Esq., at Latham & Watkins LLP. RESPONSE GENETICS: Incurs $1.23 Million Net Loss in August ---------------------------------------------------------- Response Genetics Inc., on October 5, 2015, filed its monthly operating report for August 2015. The Debtor's statement of operations for the period showed a net loss of $1.23 million on $675,210 total revenues. As of August 31, 2015, the Debtor reported $12.52 million in total assets, $19.14 million in total liabilities, and $6.62 million in total stockholders' deficit. At August 9, the Debtor had $343,236 total beginning book balance. It listed $1.75 million in total receipts and $1.29 million in total disbursements. Thus, the Debtor recorded a closing book balance of $787,800. Taking into account $$119,640 in outstanding checks, the Debtor had an ending bank cash balance of $907,440 at August 31. A copy of the monthly operating report is available at: http://bankrupt.com/misc/ResponseGenetics_aug2015mor.pdf About Response Genetics Los Angeles, California-based Response Genetics, Inc. (otcqb:RGDX)-- http://www.responsegenetics.com-- is a CLIA-certified clinical laboratory focused on the development and sale of molecular diagnostic testing services for cancer. The Company's technologies enable extraction and analysis of genetic information derived from tumor cells stored as formalin-fixed and paraffin-embedded specimens. The Company's principal customers include oncologists and pathologists. In addition to diagnostic testing services, the Company generates revenue from the sale of its proprietary analytical pharmacogenomic testing services of clinical trial specimens to the pharmaceutical industry. Response Genetics, fdba Bio Type, Inc., filed for Chapter 11 bankruptcy (Bankr. D. Del. Case No. 15-11663) on Aug. 9, 2015, represented by James E. O'Neill, Esq., at Pachulski Stang Ziehl & Jones LLP. Canaccord Genuity, Inc., serves as its investment banker; and Rust Consulting Omni Bankruptcy acts as its claims and noticing agent. The Company disclosed total assets of $10.7 million and total debts of $15.7 million. The petition was signed by Thomas Bologna, chairman and chief executive officer. No request has been made for the appointment of a trustee or an examiner in the cases, and no official committee has yet been appointed by the Office of the U.S. Trustee. * * * Response Genetics executed a "stalking horse" agreement to sell all of its business assets to Cancer Genetics, Inc., for $14 million, comprised of a 50/50 split in value of cash and the common stock of CGI. CGI is represented by Kramer Levin Naftalis & Frankel LLP's James A. Grayer, Esq. RESPONSE GENETICS: Net Loss Widens to $2.72MM in September ---------------------------------------------------------- Response Genetics Inc., on November 23, 2015, filed its monthly operating report for September 2015. The Debtor listed a September net loss of $2.72 million on $657,449 total revenues, compared to a net loss of $1.23 million for August. As of September 30, 2015, the Debtor reported $10.91 million in total assets, $19.94 million in total liabilities, and $9.03 million in total stockholders' deficit. At September 1, the Debtor had $787,800 total beginning book balance. It listed $1.38 million in total receipts and $1.75 million in total disbursements. Thus, it recorded a closing book balance of $386,537. Taking into account $126,866 in outstanding checks and a $25,861 transfer to an other debtor account, the Debtor had an ending bank cash balance of $513,403 at September 31. A copy of the monthly operating report is available at: http://bankrupt.com/misc/ResponseGenetics_sept2015mor.pdf About Response Genetics Los Angeles, California-based Response Genetics, Inc. (otcqb:RGDX)-- http://www.responsegenetics.com-- is a CLIA-certified clinical laboratory focused on the development and sale of molecular diagnostic testing services for cancer. The Company's technologies enable extraction and analysis of genetic information derived from tumor cells stored as formalin-fixed and paraffin-embedded specimens. The Company's principal customers include oncologists and pathologists. In addition to diagnostic testing services, the Company generates revenue from the sale of its proprietary analytical pharmacogenomic testing services of clinical trial specimens to the pharmaceutical industry. Response Genetics, fdba Bio Type, Inc., filed for Chapter 11 bankruptcy (Bankr. D. Del. Case No. 15-11663) on Aug. 9, 2015, represented by James E. O'Neill, Esq., at Pachulski Stang Ziehl & Jones LLP. Canaccord Genuity, Inc., serves as its investment banker; and Rust Consulting Omni Bankruptcy acts as its claims and noticing agent. The Company disclosed total assets of $10.7 million and total debts of $15.7 million. The petition was signed by Thomas Bologna, chairman and chief executive officer. No request has been made for the appointment of a trustee or an examiner in the cases, and no official committee has yet been appointed by the Office of the U.S. Trustee. * * * Response Genetics executed a "stalking horse" agreement to sell all of its business assets to Cancer Genetics, Inc., for $14 million, comprised of a 50/50 split in value of cash and the common stock of CGI. CGI is represented by Kramer Levin Naftalis & Frankel LLP's James A. Grayer, Esq. USA DISCOUNTERS: Reports $1.73 Million Net Loss at Sept. 30 ----------------------------------------------------------- USA Discounters, Ltd., et. al., on October 30, 2015, filed their monthly operating report for the period from August 25, 2015, to September 30, 2015. As of September 30, 2015, the Debtors reported a net loss of $1.73 million on $2.22 million of total revenues. As of September 30, 2015, USA Discounters, Ltd., had $107.55 million in total assets, $69.62 million in total liabilities, and $37.93 million in total stockholders' equity. The Debtors started the period with $977,000 cash. They reported total cash receipts of $8.94 million and total disbursements of $2.93 million for the month. At October 3, the Debtors had $6.98 million cash. A copy of the operating report is available at: http://bankrupt.com/misc/USADiscounters_sept2015mor.pdf About USA Discounters USA Discounters was founded in May 1991. in the City of Norfolk, Virginia, under the name USA Furniture Discounters, Ltd. It sold goods through two groups of stores -- one group of specialty retail stores operating under the "USA Living" brand, typically in standalone locations, and seven additional retail stores operating under the "Fletcher's Jewelers" brand, typically in major shopping malls. USA Discounters, Ltd., and two affiliates sought Chapter 11 bankruptcy protection (Bankr. D. Del. Lead Case No. 15-11755) on Aug. 24, 2015, to wind down the business. The Debtors tapped Pachulski Stang Ziehl & Jones LLP and Klee, Tuchin, Bogdanoff & Stern LLP as attorneys, and Kurtzman Carson Consultants, LLC, as claims and noticing agent. USA Discounters Ltd. disclosed total assets of $97,490,455 plus an undetermined amount and total liabilities of $63,011,206 plus an undetermined amount. The Official Committee of Unsecured Creditors is represented by Kelly Drye & Warren LLP as lead counsel, Khler Harrison Harvey Branzburg LLP as its Delaware co-counsel. FTI Consulting, Inc., serves as its financial advisor. ********* Monday's edition of the TCR delivers a list of indicative prices for bond issues that reportedly trade well below par. Prices are obtained by TCR editors from a variety of outside sources during the prior week we think are reliable. Those sources may not, however, be complete or accurate. The Monday Bond Pricing table is compiled on the Friday prior to publication. Prices reported are not intended to reflect actual trades. Prices for actual trades are probably different. Our objective is to share information, not make markets in publicly traded securities. Nothing in the TCR constitutes an offer or solicitation to buy or sell any security of any kind. It is likely that some entity affiliated with a TCR editor holds some position in the issuers public debt and equity securities about which we report. Each Tuesday edition of the TCR contains a list of companies with insolvent balance sheets whose shares trade higher than $3 per share in public markets. At first glance, this list may look like the definitive compilation of stocks that are ideal to sell short. Don't be fooled. Assets, for example, reported at historical cost net of depreciation may understate the true value of a firm's assets. A company may establish reserves on its balance sheet for liabilities that may never materialize. The prices at which equity securities trade in public market are determined by more than a balance sheet solvency test. On Thursdays, the TCR delivers a list of recently filed Chapter 11 cases involving less than $1,000,000 in assets and liabilities delivered to nation's bankruptcy courts. The list includes links to freely downloadable images of these small-dollar petitions in Acrobat PDF format. Each Friday's edition of the TCR includes a review about a book of interest to troubled company professionals. All titles are available at your local bookstore or through Amazon.com. Go to http://www.bankrupt.com/books/to order any title today. Monthly Operating Reports are summarized in every Saturday edition of the TCR. The Sunday TCR delivers securitization rating news from the week then-ending. ********* S U B S C R I P T I O N I N F O R M A T I O N Troubled Company Reporter is a daily newsletter co-published by Bankruptcy Creditors Service, Inc., Fairless Hills, Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA. Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog, Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa, Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo Fernandez, Christopher G. Patalinghug, and Peter A. Chapman, Editors. Copyright 2016. All rights reserved. ISSN: 1520-9474. This material is copyrighted and any commercial use, resale or publication in any form (including e-mail forwarding, electronic re-mailing and photocopying) is strictly prohibited without prior written permission of the publishers. 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