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Tomorrow's Headlines:
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 11, 2011, Vol. 15, No. 41
Headlines
59 EAST: Voluntary Chapter 11 Case Summary
ADVANTA CORP: Seeks OK For Liquidation-Heavy Ch. 11 Plan
AEA FEDERAL: Financial Condition Continues to Sink
AIRTRAN HOLDINGS: Reports $38.54 Million Net Income for 2010
ALION SCIENCE: Incurs $11.13 Million Net Loss in Dec. 2010 Qtr.
ALMA ENERGY: Pikeville Energy Appeal Remanded to Bankr. Court
APEX DIGITAL: Court Sets February 18 as Claims Bar Date
ARLIE & COMPANY: Court Approves Sale of Jasper Property
ARLIE & COMPANY: Files Proposed Bid Protocol for Hawaii Properties
BARNEYS NEW YORK: CEO Unveils Plan to Revitalize Retailer
BERRY PLASTIC: Estimates $1.04 Billion Net Sales for 1Q 2010
BERNARD L MADOFF: Judge Bars Suits Against Madoff Relatives
BEST ENERGY: Inks 16th and 17th Amendment to Revolving Credit
BILLY JAMES MACE: Regions Bank Fails in Bid to Derail Plan
BIOFUEL ENERGY: Generates $46 Million From Rights Offering
BLOCLBUSTER INC: Distributor Seeks Payment for 'Twilight' Movies
BRIAN A KITTS: Ch. 7 Trustee Gets $241T Damages in Winterfox Suit
CARGO TRANSPORTATION: US Trustee Forms Creditor's Committee
CARTER BEHAVIOR: Case Summary & 17 Largest Unsecured Creditors
CASCADE BANCORP: C. Casciato Does Not Own Any Securities
CASCADE BANCORP: Lightyear Entities Hold 24.38% Equity Stake
CASCADE BANCORP: Lightyear Fund Owns 11.47MM Common Shares
CASCADIA PARTNERS: US Trustee Has Not Form Creditor's Committee
CHABAD HOUSE: Files for Bankruptcy to Halt Foreclosure Suit
CIRCOR INT'L: District Court Affirms Leslie's Chapter11 Plan
CLEARWIRE CORP: Abandons Retail Strategy to Focus on Wholesale
COMFORCE CORP: RBF Capital Does Not Own Common Shares
CORNERSTONE BANCSHARES: Gary Petty Owns 611 Common Shares
CRAIG LUTZ: Files for Chapter 13 Bankruptcy Protection
CREDIT-BASED ASSET: Files Plan; Would Repay Unclassified Claims
CRYSTAL CATHEDRAL: Fred Southard Resigns as CFO to Save Money
DELTA PETROLEUM: CEO Lakey Owns 525,828 Common Shares
DENNY'S CORPORATION: BlackRock Discloses 6.07% Equity Stake
DISH NETWORK: BlackRock Discloses 7.52% Equity Stake
DVM HEALTH: Voluntary Chapter 11 Case Summary
DYNAVAX TECHNOLOGIES: BlackRock Discloses 7.42% Equity Stake
DYNEGY INC: UBS AG Discloses 0.34% Equity Stake
EASTMAN KODAK: BlackRock Discloses 6.57% Equity Stake
ELITE PHARMACEUTICALS: Gets FDA Approval of Generic HCL Tablets
ENNIS COMMERCIAL: Unsecureds Paid $2,066,594 Over 10 Year Period
FENTURA FINANCIAL: Sale of West Michigan Bank Completed
FIRST NATIONAL: Wants to Extend Plan Filing Deadline to May 5
FIRSTFED FINANCIAL: Taps Garden City as Noticing Agent
FKF MADISON: Controlling Members Ditch Shapiro-Backed Plan
FORD MOTOR: BlackRock Holds 5.28% Equity Stake
FORD'S COLONY: Must File Reorganization Plan by February 28
FRIENDSHIP MISSIONARY: Case Summary & Creditors List
FUDDRUCKERS INC: Judge Bars Ex Franchisee From Using Name
FUDDRUCKERS INC: Luby's Ends Bid to Compromise W/ Ex-Franchisee
GENERAL MARITIME: BlackRock Discloses 5.25% Equity Stake
GILLIOZ THEATRE: Bankruptcy Judge Denies Bank's Conversion Plea
GLAZIER GROUP: US Trustee Forms Three-Member Creditor's Committee
GLAZIER GROUP: Wants Court to Appoint Trustee to Oversee Sale
GRAY TELEVISION: BlackRock Discloses 6.66% Equity Stake
HARRINGTON WEST: Exclusivity Period Extended to June 27
HARRY & DAVID: Issues Going-Concern Warning
HARRY & DAVID: Reports $13.8 Million Net Income in Dec. 25 Quarter
HD SUPPLY: T. Newnam Resigns; Ledford and Bernasek Fill Vacancy
HEALTHSOUTH CORP: BlackRock Discloses 9.28% Equity Stake
HIGHWAY TRUST: Could be Insolvent Next Fiscal Year, CBO Says
HILLARY HARMON: Bankr. Ct. Explains Sanctions Against Lighthouse
HOTEL DEL CORONADO: Recap Deal Adds Blackstone, Cashes Out KKR
HOVNANIAN ENTERPRISES: To Sell Notes, Common Shares and Units
HP DISTRIBUTION: Must Decide on Teletrac Deal for GPS Units
IMAGE METRICS: Buys Big Stage Assets for 2MM Common Shares
INCENTIUM LLC: Ceases Business Operations
ISC BUILDING: To Seek Plan Confirmation
ISLAND ONE: Hearing to Modify Bid Procedures Order Set for Feb. 16
ISTAR FINANCIAL: BlackRock Discloses 5.85% Equity Stake
ISTAR FINANCIAL: Franklin Resources Has 0% Equity Stake
JENNIFER CONVERTIBLES: Wins Approval of Bankruptcy-Exit Plan
JETBLUE AIRWAYS: BlackRock Discloses 6.66% Equity Stake
J.T. SPINOSA: Files for Chapter 11 Bankruptcy Protection
KENTUCKIANA MEDICAL: Investor Sues Doctors in Jefferson Court
LACK'S STORES: US Trustee Forms Five-Member Creditor's Committee
LACK'S STORES: Files Schedules of Assets and Liabilities
LACK'S STORES: Texas Comptroller Defends Creditors From State
LEXI DEV'T: Has Interim OK to Use Lexi North Bay's Cash Collateral
LOCAL INSIGHT: U.S. Trustee Files Amended Committee List
LOCAL INSIGHT: Wants Court to Set April 4 as Claims Deadline
LOGAN JOHNSTON: Court to Hold Further Briefing in Sternberg Case
MAGNA ENTERTAINMENT: Loses $10-Million Suit Against PA Meadows
MAYSVILLE INC: Court Dismisses Chapter 11 Case
MIDWEST PROPERTIES: Case Summary & 2 Largest Unsecured Creditors
MOMENTIVE SPECIALTY: Completes Sale of IAR Business to Harima
MONEYGRAM INT'L: Reports $16.16MM Net Income for Dec. 2010 Qtr.
MORGANS HOTEL: Massachusetts Financial Holds 7.2% Equity Stake
MPG TRUST: Edward J. Ratinoff Does Not Own Any Securities
MTR LEASING: Files Schedules of Assets and Liabilities
MYPHOTOPIPE.COM: Files for Chapter 11 Protection
NACIREMA INDUSTRIES: US Trustee Names 5 Members to Creditors Panel
NATIONAL HOME: Objects to Committee's Plan; Hearing Set for Feb 23
NCOAT INC: Wants to Extend Plan Filing Deadline to May 14
NEOMEDIA TECHNOLOGIES: Andypolo Discloses 9.9% Equity Stake
NEOMEDIA TECHNOLOGIES: YA Global Discloses 9.9% Equity Stake
NEW INVESTMENTS: Case Summary & 2 Largest Unsecured Creditors
NORTEL NETWORKS: Employees Challenge $38-Millon Deferred-Pay Grab
NOVADEL PHARMA: Amends Form S-1; To Sell 40MM Common Shares
NOVADEL PHARMA: ZolpimistTM Oral Spray Launched in U.S.
NOVASTAR FINANCIAL: Barry Igdaloff Discloses 10.3% Equity Stake
NOVELOS THERAPEUTICS: Deregisters 15.60 Million Common Shares
PAGE ONE: Case Summary & 20 Largest Unsecured Creditors
PALM HARBOR: Filing of Form 10-Q for Dec. 24 Quarter to be Delayed
PATIENT SAFETY: COO Hamilton Resigns for Personal Reasons
PEANUT CORP: Salmonella Victims Seek Criminal Case for Ex-Head
RADIENT PHARMACEUTICALS: Unit Closes $900,000 Bridge Financing
RAINIER MOVING: Case Summary & 20 Largest Unsecured Creditors
RDK TRUCK: Asks for Court's Permission to Use Cash Collateral
RDK TRUCK: Section 341(a) Meeting Scheduled for March 2
RDK TRUCK: Has Interim OK to Hire Morse & Gomez as Bankr. Counsel
REALOGY CORP: Completes Offering of $700MM Sr. Secured Notes
RLAND PROPERTIES: Files for Chapter 11 Bankruptcy Protection
ROBERT PODZEMNY: Can Use Cash for 2011 Cattle and Corn Crop
SANTA ROSA BAY: $2.2MM July Bond Payment Looms for Bo's Bridge
SARABAY LLC: Files Management Summary of Real Estate
SEDONA DEVELOPMENT: Plan Outline Hearing Scheduled for March 9
SHUBH HOTELS: Court Moves Hearing on Carbon Capital DS to March 8
SOLOMON DWEK: District Court Rejects Kantrowitz Appeal
STONEWALL MINER: Files for Chapter 11 Bankruptcy Protection
SUMMIT BUSINESS: Section 341(a) Meeting Set for March 9
SUMMIT BUSINESS: US Trustee Unables to Form Creditor's Committee
SUNWEST MANAGEMENT: Settles With Merrill Over $2.2 Million Claim
SYNTERRA 3020: Section 341(A) Meeting Set for February 24
TED B WATTS: BankTrust's Objection to Espy Fees Overruled
TREVOR DAVIS: Zimco Holdings Wants Property Sale to Continue
TRICO MARINE: DIP Lenders Reply to Objection Filed
TRICO MARINE: Silverback Asset Ceases to Own Common Shares
TSG INC: Cash Collateral Hearing Continued Until March 30
TSO INC: Files Schedules of Assets and Liabilities
TWIN CITY: Wants to Extend Plan Filing Deadline to May 12
UNIFI INC: Reports $5.38 Million Net Income for Dec. 2010 Qtr.
UNIGENE LABORATORIES: To Sell Property to RCP Birch for $1.2MM
UNISYS CORP: Amends Current Report to Correct Wording
WASHINGTON MUTUAL: Judge Says Shareholder Appeal Untimely
WHITEHALL AVENUE: Sets February 28 as Creditors Meeting
WIKILOAN INC: Founder Returns Close to 10MM Shares to Treasury
WILMINGTON PRINTING: Files for Bankruptcy Amids BB&T Foreclosure
WJO INC: US Trustee Forms Three-Member Creditor's Committe
WJO INC: U.S. Trustee Wants Reorganization Case Converted to Ch. 7
YRC WORLDWIDE: Incurs $322 Million Net Loss in 2010
* Congress to Tackle Fical Woes, Discuss State Bankruptcy Option
* Mich. Municipalities and School Districts Could Face Insolvency
* Missouri's Second Injury Fund Nearing Insolvency, Koster Warns
* S&P Says Struggling Firms' Default Rate Will Continue to Drop
* Three Day Pitney Bankruptcy Pros Join Pryor Cashman
* U.S. House Republicans Rule Out Federal Bailouts for States
* BOOK REVIEW: Medical Jurisprudence, Insanity, and Toxicology
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