Monday, February 14, 2011

Troubled Company Reporter - Feb. 15, 2011

For a 30-day trial of the TCR , please CLICK

ACCENTIA BIOPHARMACEUTICALS: Posts $7.5-Mil. Net Loss in Q1
ACTIVECARE INC: Posts $1.7 Million Net Loss in Fiscal Q1
ADVANCED DISINFECTION: Files for Chapter 7 Liquidation
ADVANTA CORP: Court Confirms Chapter 11 Plan
AEOLUS PHARMACEUTICALS: Preferred Stock Hiked to 1.6MM Shares

AGRISOLAR SOLUTIONS: Posts $6,500 Net Loss in Dec. 31 Quarter
AKSM HOLDINGS: Judge Approves Sale to ViWinTech & Brown
AMERICAL APPAREL: 2009 Financials Now Labeled as 'Unaudited'
AMERICAN APPAREL: John Luttrell Does Not Own Any Securities
AMERICAN CAMSHAFT: $3.12MM Payments to Gerdau Not Preferential

ANCHOR BANCORP: Incurs $12.18 Million Net Loss in Dec. 31 Qtr.
ARCHIBALD ONTARIO: Case Summary & 9 Largest Unsecured Creditors
ARYX THERAPEUTICS: K. Leonard Resigns From Board of Directors
ASARCO LLC: Case vs. Barclays Transferred to Judge Hanen
ASARCO LLC: Court OKs Marten Law Group's $1.7 Mil. Fees

ASHLEY SMITH: Case Summary & 9 Largest Unsecured Creditors
AUBURN EXPRESS: Case Summary & Largest Unsecured Creditor
AW FINANCIAL: Case Summary & 3 Largest Unsecured Creditors
BAKERS FOOTWEAR: Sales Hike to $58.2MM in 13 Weeks Ended Jan. 29
BAL BAY: Case Summary & 2 Largest Unsecured Creditors

BEAVERDAM LAND: Case Summary & 5 Largest Unsecured Creditors
BF BOLTHOUSE: Moody's Gives Negative Outlook on 7x Leverage
BION ENVIRONMENTAL: Posts $3.1 Million Net Loss in Dec. 31 Quarter
BIOVEST INTERNATIONAL: Incurs $11.7MM Loss in Dec. 31 Quarter
BLOCKBUSTER INC: Diamondback Equity Stake Down to 0%

BLOCKBUSTER INC: Goldman Sachs Units Report 0.1% Equity Stake
BLOCKBUSTER INC: M.A.M., et al., Report 5.77% Equity Stake
BLOCKBUSTER INC: U.S. Trustee Closes Sec. 341 Meeting
BORCHERT LLC: Case Summary & 19 Largest Unsecured Creditors
BROWN MEDIA: BizWest Acquires Three Business Newspapers

BRUNSCHWIG & FILS: Kravet-Led Auction on March 7
CALIFORNIA COASTAL: To Present Plan for Confirmation Tomorrow
CALIFORNIA COASTAL: Gets Court's Permission to Sell Homes
CANO PETROLEUM: Trapeze Group's Equity Stake Down to 1.1%
CASCADE BANCORP: Green Equity Discloses 24.4% Equity Stake

CASCADE BANCORP: Two Directors Do Not Own Any Securities
CASCADE BANCORP: Wilbur Ross Has 24.4% Equity Stake
CASTLE HORIZON: Court Denies First Citizens' Bid to Dismiss Case
CC MEDIA: Incurs $62.67 Million Net Loss in Fourth Quarter
CEDAR FAIR: Moody's Assigns 'Ba2' Rating to $1.18 Bil. Loan

CENTRAL PACIFIC FINANCIAL: Posts $251 Million Net Loss in 2010
CHARLES LETT: Impaireds Can Appeal Without Objecting to Plan
CHEMTURA CORP: Judge Approves Mediation Over Pool Filter Claims
CHRISTENSEN REALTY: Files Amended Plan of Reorganization
CJH PETS: Case Summary & 14 Largest Unsecured Creditors

CLAIRE'S STORES: Bank Debt Trades at 2% Off in Secondary Market
CLEAR CHANNEL: Bank Debt Trades at 8% Off in Secondary Market
CLEAR CHANNEL: Intends to Amend Senior Credit Facilities
CLEAR CHANNEL: To Offer $750MM Priority Guarantee Notes Due 2021
CLEAR CHANNEL: Moody's Assigns 'Caa2' Corporate Family Rating

CLEAR CHANNEL OUTDOOR: Incurs $87.52 Million Net Loss in 2010
CLEARWIRE CORP: F. Ianna Won't Seek Re-Election as Board Member
CLEARWIRE CORP: Stockholders Approve Amendments to Equity Plan
CLEARWIRE CORP: To Swap Employee Stock Options With New RSUs
CLOVERLEAF ENTERPRISES: Wins Formal Approval to Sell to Penn

CMB III: Files Proposed Plan of Reorganization
COMPOSITE TECHNOLOGY: Posts $3.2MM Net Loss in December 31 Quarter
CONGRESS SAND: Files Proposed Plan of Reorganization
CRC HEALTH: Moody's Puts 'B1' Rating on Senior Secured Bank Loan
CREDIT-BASED ASSET: Files Liquidating Chapter 11 Plan

CRYOPORT INC: Closes First Round of Private Placement for $4.4MM
CRYSTALLEX INT'L: Mine Contract in Venezuela Terminated
DEEL LLC: Plan Outline Hearing Scheduled for March 21
DELPHI CORP: Investigators Probe GM Funding of New Pensions
DELTA AIR: Pays $313 Million in Profit Sharing to Employees

DENNY HECKER: Sentenced to 10 Years, Fined $31 Million
DENNY'S CORPORATION: Keeley Asset Discloses 9.0% Equity Stake
DIAMOND RANCH: Reports $20,500 Net Income in Dec. 31 Quarter
DIPAK DESAI: Nevada Mutual Renews Motion for Ch. 7 Liquidation
DIPAK DESAI: Terms of Creditors Committee's Proposed Plan

DONALD LINDSEY: Case Summary & 20 Largest Unsecured Creditors
DOWLING COLLEGE: S&P Downgrades Long-Term Debt Rating to 'BB'
DS WATERS: Placed by S&P on Watch Negative due to Refinancing Risk
ENERGY XXI: Fitch Assigns 'B/RR4' Rating to $250 Mil. Notes
ENERGY XXI: Moody's Assigns 'Caa1' Rating to $250 Mil. Notes

ENERGY XXI: S&P Assigns 'B' Senior Rating to $250 Mil. Notes
ESCALON MEDICAL: Posts $1.0 Million Loss in Dec. 31 Quarter
FIRST FOLIAGE: Sells Assets to Costa Farms for $22 Million
FIRSTFED FINANCIAL: Plan Set for March 29 Confirmation
FORD MOTOR: Note Redemption Won't Affect Moody's 'Ba2' Rating

FORUM HEALTH: Debtor & Committee Have Competing Ch. 11 Plans
FREESCALE SEMICONDUCTOR: To Raise Up to $1.15 Billion in IPO
G-I HOLDINGS: Asbestos Property Damage Claim Was Time-Barred
GENERAL MOTORS: Investigators Probe Funding of New Delphi Pensions
GENERAL MOTORS: Treasury Could Exit From New GM Next Year

GREENBRIER COS: Keeley Discloses 8.9% Equity Stake
GREENSHIFT CORP: CEO Hopeful to Make Additional Progress in 2011
GUITAR CENTER: Bank Debt Trades at 2% Off in Secondary Market
GUNNALLEN FINANCIAL: M.D. Fla. Rejects Non-Debtor Releases
HAWKER BEECHCRAFT: Bank Debt Trades at 10% Off in Secondary Market

HARD ROCK HOTEL: NRFC Agrees to Forbear Until Feb. 28
HERCULES OFFSHORE: Debt Trades at 1.5% Off in Secondary Market
HOMER CITY: Fitch Downgrades Ratings on $830 Mil. Bonds to 'BB'
HUNTINGTON INGALLS: Moody's Keeps 'Ba2' Corp. Family Rating
IA GLOBAL: RXR Cross Border Discloses 5.0% Equity Stake

IMAGEWARE SYSTEMS: Bruce Toll Discloses 27.39% Equity Stake
INDEPENDENCE TAX: Dec. 31 Balance Sheet Upside-Down by $5.1-Mil.
INDEPENDENCE TAX II: Dec. 31 Balance Sheet Upside-Down by $44.9MM
INDEPENDENCE TAX III: Dec. 31 Balance Sheet Upside-Down by $27.9MM
INDEPENDENCE TAX IV: Dec. 31 Balance Sheet Upside-Down by $14.1MM

INDYMAC BANCORP: SEC Charges Former Executives With Fraud
INTERDENT INC: S&P Withdraws 'CCC' Corporate Credit Rating
INTERNATIONAL RECTIFIER: Fitch Affirms 'BB' Issuer Default Rating
INTELSAT SA: 2010 Capital Expenditures Total $932 Million
INTERTAPE POLYMER: Rutabaga Capital Discloses 3.86% Equity Stake

IRVING TANNING: Tasman Closes Purchase After Residents' Nod
JAMES HOWARD WINSLOW: Court Denies Bid for Chapter 11 Trustee
JAVO BEVERAGE: Plan Outline Hearing Set for March 16
JETBLUE AIRWAYS: Amends 2009 10-K for Trueblue Adjustments
JETBLUE AIRWAYS: Amends 2010 Q1 Report for TrueBlue Adjustment

JETBLUE AIRWAYS: Amends 2010 Q2 Report for TrueBlue Adjustment
JETBLUE AIRWAYS: Amends 2010 Q3 Report for TrueBlue Adjustment
J.F.S. INTERNATIONAL: Case Summary & Creditors List
K-V PHARMA: Filing of 10-Q for Dec. 31 Quarter Delayed
KNOLOGY INC: Proposed Refinancing Won't Affect Moody's 'B1' Rating

KOALTY TIME: Case Summary & 20 Largest Unsecured Creditors
KOBRA PETROLEUM: Case Summary & 8 Largest Unsecured Creditors
KRATOS DEFENSE: Herley Deal Won't Affect Moody's 'B3' Rating
L. FITZGERALD LESTER: Voluntary Chapter 11 Case Summary
LAS VEGAS SANDS: Moody's Upgrades Corporate Family Rating to 'Ba3'

LDK SOLAR: Offering RMB-Denominated US$-Settled Notes
LE-NATURE'S INC: Former CEO Accused of Selling Ill-Gotten Jewels
LEVEL GLOBAL: Insider Trading Probe Prompts Wind Down
LIBBEY INC: BlackRock Holds 7.47% Equity Stake
LIONCREST TOWERS: Files Plan; Wells Fargo to Be Paid Over 5 Years

LODGENET INTERACTIVE: BlackRock Discloses 6.19% Equity Stake
LONESOME PINE: Seeks Monetary Damages from Beuna Vista et al.
LSM HOTEL: Court Declines to Halt Toreador State Court Litigation
MARGAUX ORO: Asks Court's Nod to Use Wells Fargo's Cash Collateral
MARKWEST ENERGY: Fitch Assigns 'BB' Rating to $300 Mil. Notes

MESA AIR: Court OKs Settlement of GE Electric Aircraft Claims
MESA AIR: Reaches Settlement With Fokker Services
MESA AIR: Resolves Dispute With AAR Corp. on Cure Amounts
MIRANT CORP: Dist. Ct. Says Ga. Law Applies to Commerzbank Suit
MOMENTIVE PERFORMANCE: S&P Assigns 'B' Rating to $1 Bil. Loans

MONEY TREE: Posts $4.1 Million Net Loss in Dec. 25 Quarter
MONEYGRAM INT'L: BlackRock Discloses 5.76% Equity Stake
MORGANS HOTEL: Two Mezzanine Units Reach Forbearance Agreement
MPG TRUST: BlackRock Discloses 6.56% Equity Stake
NAVISTAR INT'L: BlackRock Discloses 7.97% Equity Stake

NORTEL NETWORKS: Ericsson Offers EU Remedies on $65MM Nortel Deal
NPS PHARMACEUTICALS: BlackRock Discloses 7.46% Equity Stake
OCTOBER TRUST: Case Summary & 2 Largest Unsecured Creditors
ONE SMART: Case Summary & 20 Largest Unsecured Creditors
ORGANICA BIOTECH: Three Firms Under Chapter 11

ORLEANS HOMEBUILDERS: Emerges From Ch 11 With $160MM in Financing
OTC HOLDINGS: Oriental Trading Emerges from Chapter 11
PACIFIC CAPITAL: Moody's Upgrades Long-Term Issuer Rating to 'B2'
PASTEURIZED EGGS: Inventor & Asset Buyer Debate Patent Claims
PHYSICIAN ONCOLOGY: Moody's Assigns 'B2' Corporate Family Rating

PLAYBOY ENTERPRISES: Moody's Assigns 'B2' Rating to $195 Mil. Loan
PLY GEM HOLDINGS: Expects $215MM to 222MM in Sales for Q4
POINT BLANK: Automatic Stay Applies to Qui Tam Action
POINT BLANK: Slows Disclosure, Seeks More Exclusivity
PRECISION ENGINEERED: Moody's Puts 'B1' Rating on $190 Mil. Notes

PRIME GROUP: Sells Biz to Five Mile; Inks Debt Refinancing Deal
PRIMUS TELECOMMUNICATIONS: Moody's Raises Corp. Family Rating
PROVIDENT FUNDING: S&P Assigns 'B' Rating to $200 Mil. Notes
QA3 FINANCIAL: Case Summary & 20 Largest Unsecured Creditors
QUEENS BALLPARK: Moody's Affirms 'Ba1' Rating, Gives Neg. Outlook

QUEPASA CORP: Files Copy of Securities Purchase Agreement
QUEPASA CORP: Incurs $6.65 Million Net Loss in Fiscal 2010
QUEPASA CORP: John Abbott Discloses 15.3% Equity Stake
QUEPASA CORP: Michael Matte Discloses 11.3% Equity Stake
RACE POINT: S&P Assigns 'BB' Rating to $275 Mil. Senior Loan

RADIO ONE: Moody's Corrects Press Release on Credit Loan Ratings
RANCHER ENERGY: Form 10-Q Filing for Dec. 31 Quarter Delayed
RCLC INC: Hearing on Plan Outline Set for March 10
REGAL ENTERTAINMENT: Fitch Puts 'B-/RR6' Rating on $100 Mil. Notes
REGAL ENTERTAINMENT: Moody's Puts 'B3' Rating on $100 Mil. Notes

REGAL ENTERTAINMENT: S&P Assigns 'BB-' Rating to New Loan
RLAND PROPERTIES: Sent 15 Shopping Centers to Chapter 11
RUGGED BEAR: Hires K&L Gates as Counsel Despite Conflict
RUGGED BEAR: Hires Gordon Brothers for Store Closures
SABERTOOTH LLC: Bankr. Ct. Can't Review Confessed Judgment

SANFORD ASSOCIATES: Case Summary & 5 Largest Unsecured Creditors
SEAHAWK DRILLING: Asks for Court's Nod to Obtain DIP Financing
SEAHAWK DRILLING: Taps Fulbright & Jaworski as Gen. Bankr. Counsel
SEAHAWK DRILLING: Wants to Sell Substantially All of Assets
SECUREALERT INC: Inks GPS Monitoring Contract in Mexico

SHALAN ENTERPRISES: Can Sell Las Vegas Property for $290,000
SMITHFIELD FOODS: Moody's Upgrades Corporate Family Rating to 'B1'
SOLAR ENERTECH: Reports $5 Million Net Income in Dec. 31 Quarter
SOUTH EDGE: Appeals Chapter 11 Ruling and Trustee Appointment
SPICEWOOD DEVELOPMENT: Essentially No Equity Left in Ch. 11 Estate

SPITZER INDUSTRIES: Moody's Assigns 'B2' Corporate Family Rating
SPITZER INDUSTRIES: S&P Assigns 'B' Corporate Credit Rating
SUNCAL COS: Seeks to Halt Exit Plans for Projects Backed by Lehman
SYNTERRA 3020: Can Use Inland Mortgage's Cash Until February 28
TANGLEWOOD FARMS: Court Denies Bid for Chapter 11 Trustee

TAYLOR BEAN: Troutman Seeks to Nix Ex-Chairman's Info Demand
TAYLOR BEAN: Again Selling Georgia Office Building
TBS INTERNATIONAL: Joseph Royce Discloses 36.7% Equity Stake
TC GLOBAL: December 26 Balance Sheet Upside-Down by $6.8 Million
TEAM FINANCE: Moody's Upgrades Corporate Family Rating to 'Ba3'

TOUSA INC: District Judge Voids Fraudulent Transfer Judgement
TRIBUNE CO: Bank Debt Trades at 26% Off in Secondary Market
TRIBUNE CO: Court Junks Aurelius, et al., Pleas for Documents
TRIBUNE CO: New York Tax Dept. Objects to Competing Plans
TRIBUNE CO: Parties File Plan & LBO-Related Discovery Requests

TRICO MARINE: Receives Court Nod of Noteholders Settlement
TRONOX INC: Emerges From Chapter 11
TWO DETROIT: Case Summary & 20 Largest Unsecured Creditors
ULTIMATE ACQUISITION: Employee Files Class Action Over Firings
ULTIMATE ACQUISITION: Wins Court's OK to Liquidate 46 Stores

UNION CARBIDE: Moody's Raises Rating on 6.79% Bonds From 'Ba2'
WALLACE TERRACE: Voluntary Chapter 11 Case Summary
WASHINGTON MUTUAL: Disclosure Hearing Set for March 21
WASHINGTON MUTUAL: Files Motion to Return Rights Offering Payments
WASHINGTON MUTUAL: Insurer Seeks Quick Win in $4.5M Coverage Row

WATERFORD GAMING: Supplemental Bonds Won't Affect Moody's Rating
WORD WORLD: Voluntary Chapter 11 Case Summary
W.R. GRACE: BNSF Seeks Reconsideration of Deal Objection Denial
W.R. GRACE: Wins Nod to Amend 2010 L/C Facility Agreement
W.R. GRACE: Wins Nod to Extend Credit Agreement With ART

YRC WORLDWIDE: Fitch Affirms 'CC' Issuer Default Rating

* Great American Group Introduces Quarterly Auctions

* Large Companies With Insolvent Balance Sheets

No comments:

Post a Comment