BKWeek_2012_01_30

BANKRUPTCY WEEK Vol. 12, No. 5 A COMPANION RESOURCE TO WWW.BANKRUPTCYDATA.COM January 30, 2012

For more information, consult www.BankruptcyData.com Page 1 Copyright © 2012 New Generation Research 225 Friend Street, Suite 801 Boston, MA 02114

INSIDE THIS ISSUE THE ALMANAC: 2011 LEAGUE TABLES

- P. 5

FirstFed Financial Plan Filed - P. 14

Nebraska Book Company Extenson Sought

- P. 14 NewPage LTIP Approval Sought

- P. 14

Washington Mutual Stipulations Approved

- P. 16

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BANKRUPTCIES Ener1 Chapter 11 Petition, Plan Filed

Ener1 filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, case number 12-10299. The Company, which is a holding company for entities engaged in the research, development and production of rechargeable batteries and bat-tery packs, is represented by Michael J. Venditto of Reed Smith. Con-current with its petition, the Company also filed with the Court a Joint Prepackaged Plan of Reorganization and related Disclosure Statement. The Company explains that its plan has been unanimously accepted by all impaired creditors. See Feature on P. 3 for more information on Ener1, Inc. Evergreen Energy Chapter 7 Petition Filed

Evergreen Energy and 9 affiliated Debtors filed for Chapter 7 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 12-10289. The Company, which is engaged in the pro-duction of clean energy, is represented by Mark D. Collins of Richards, Layton & Finger. According to documents filed with the SEC, the Company’s financial condition continued to deteriorate during 2010: “We are continuing to evaluate restructuring and capital raising alterna-tives. Without an additional influx of capital, we will not be able to pursue our business plan and may not be able to remain a going con-cern.”

Waste2Energy Holdings Additional Chapter 11 Petitions Filed

Three additional Debtors filed for Chapter 11 protection and filed motions seeking to consolidate under the November 2011 bank-ruptcy proceeding of parent company: Waste2Energy Holdings. Accor-ding to documents filed with the Court, “The filing of the Subsidiary Debtors’ chapter 11 petitions was necessitated to maximize the return of value for the Parent Debtor and the Subsidiary Debtors’ creditor-bodies and estates and to prevent the piecemeal dismantling of the technology processes which underlie the intrinsic value of the Parent Debtor and the Subsidiary Debtors.”

………………… CONFIRMATIONS & EMERGENCES Lee Enterprises Plan Confirmed

The U.S. Bankruptcy Court approved Lee Enterprises’ Disclo-sure Statement and concurrently confirmed the Debtors’ Second Amended Chapter 11 Plan of Reorganization. Mary Junck, chairman and C.E.O, comments, “Stockholders retain their interest in the com-pany with only modest dilution. The refinancing, along with our ongoing strong cash flow, will keep Lee on solid financial footing as we continue reshaping our company and building on our unique strengths.” The Company filed for Chapter 11 protection on December 12, 2011, listing $1.16 billion in pre-petition assets.

(Confirmations & Emergences continued on P. 10)

CONTENTS Financial Reports 2 Case Status 6 Retentions 8

Financing 10

Claims Transfers 11

From the Docket 12

Public Filings 18

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CALENDAR January 30, 2012 Ahern Rentals, Inc. Chapter 11: December 22, 2011

The U.S. Trustee assig-ned to the Ahern Rentals case scheduled a January 30, 2012 341-Meeting of Creditors. Real Mex Restaurants, Inc. Chapter 11: October 4, 2011

The U.S. Bankruptcy Court scheduled a January 30, 2012 sale hearing in the Real Mex Restaurants case. January 31, 2012 MF Global Holdings Ltd. Chapter 11: October 31, 2011

The U.S. Bankruptcy Court scheduled a January 31, 2012 customer claims’ deadline in the MF Global Holdings case. February 1, 2012 Washington Mutual, Inc. Chapter 11: September 26, 2008

The U.S. Bankruptcy Court scheduled a February 1, 2012 hearing to consider Wash-ington Mutual’s official creditors’ committee’s motion to alter or amend the Court’s opinion and or-der regarding subordination of the claim of Tranquility Master Fund. (Calendar continued on P. 20)

FINANCIAL REPORTS General Maritime M.O.R. Filed

General Maritime filed with the U.S. Bankruptcy Court a monthly operating report for November 17, 2011 through November 30, 2011. For the period the Company reported a net loss of $19 million on $5.9 million in revenue. Great Atlantic & Pacific Tea Company M.O.R. Filed

Great Atlantic & Pacific Tea Company filed with the U.S. Bankruptcy Court a monthly operating report for November 6, 2011 to December 3, 2011. For the period, the Company reported a net loss of $62 million. Imperial Capital Bancorp M.O.R. Filed

Imperial Capital Bancorp filed with the U.S. Bankruptcy Court a monthly operating report for December 2011. For the period, the Company reported a net loss of $392,757 on zero revenue. Lee Enterprises M.O.R. Filed

Lee Enterprises filed with the U.S. Bankruptcy Court a monthly operating report for December 2011. For the period, the Company reported net income of $3.1 million on $61 million in revenue. PFF Bancorp M.O.R. Filed

PFF Bancorp filed with the U.S. Bankruptcy Court a monthly operating report for December 2011. For the period, the Company reported a net loss of $118,688 on zero revenue. PMI Group M.O.R. Filed

PMI Group filed with the U.S. Bankruptcy Court a monthly operating report for December 2011. For the period, the Company reported a net loss of $4.5 million on zero revenue. TerreStar Corporation M.O.R. Filed

TerreStar Corporation filed with the U.S. Bankruptcy Court a monthly operating report for December 2011. For the period, the Company reported a net loss of $1.2 million on $2 million in revenue.

(Financial Reports continued on P. 17)

DOCUMENTS POSTED

The following documents were posted on BankruptcyData.com since publication of the last issue: Eastman Kodak Company Official Committee of Unsecured Creditors Ener1, Inc. Chapter 11 Petition/Largest Creditors Evergreen Energy Inc. Chapter 7 Petition FirstFed Financial Corp. Holdco Advisors’ Chapter 11 Plan of Reorganization & related DS

and Prepackaged Plan of Reorganization & related DS

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FEATURE:

Address: Suite 25C 1540 Broadway New York, NY 10036 212 920-3500 Bankruptcy Case Summary Bankruptcy Date: 1/26/2012 Case Number: 12-10299 Action Type: 11 District: Southern District of New York Filing City: Manhattan, NY Judge: Martin Glenn Counsel for Debtor Reed Smith LLP Michael J. Venditto 599 Lexington Avenue New York, NY 10022 212 205-6081 Corporate History & Current Operations

Holding company Ener1, Inc. was formed in 1985 and known as Boca Research Corp. until 2002. The Company is engaged in the pursuit of multiple alternative energy applications and storage solutions through its foreign and domestic subsidiaries and a joint venture.

The Debtor’s subsidiaries—which did not file for Chapter 11 protection—design, develop and manufacture high-performance, prismatic, re-chargeable lithium-ion batteries and battery pack systems for utility grid, transportation and industrial applications. Although none of Ener1’s subsidiaries are expected to be Debtors in the bankruptcy proceeding, the Company believes that these subsidiaries will benefit from the infusion of up to $81 million in new capital, which will be effected through consummation of the Company’s Prepackaged Plan of Reorgan-ization. Ener1 advises, “If the Plan is confirmed, it is not contemplated that there will be a need for any of these subsidiaries to commence a bankruptcy case.”

Wholly-owned subsidiary EnerDel is one of

the only U.S. manufacturers producing large-

scale, lithium-ion automotive battery systems. Ener1 also conducts research and development activities on fuel cells and nano coating processes through other subsidiaries: NanoEner, Inc. is building prototype equipment that utilizes a proprietary vapor deposition and solidification process for depositing materials onto battery electrodes as part of the battery cell manufac-turing process. EnerFuel, Inc. is working on developing a hydrogen fuel cell range extender for PEVs and has created a high temperature fuel cell stack. Through subsidiaries TVG Saehan Holdings and TVG SEI Holdings, Ener1 owns 94% of Ener1 Korea, Inc., a South Korean based manufacturer of flat or prismatic batteries used in EnerDel’s battery packs. Restructuring Initiatives

In documenting the causes of its financial difficulties, Ener1 explains that the market for advanced rechargeable batteries is at a relatively early stage of development and that competition in this niche industry is “intense.” Ener1 writes, “This competition ranges from development stage companies to major Fortune 500 domestic and international companies, many of which have significant financial, technical, marketing, sales, manufacturing, distribution, and other resources.”

Ener1’s business plan has historically been premised on consumers adopting the use of electric vehicles—and a subsequent uptick in the demand for lithium-ion batteries. The Company explains that its anticipated rise in the popularity of electric vehicles did not materialize, “which in turn harmed the Debtor’s business, operating results, financial condition and prospects.”

Ener1 also points to “volatility in the debt and equity markets”—adversely impacting the Company’s ability to secure much-needed finan-cing. The Company states that its prospects were further eroded as a result of the insolvency of Norway-based Think Holdings AS, and the resulting failure of EnerDel operating subsidiary: Think Global. Think Global, an electric car company located in Oslo, Norway manufactured cars under the TH!NK brand; however, Think Global stopped producing vehicles in March 2011. Think Holdings filed for bankruptcy protection in Norway three months later.

(Feature continued on P. 4)

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FEATURE CONTINUED

Ener1 explains that Think Global was a major customer of its operating subsidiaries. In addition to the obvious loss of business caused by this bankruptcy, the filing also resulted in the write-off of the Ener1’s investment in Think Holdings. As a result of the Think Holdings failure, Ener1 announced in August 2011 the need to restate its financial statements for the period included in an amended annual report on Form 10-K/A for the year ended December 31, 2010, as well as an amended Form 10-Q/A for the quarter ended March 31, 2011—to reflect the impairments of its investment in Think Holdings.

Just one month later, Ener1 announced key leadership changes: board member Thomas J. Snyder replaced Charles Gassenheimer as chair-man by assuming the role of non-executive chairman. Chris Cowger, who had been serving as president of Ener1, took over as chief exec-utive officer from Gassenheimer, who announced he would be leaving the Company. In addition, Ener1’s board of directors was expan-ded from nine to 10 board seats, with Cowger to fill the new board seat.

In October 2011, Ener1 was notified by NASDAQ that the Company did not comply with its filing requirements for continued listing as a result of its failure to file a quarterly report for the period ended June 30, 2011 on a timely basis—as well as its failure to submit a plan to NASDAQ to regain compliance. NASDAQ suspended trading of Ener1’s common stock and, in December 2011, removed the securities from listing.

According to Ener1, the Company experi-enced a significant liquidity crunch in Fall 2011. This situation left it unable to service existing debt obligations and properly fund the operations of its subsidiaries. Capital markets and traditional lending sources were not available due to the Company’s lack of current financial statements. Ener1 states that it pursued strategic alternatives, including the possibility of selling assets and attracting capital from strategic investors, but ultimately determined that a restructuring was inevitable.

As a result, Ener1 initiated a restructuring process that focused on cost reduction, manage-

ment changes, development of a long-range business plan and the engagement of turnaround professionals. As part of this restructuring pro-cess, Ener1 initiated negotiations with the holders of the Senior Notes, Bzinfin and ITOCHU regarding restructuring its debt oblig-ations and obtaining additional financing.

In November 2011, Ener1 announced another executive change: Alex Sorokin joined the Company as interim chief executive officer to lead the Company’s “continuing efforts to im-prove its performance and shift its business toward heavy-duty transportation and electric grid energy storage applications.” Nicholas Brunero, who had served as Ener1’s general counsel since 2008, accepted the additional role of interim president; and Dale E. Parker, joined Ener1 as interim chief financial officer.

Both Cowger, who most recently served as chief executive officer; and Jeffrey Seidel who served as chief financial officer, resigned from Ener1. Snyder commented, “Alex and Dale bring a strong combination of operational and financial expertise with companies that are undergoing change. Together with Nick Brunero, who has been a part of nearly every facet of our business over the last three-and-a-half years, they will sharpen our focus on how we leverage Ener1’s energy storage expertise, while implementing a sustainable structure to support our go-forward business strategy.” Ener1’s release explains that Sorokin was selected for the role because of his “nearly thirty years of experience successfully leading companies through periods of transition and transformation.”

After several months of discussions and neg-otiations, the Company and its plan support parties entered into a Plan Support Agreement on January 26, 2012. The Plan Support Agreement provides that Bzinfin provide a D.I.P. facility for general working capital and operational expen-ses. According to the Company, its Pre-packaged Plan—which was filed concurrently with its Chapter 11 petition, is the product of substantial negotiations between the Company and its long-term debt holders.

(Feature continued on P. 16)

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THE ALMANAC: 2011 LEAGUE TABLES

Listed below are league tables for publicly-traded company bankruptcies with over $100 million or more in pre-petition assets that filed for Chapter 11 in 2011 with two or more retentions. Please note that the data below is current as of January 27, 2012.

Counsel Retentions # of

Retentions Pachulski Stang Ziehl & Jones LLP 6 Young Conaway Stargatt & Taylor, LLP 5 Greenberg Traurig, LLP 4 Lowenstein Sandler PC 4 Skadden, Arps, Slate, Meagher & Flom LLP 4 Akin Gump Strauss Hauer & Feld LLP 3 Curtis, Mallet-Prevost, Colt & Mosle LLP 2 Dewey & LeBoeuf LLP 2 Gordon Silver 2 Jager Smith P.C. 2 Jones Day 2 Kasowitz, Benson, Torres & Friedman LLP 2 Kirkland & Ellis LLP 2 Kramer Levin Naftalis & Frankel LLP 2 Morris, Nichols, Arsht & Tunnell LLP 2 Morrison & Foerster LLP 2 Paul Hastings LLP 2 Pepper Hamilton LLP 2 Richards, Layton & Finger, P.A. 2 Sidley Austin LLP 2 Troutman Sanders LLP 2

Accountant/Auditor and/or Tax Advisor Retentions # of

Retentions PricewaterhouseCoopers LLP 7 Ernst & Young LLP 5 Deloitte Tax LLP 5 Deloitte & Touche LLP 5 KPMG LLP 4 Grant Thornton LLP 2 BDO USA, LLP 2

Claims Agent Retentions # of

Retentions Garden City Group, Inc. 13 Kurtzman Carson Consultants LLC 11 EPIQ Bankruptcy Solutions, LLC 9

(The Almanac continued on P. 7)

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CASE STATUS

The chart below indicates the status, the filing of a Plan and/or an extension or termination of each Debtor’s exclusivity or, alternatively, the filing of a new publicly-traded bankruptcy, of all currently active public U.S. Bankruptcy Court proceedings listing total pre-petition assets of $100 million or more.

Company Bankruptcy

Date Case Status 155 East Tropicana, LLC 08/01/11 Plan Filed 3dfx Interactive, Inc. 10/15/02 Plan Filed Ahern Rentals, Inc. 12/22/11 Within 120 Days of Filing Ambac Financial Group, Inc. 11/08/10 DS Approved / Am. Plan Filed / Excl. Ext. AmericanWest Bancorporation 10/28/10 DS Approved / Plan Filed Ames Department Stores, Inc. (2001) 08/20/01 Plan Filed / Exclusivity Extension AMR Corporation 11/29/11 Within 120 Days of Filing Arlington Hospitality, Inc. 08/31/05 Plan Filed Ascendia Brands, Inc. 08/05/08 Unknown Exclusivity BankUnited Financial Corporation 05/21/09 DS Approved / Amended Plan Filed Blockbuster Inc. 09/23/10 Exclusivity Extension Buffets Restaurants Holdings, Inc. (2012) 01/18/12 Prepackaged Plan Filed CDC Corporation 10/04/11 Within 120 Days of Filing Delta Petroleum Corporation 12/15/11 Within 120 Days of Filing Dynegy Holdings, LLC 11/07/11 Amended Plan Filed Eastman Kodak Company 01/19/12 Within 120 Days of Filing Ener1, Inc. 01/26/12 New Filing! Prepackaged Plan Filed Evergreen Solar, Inc. 08/15/11 Exclusivity Extension Filene's Basement, LLC (Syms Corp.) (2011) 11/02/11 Within 120 Days of Filing FirstFed Financial Corp. 01/06/10 Competing Plan Filed General Maritime Corporation 11/17/11 Within 120 Days of Filing Great Atlantic & Pacific Tea Company, Inc. 12/12/10 DS Approved / Rev. Plan Filed / Excl. Ext. Harrington West Financial Group, Inc. 09/10/10 DS Approved / Plan Supp. Filed Hartmarx Corporation 01/23/09 Exclusivity Expired Imperial Capital Bancorp, Inc. 12/18/09 Amended Plan & DS Filed Indianapolis Downs, LLC 04/07/11 Exclusivity Extension Lee Enterprises, Incorporated 12/12/11 Confirmed -- Awaiting Emergence Lehman Brothers Holdings Inc. 09/15/08 Confirmed -- Awaiting Emergence Majestic Capital, Ltd. 04/29/11 Plan Filed MF Global Holdings Ltd. 10/31/11 Within 120 Days of Filing Nebraska Book Company, Inc. 06/27/11 DS Appr. / Am. Plan Filed / Excl. Ext. Req. NewPage Corporation 09/07/11 Exclusivity Extension Nortel Networks, Inc. 01/14/09 DS Filed Omega Navigation Enterprises, Inc. 07/08/11 Exclusivity Extension PFF Bancorp, Inc. 12/05/08 Unknown Exclusivity PMI Group, Inc., The 11/23/11 Within 120 Days of Filing Point Blank Solutions, Inc. 04/14/10 Amended Plan Filed / Exclusivity Extension Radnor Holdings Corporation 08/21/06 DS Approved / Plan Supplement Filed Real Mex Restaurants, Inc. 10/04/11 Exclusivity Extension Sharper Image Corporation 02/19/08 Exclusivity Expired ShengdaTech, Inc. 08/19/11 Exclusivity Extension Southeast Banking Corp. 09/20/91 Confirmed -- Awaiting Emergence

(Case Status continued on P. 7)

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CASE STATUS CONTINUED

Company Bankruptcy

Date Case Status Team Financial, Inc. 04/05/09 No Exclusivity Filed TerreStar Corporation (2011) 02/16/11 DS Approved / Am. Plan Filed / Excl. Ext. TerreStar Networks Inc. (2010) 10/19/10 DS Approved / Rev. Plan Filed / Excl. Ext. Thornburg Mortgage, Inc. 05/01/09 Exclusivity Expired TOUSA, Inc. 01/29/08 Plan Filed Trailer Bridge, Inc. 11/16/11 Plan Filed Tribune Company 12/08/08 DS Approved / Amended Plan Filed Trident Microsystems, Inc. 01/04/12 Within 120 Days of Filing Tweeter Home Entertainment Group, Inc. 06/11/07 Unknown Exclusivity Velocity Express Corporation 09/24/09 No Exclusivity Filed W.R. Grace & Co. 04/02/01 Confirmed -- Awaiting Emergence Washington Mutual, Inc. 09/26/08 DS App. / Am. Plan Filed / Plan Supp. Filed Westpoint Stevens, Inc. (2003) 06/01/03 Plan Filed William Lyon Homes 12/19/11 Prepackaged Plan Filed WorldSpace, Inc. 10/17/08 Exclusivity Expired

THE ALMANAC: 2011 LEAGUE TABLES CONTINUED

Financial Advisor Retentions # of

Retentions Alvarez & Marsal, LLC 8 FTI Consulting, Inc 7 Blackstone Group, The 4 Deloitte Financial Advisory Services LLP 3 AlixPartners LLP 2 BDO USA, LLP 2 Duff & Phelps, LLC 2 Mesirow Financial Consulting, LLC 2 Zolfo Cooper 2

Investment Banker Retentions

# of Retentions

Rothschild, Inc. 5 Moelis & Company 4 Lazard Freres & Co., LLC 3 Jefferies & Co. 2 Perella Weinberg Partners LP 2

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RECENT PROFESSIONAL RETENTIONS

Bankruptcy Week’s retention data sponsored by…

Ahern Rentals, Inc. Chapter 11: December 22, 2011 (1/26/2012)

Ahern Rentals’ official committee of unsecured creditors filed with the U.S. Bank-ruptcy Court motions to retain FTI Consul-ting (Contact: Matthew Pakkala) as financial advisor at the following hourly rates: administrative/ paraprofessional at $115 to 230, consultant/seni-or consultant at 280 to 530, director/managing director at 560 to 745 and senior managing direc-tor at 780 to 895 and Covington & Burling (Contact: Michael St. Patrick Baxter) as counsel at the following hourly rates: paralegal at $200 to 360, associate at 330 to 445, special counsel at 730 and of counsel at 855. Buffets Restaurants Holdings, Inc. Chapter 11: January 18, 2012 (1/27/2012)

Buffets Restaurants Holdings filed with the U.S. Bankruptcy Court motions to retain Paul, Weiss, Rifkind, Wharton & Garrison (Contact: Jeffrey Safterstein) as attorney at the following hourly rates: partner at $830 to 1,120, counsel at 760 to 795, associate at 375 to 760 and legal assistant at 85 to 250; Young Cona-way Stargatt & Taylor (Contact: Pauline K. Morgan) as attorney at hourly rates ranging from $230 to 700; Moelis & Company (Contact: Robert J. Flachs) as financial advisor and capital markets advisor for a monthly fee of $150,000 and a $3 million restructuring fee; Huntley, Mullaney, Spargo & Sullivan (Contact: William Sullivan) as special real estate consul-tant for a monthly fee of $10,000 and PricewaterhouseCoopers (Contact: Chad Berge) as tax consultant at the following hourly rates: partner at $735, director at 595, manager at 495, senior associate at 395 and associate at 285.

CDC Corporation Chapter 11: October 4, 2011 (1/27/2012)

The U.S. Bankruptcy Court approved CDC’s official committee of equity security hol-ders’ motion to retain Morgan Joseph Tri-Artisan as financial advisor.

Delta Petroleum Corporation Chapter 11: December 15, 2011 (1/24/2012)

Delta Petroleum filed with the U.S. Bankruptcy Court a motion to retain Hyperams (Contact: Thomas E. Pabst) as auctioneer for a commission of 10% of gross sales proceeds, a sale expense allowances for reimbursement of direct sale related expenses associated with Tranche One of $17,000 and a buyer’s premium not to exceed 15% and KPMG (Contact: Robert C. Dennis) as service provider for audit, tax compliance and tax consulting matters at the following hourly rates: partner at $375 to 500, senior manager at 325 to 350, manager at 275 to 300, senior associate at 200 to 225 and associate at 100 to 150. Dynegy Holdings, LLC Chapter 11: November 7, 2011 (1/23/2012)

The examiner appointed to the Dynegy Holdings case filed with the U.S. Bankruptcy Court motions to retain Quinn Emanuel Ur-quhart & Sullivan (Contact: Susheel Kirpalani) as counsel for a discount of 10% on the rates of professionals and paraprofessionals who incur time on the engagement and Zolfo Cooper (Contact: Scott W. Winn) as financial advisor at the following hourly rates: managing director at $775 to 825, professional staff at 230 to 695 and support personnel at 55 to 295.

(Retentions continued on P. 9)

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RECENT PROFESSIONAL RETENTIONS CONTINUED Ener1, Inc. Chapter 11: January 26, 2012 (1/26/2012)

Ener1filed with the U.S. Bankruptcy Court motions to retain Reed Smith (Contact: Edward J. Estrada) as counsel at hourly rates ranging from $180 to 715; Houlihan Lokey Capital (Contact: Saul E. Burian) as financial advisor and investment banker for a monthly fee of $150,000 and a restructuring fee of $1 million and Garden City Group (Contact: Emily Gottlieb) as notice agent.

Filene's Basement, LLC (Syms Corp.) Chapter 11: November 2, 2011 (1/24/2012)

The U.S. Bankruptcy Court approved Filene’s Basement’s motions to retain Skadden Arps, Slate, Meagher & Flom as bankruptcy counsel; Young Conaway Stargatt & Taylor as conflicts counsel and Alvarez & Marsal North America to provide each of the Debtors with a president and chief operating officer, a chief financial officer and certain additional personnel and designating Jeff Feinberg as each of the Debtors’ president and chief operating officer and Gary Binkoski as each of the Debtors’ chief financial officer.

MF Global Holdings Ltd. Chapter 11: October 31, 2011 (1/23/2012)

MF Global Holdings and the Chapter 11 trustee assigned to the case filed with the U.S. Bankruptcy Court motions to retain Kasowitz, Benson, Torres & Friedman (Contact: David S. Rosner) as conflict counsel and special investi-gative counsel at hourly rates ranging from $135 to 1,100; Skadden, Arps, Slate, Meagher & Flom (Contact: J. Gregory Milmoe) as bankruptcy counsel at hourly rates ranging from $195 to 1,095 and FTI Consulting (Contact: Michael Eisenband) as financial advisor for a monthly fixed fee of $1.5 million for November and December 2011, $1millon for January and February 2012, $750,000 for March and April 2012 and $500,000 thereafter. The trustee filed motions to retain Pepper Hamilton (Contact: David B. Stratton) as special counsel at hourly rates ranging from $215 to 850, Freeh Sporkin & Sullivan (Contact: Louis J. Freeh) as investi-gative counsel at hourly rates ranging from $275 to 750; Freeh Group International Solutions

(Contact: Louis J. Freeh) as advisor at hourly rates ranging from $250 to 600 and Morrison & Foerster (Contact: Brett H. Miller) as bank-ruptcy counsel at hourly rates ranging from $380 to 975. PMI Group, Inc., The Chapter 11: November 23, 2011 (1/20/2012)

PMI Group’s official committee of unsecured creditors filed with the U.S. Bank-ruptcy Court motions to retain Morrison & Foerster (Contact: Anthony Princi) as counsel at the following hourly rates: partner at $695 to 1,125, of counsel at 550 to 950, associate at 320 to 685 and paraprofessional at 185 to 360 and Womble Carlyle Sandridge & Rice (Contact: Francis Monaco Jr.) as co-counsel at the fol-lowing hourly rates: attorney at $210 to 700 and paraprofessional at 110 to 225. Point Blank Solutions, Inc. Chapter 11: April 14, 2010 (1/24/2012)

Point Blank Solutions filed with the U.S. Bankruptcy Court a supplemental motion to retain Venable (Contact: Nancy R. Grunberg) as special government contracting, litigation and government investigation counsel to clarify and expand the scope of work. Venable will be employed at the following hourly rates: partner and counsel at $420 to 685, associate at 280 to 475, paraprofessionals and staff at 190 to 295 Real Mex Restaurants, Inc. Chapter 11: October 4, 2011 (1/23/2012)

The U.S. Bankruptcy Court approved Real Mex Restaurants’ official committee of un-secured creditors’ motion to retain Duff & Phelps Securities as financial advisor.

(Retentions continued on P. 10)

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RECENT PROFESSIONAL RETENTIONS CONTINUED Trailer Bridge, Inc. Chapter 11: November 16, 2011 (1/23/2012)

Trailer Bridge’s official committee of unsecured creditors filed with the U.S. Bank-ruptcy Court a motion to retain Glass-Ratner Advisory & Capital Group (Contact: James W. Fox) as financial advisor at hourly rates ranging from $95 to 495.

William Lyon Homes Chapter 11: December 19, 2011 (1/20/2012)

William Lyon Homes filed with the U.S. Bankruptcy Court a motion to retain Jack-son DeMarco Tidus Peckenpaugh (Contact: Ruth Muskovi) as special counsel at the following hourly rates: partner at $400 to 525, associate at 275 to 405 and legal assistant /paralegal at 125 to 190.

RECENT FINANCING TRANSACTIONS

Ener1, Inc. Chapter 11: January 26, 2012 (1/26/2012)

Ener1 filed with the U.S. Bankruptcy Court a motion for approval to obtain $20 million in debtor-in-possession financing from Bzinfin. The funding will be used for general working capital and to fund a loan to wholly owned subsidiary EnerDel, and the loan would bear interest annually at LIBOR plus 7%. Great Atlantic & Pacific Tea Company, Inc. Chapter 11: December 12, 2010 (1/27/2012)

The U.S. Bankruptcy Court approved Great Atlantic & Pacific Tea’s motion to obtain $750 million in exit financing from JPMorgan, JPMorgan Chase Bank and CS Securities.

Tribune Company Chapter 11: December 8, 2008 (1/25/2012)

Tribune Company filed with the U.S. Bankruptcy Court a motion for authorization to amend the letter of credit facility with Barclays, which will extend the termination date to earliest of April 10, 2013 or the effective date of a Chapter 11 plan. The Court scheduled a February 15, 2012 hearing to consider the motion.

DEBTOR-IN-POSSESSION FINANCING DETAILS

Company Loan Amt. Loan Type Interest Rate Banks Ener1, Inc. $20 million D.I.P. Credit Facility LIBOR + 7% Bzinfin S.A.

CONFIRMATIONS & EMERGENCES CONTINUED Green Builders Plan Confirmed

The U.S. Bankruptcy Court confirmed Green Builders’ First Chapter 11 Plan of Reorganization, dated December 8, 2011. This real estate development and home building company filed for Chapter 11 protection on August 12, 2011, listing $31 million in pre-petition assets.

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RECENT CLAIM TRANSFERS The chart below indicates claim transfers for the last week. Only those transfers of more than $1 million include the additional information of purchasing party. Contact BankruptcyData.com for further information regarding the availability of claim number and claim amount details on these larger claim transfers.

Company Transfer

Date Transfer to Transfer from Delta Petroleum Corporation 01/25/12 Liquidity Solutions, Inc.

01/27/12 Liquidity Solutions, Inc. Dynegy Holdings, LLC 01/25/12 Debt Acquisition Company of America V Filene's Basement, LLC 01/20/12 Claims Recovery Group LLC (*)

01/24/12 CRT Capital Group LLC (*) 01/24/12 Sonar Credit Partners II, LLC (*) 01/26/12 TRC Master Fund LLC

Great Atlantic & Pacific Tea Co., Inc. 01/25/12 Full Value Special Situations Fund L.P. Lehman Brothers Holdings Inc. 01/11/12 Banca Popolare Di Spoleto S.p.A.

01/11/12 Illiquidx Ltd. (*) Kutxa 01/17/12 CF Claims (*) 01/23/12 Banca di Credito Cooperativo di Alba Credito Emiliano 01/23/12 Banca Popolare Di Spoleto S.p.A. 01/23/12 Credit Suisse AG (*) 01/24/12 Stichting The Value Foundation (*) 01/25/12 Credit Suisse Securities (USA) LLC HSBC Private Bank 01/25/12 Illiquidx Ltd. Olympic Finance 01/26/12 Bank Coop AG, Basel 01/26/12 Credit Suisse International (*) PBC Financing 01/26/12 Elliott Associates, L.P. Fondazione Enasarco 01/26/12 JPMorgan Chase Bank, N.A. (*) Banque DeGroof 01/26/12 Liquidity Solutions, Inc. (*) 01/26/12 PBC Financing (*) Paulson Credit 01/26/12 The Royal Bank of Scotland 01/26/12 York Global Finance BDH, LLC (*) Goldman Sachs 01/27/12 Candlewood Special Sit. Master Fund (*) 01/27/12 Goldman Sachs Lending Partners LLC (*) 01/27/12 Illiquidx Ltd. ICCREA Banca 01/27/12 JPMorgan Chase Bank, N.A. 01/27/12 MAP 98 Segregated Portfolio (*) Deutsche Bank AG 01/27/12 Oceana Master Fund (*) Deutsche Bank AG 01/27/12 Ore Hill Hub Fund Ltd. The Royal Bank 01/27/12 Pentwater Equity Opp. Master Fund Deutsche Bank AG 01/27/12 PMT Credit Opportunities Fund The Royal Bank 01/27/12 PWCM Master Fund Ltd Deutsche Bank AG 01/27/12 UBS AG, Zurich Branch 01/27/12 Wilshire Institutional Master Fund II (*)

(Claim Transfers continued on P. 12)

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RECENT CLAIM TRANSFERS CONTINUED

Company Transfer

Date Transfer to Transfer from NewPage Corporation 01/23/12 Sierra Liquidity Fund, LLC (*)

01/24/12 Sierra Liquidity Fund, LLC (*) 01/26/12 Fair Harbor Capital, LLC

Nortel Networks, Inc. 01/24/12 Longacre Institutional Opportunity Fund 01/25/12 Liquidity Solutions, Inc. 01/25/12 Marblegate Special Opp. Master Fund

Real Mex Restaurants, Inc. 01/23/12 Sonar Credit Partners II, LLC (*) Tribune Company 01/23/12 Corre Opportunities Fund, L.P.

01/23/12 Longacre Opportunity Fund, L.P. 01/25/12 Sonar Credit Partners II, LLC (*) 01/26/12 Avenue TC Fund 01/26/12 Sonar Credit Partners II, LLC (*)

(*) Indicates multiple claims transferred on the same date

FROM THE DOCKET

155 East Tropicana Sale Procedures Approved

The U.S. Bankruptcy Court approved 155 East Tropicana’s motion for approval of procedures related to the sale of substantially all of the Debtors’ assets and scheduled a February 17, 2012 sale hearing. The deadline for qualifying bids is set for February 10, 2012.

Ahern Rentals Objections Filed

Kubota Tractor filed with the U.S. Bankruptcy Court an objection to Ahern Rentals’ financing motion and financing motion supplement. Kubota also filed with the Court “notice of its unwillingness to finance sales of Kubota Equipment to Debtor under the restrictions of the Financing Motion and the Financing Motion Supplement.” The Company’s official committee of unsecured creditors also objected to the Company’s motion for post-petition financing and a stipulation between the Debtor and its majority term lenders regarding the use of term lenders’ cash collateral. Ahern Rentals Stipulation Filed

Ahern Rentals filed with the U.S. Bankruptcy Court a stipulation related to the Debtor’s use of the first lien lenders’, including the term lenders’ cash collateral and the Debtor’s entry into the post-petition financing, pursuant to the debtor-in-possession loan and security agreement among the Debtor, the lending institutions party thereto, Bank of America as administrative agent for itself and the D.I.P. lenders and as a “Decision Agent” thereunder, Wells Fargo Bank as collateral agent for the D.I.P. lenders and Merrill Lynch, Pierce Fenner & Smith Incorporated as lead arranger. AMR Objection Filed

AMR filed with the U.S. Bankruptcy Court an objection to the motion filed by Mr. Vern Englert, a claim shareholder of AMR, requesting dismissal of the “A.M.R. Bankruptcy petition.” According to AMR, “Mr. Englert has not established cause for dismissal of the chapter 11 cases. Mr. Englert’s dissatisfaction, as claimed, may be understandable, but it is not a basis for dismissal of the chapter 11 cases. The chapter 11 cases were commenced in conformity with applicable law and principles.”

(From the Docket [AMR case update] continued on P. 13)

See Docket Index on final pages for detailed reference information for all cases mentioned in this issue.

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FROM THE DOCKET CONTINUED

AMR Committee Sought AMR Retirees Pension Protection Corp., a non-profit corporation that was formed by non-union retirees of

AMR Corporation that currently receive pensions and retiree benefits, filed with the U.S. Bankruptcy Court a motion for the appointment of an official committee of retired employees in the AMR case. The motion asserts, “Although the Debtor has not yet made any formal application to this Court to terminate or modify retiree benefits in these cases, the Debtors’ filings leave little doubt that such efforts will be undertaken in these cases. Accordingly, it is respectfully submitted that the formation of a Retiree Committee is appropriate now so that Retirees are properly in a position to protect their interests and are not forced to scramble to catch up if the Debtors file a motion to modify or terminate retiree benefits.”

CDC Objection Filed

CDC’s official committee of equity security holders filed with the U.S. Bankruptcy Court an objection to the Debtors’ motion for approval of a retention bonus plan and executive service agreements for certain key employees. According to the objection, “The Committee believes that the proposed trigger for the bonus payments is not appropriate because it provides no incentive to conclude this bankruptcy case according to a process supported by the Committee. While the Evolution claim may have been the initial cause of the Debtor’s bankruptcy case, it has become apparent in the course of this case that there is in all probability substantial equity in the Debtor. Accordingly, from the perspective of the Committee, simply satisfying Evolution by a certain date should not be the primary goal of the Debtor or the Key Employees.”

Delta Petroleum Sale Approval Sought

Delta Petroleum filed with the U.S. Bankruptcy Court a motion to approve sale procedures to be utilized in connection with the sale of certain de minimis assets. The Court scheduled a February 14, 2012 hearing on the matter. Delta Petroleum Committee Statement Docketed

The U.S. Trustee assigned to the Delta Petroleum case filed with the U.S. Bankruptcy Court a statement that an unsecured creditors’ committee has not been appointed due to a lack of response for service on the committee.

Eastman Kodak Committee Appointed

The U.S. Trustee assigned to the Eastman Kodak case appointed an official committee of unsecured creditors.

Filene’s Basement Hearing Continuance Sought

Syms’ official committee of equity security holders filed with the U.S. Bankruptcy Court a motion for an order continuing the hearing and related deadlines with respect to the Debtors’ motion for appointment of an examiner to investigate possible estate causes of action. According to the objection, “The Equity Committee opposes the motion because despite whatever benefit it may be intended to provide, the Equity Committee believes that the Debtors’ proposed self-examination will waste limited estate resources and delay and distract parties from negotiating and soliciting one or more chapter 11 plans and a swift emergence from bankruptcy.” Filene’s Basement Objection Filed

Syms filed with the U.S. Bankruptcy Court an objection to the official committee of equity security holder’s motion for an order continuing the hearing and related deadlines with respect to the motion for appointment of an examiner to investigate possible estate causes of action. Syms asserts, “The Motion to Continue is a tactic to (i) block timely adjudication of the Examiner Motion, (ii) avoid independent examination of allegations against management made by the Equity Committee and its members, (iii) prevent a prompt and cost-effective investigation and (iv) block any plan-based resolution of the issues raised by Equity Committee allegations.”

(From the Docket continued on P. 14)

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FROM THE DOCKET CONTINUED FirstFed Financial Plan Filed

FirstFed Financial creditor Holdco Advisors filed with the U.S. Bankruptcy Court a Chapter 11 Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “The Plan provides for the reorganization of the Debtor and for Holders of certain Allowed Claims to receive equity in the Reorganized Debtor, with the option for each Holder of General Unsecured Claims to receive instead a “cash out” right of payment and/or a security that results in cash from certain of the Debtor’s assets, including Cash held by the Debtor as of the Effective Date. In order to effectuate the Distributions, the Plan provides that all of the assets of the Debtor’s Estate (including Causes of Action not expressly released under the Plan) shall vest in the Reorganized Debtor and then, where applicable, be distributed pursuant to the Plan.” The Court scheduled a March 14, 2012 hearing to consider the Disclosure Statement. Great Atlantic & Pacific Tea Company Exhibits Filed

Great Atlantic & Pacific Tea Company filed with the U.S. Bankruptcy Court the following Exhibits for the Plan Supplement for the Debtors’ Joint Plan of Reorganization: Executory Contract and Unexpired Lease Assumption. Great Atlantic & Pacific Tea Company Objections Filed

Numerous parties filed with the U.S. Bankruptcy Court objections to Great Atlantic & Pacific Tea Company’s Joint Plan of Reorganization, including Food Employers Labor Relations Association and United Food and Commercial Workers Pension Fund, UFCW Local 1776 and Participating Employers Health and Welfare Fund and the United Food and Commercial Workers Union and Participating Employers Tri-State Health and Welfare Fund and UFCW Local 1262 and Employers Pension Fund. Great Atlantic & Pacific Company Extension Approved

The U.S. Bankruptcy Court approved Great Atlantic & Pacific Tea Company’s motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including June 12, 2012 and August 12, 2012, respectively. Great Atlantic & Pacific Tea Company Sale Approved

The U.S. Bankruptcy Court approved Great Atlantic & Pacific Tea Company’s motion for an order authorizing the Debtors to apply the Court-approved going-out-of-business procedures to conduct sales. Great Atlantic & Pacific Tea Company Agreement Approved

The U.S. Bankruptcy Court approved Great Atlantic & Pacific Tea Company’s motion for authority to enter into modifications to a collective bargaining agreement with 1199SEIU United Healthcare Workers East. Nebraska Book Company Extension Sought

Nebraska Book Company filed with the U.S. Bankruptcy Court a motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including April 23, 2012 and June 21, 2012, respectively. The Court scheduled a February 22, 2012 hearing on the matter. NewPage LTIP Approval Sought

NewPage filed with the U.S. Bankruptcy Court a motion for an order approving a long-term incentive plan (LTIP), the second of two performance incentive plans comprising the Debtors’ executive incentive program for certain insider participants. The LTIP provides for performance-based incentive payments to 15 executives based upon their achievements, as measured by four objective goals, and provides for a targeted aggregate payout of approximately $8.6 million based on achievement of the goals. The Court scheduled a February 7, 2012 hearing to consider the motion.

(From the Docket continued on P. 15)

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FROM THE DOCKET CONTINUED PMI Group Objection Filed

The U.S. Trustee assigned to the PMI Group case filed with the U.S. Bankruptcy Court an objection to the Debtors’ motion for approval of (i) assumption of employment contracts, (ii) approval of incentive payments for the employees and (iii) approval of severance payments. According to the Trustee, “The Motion is a motion to assume an executory contract entered into prior to the filing of the Petition. A motion to assume is not governed by Section 363. A motion to assume is governed by Section 365 of the Bankruptcy Code. The assumption of an executory contract may not be used to circumvent other provisions of the Bankruptcy Code. This motion attempts to circumvent the provisions of Section 503(c) in this manner. Second, the proposed Incentive Payments are tied solely to the occurrence of events and are of the sort typically rejected by the Courts. Third, the proposed Severance Payments do not comply with the formula contained in Section 503(c)(2) and must be rejected.” The Court scheduled a February 7, 2012 hearing on the matter. Trailer Bridge Objections Filed

Trailer Bridge’s official committee of unsecured creditors filed with the U.S. Bankruptcy Court an objection to the Debtors’ motion to schedule a combined hearing to consider the Disclosure Statement and Chapter 11 Plan. The Committee asserts, “The Debtor’s request for a combined hearing on the Disclosure Statement and Plan, along with the other relief requested in the Solicitation Motion, is an effort to avoid judicial scrutiny of the incomplete and misleading information contained in the Disclosure Statement to allow the Debtor to obtain acceptance of a non-confirmable Chapter 11 plan.” The committee also filed an objection to the Debtors’ motion for approval of a performance-based key employee incentive plan. The Committee objects to the bonuses under the KEIP proposed to be paid to the Co-CEOs of the Debtor. “The Committee submits that the proposed bonuses are not warranted under the facts of this Case, where general unsecured creditors are not being paid in full. Additionally, there can be no dispute that the Co-CEOs are insiders of the Debtor as defined in Section 101(31)(B) of the Bankruptcy Code. Given its short duration but significant distributions to the Co-CEOs, the KEIP is more in the form of a retention plan than an incentive plan.” Trident Microsystems Objection Filed

Trident Microsystems’ official committee of unsecured creditors filed with the U.S. Bankruptcy Court an objection to the Debtors’ motion for approval of performance-based incentives for key employees (KEIP). According to the committee, the objection to the KEIP was filed “because it is actually a pay-to-stay retention plan prohibited by section 503(c)(3) of the Bankruptcy Code, it does not contain objective milestones, and it would cost the estate up to $4 million with no demonstrated benefit.” The committee also filed an objection to the Debtors’ motion for an order approving procedures in connection with the sale of certain of the Debtors’ assets related to their set top box business. The committee asserts, “The Committee has no issue with the notion that the Debtors should sell their settop-box business (the ‘STB Business’) in exchange for the highest and best bid. However, the Committee cannot support an expedited sale of the STB Business pursuant to the Interim Bidding Procedures in their current form. Inasmuch as there is no secured creditor in these cases, the unsecured creditors - the parties that stand to lose the most from a flawed sale process - should be involved in all aspects of the sale including the marketing process, bid selection, and negotiation.” W.R. Grace Term Extension Sought

W.R. Grace filed with the U.S. Bankruptcy Court a motion for an order extending the term of the credit agreement with Advanced Refining Technologies to extend its term to February 28, 2013. The Court scheduled a February 27, 2012 hearing to consider the motion.

(From the Docket continued on P. 16)

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FROM THE DOCKET CONTINUED Washington Mutual Certification Approval Sought

Boilermakers National Annuity Trust, Doral Bank Puerto Rico, Policemen’s Annuity and Benefit Fund of the City of Chicago (the MBS plaintiffs) filed with the U.S. Bankruptcy Court a motion, pursuant to Fed. R. Civ. P. 23 and Fed R. Bankr. P. 7023 and 9014(c), for an order certifying the class for purposes of the class claim. The motion explains, “The Class Claim, in the amount of at least $273 Million, is for damages against WMI,...for damages related to the purchases of mortgage-backed securities by the MBS Plaintiffs and the Class....Certification of the Class for purposes of the Class Claim is not only proper but warranted by virtue of, at the very least, the fact that the Class has already been certified by the District Court.” The Court scheduled a February 16, 2012 hearing to consider the motion. Washington Mutual Plan Supplement, Exhibit Filed

Washington Mutual filed with the U.S. Bankruptcy Court a Supplement in support of its Seventh Amended Joint Plan. The Supplement contains the following documents: Exhibit A: Form of Liquidating Trust Agreement, Exhibit B; Form of Amended and Restated By-laws for Reorganized WMI, Exhibit C: Form of Amended and Restated Articles of Incorporation of Reorganized WMI; Exhibit D: Schedule of Executory Contracts and Unexpired Leases to Be Assumed or Assumed and Assigned; Exhibit E: Initial Directors of the Reorganized Debtors; Exhibit F: Form of Senior First Lien Notes Indenture; Exhibit G: Form of Senior Second Lien Notes Indenture; Exhibit H: Form of Pledge and Security Agreement (relating to Runoff Notes); Exhibit I: Form of Pledge and Security Agreement (relating to Credit Facility) and Exhibit J: Form of Intercreditor Agreement. The Company also filed with the Court an Amended Exhibit E: Form of Senior First Lien Notes Indenture. Washington Mutual Stipulations Approved

The U.S. Bankruptcy Court approved Washington Mutual’s motion for an order approving the stipulation and agreement among the Debtors and JPMorgan Chase Bank with respect to the allowance of the JPMC claims solely for the purpose of voting on the Debtors’ Seventh Amended Chapter 11 Plan and, separately, among the Debtors and the Federal Deposit Insurance Corporation with respect to the allowance of Claim Number 2140 solely for the purpose of voting on the Plan.

FEATURE CONTINUED Prepackaged Plan

According to documents filed with the Court, the purpose of the Chapter 11 restructuring is to deleverage Ener1’s balance sheet. This de-leveraging will be implemented via a reduction in the amount of funded debt from around $90 million to approximately $46 million, with current debt holders receiving newly-issued debt and newly-issued common equity of the Reorganized Company.

In addition, Bzinfin, S.A., one of the Debtor’s existing debt and stockholders has committed to provide a post-petition financing facility in the aggregate principal amount of up to $20 million as well as an exit equity commitment.

As of the Prepackaged Plan’s effective date, Ener1’s capital structure will consist of the following:

i. Approximately $39.65 million in New Notes.

ii. New Preferred Stock which will be issued to

Bzinfin under the Plan, with a liquidation preference in the amount of the D.I.P. loan outstanding on such date and any amounts funded under the exit funding on such date; provided, however, that Bzinfin shall receive additional shares of New Preferred Stock as it advances funds post-effective date under the Equity Commitment Agreement.

iii. New Common Stock which will be issued on

the effective date to holders of Senior Note Claims, holders of Convertible Note Claims and holders of Line of Credit Claims.

(Feature continued on P. 17)

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FEATURE CONTINUED

On the Plan’s effective date, Ener1’s Senior Notes will be canceled, and holders of the Senior Note Claims will receive New Notes which will be issued by the Reorganized Debtor. The Company has agreed to secure all of its obligations under the New Notes Loan Agreement by granting the agent, liens on substantially all of the Reorganized Debtor’s assets for the benefit of the lenders. Certain of the Company’s subsidiaries will guarantee the Reorganized Debtor’s obligations under the New Notes Loan Agreement and will grant the agent liens on certain of the guarantor’s assets.

Under the current Plan, all authorized or issued interests in Ener1 will be canceled and extinguished and the holders of the interest will not retain any rights thereunder. In addition, the Reorganized Debtor will issue New Common

Stock and New Preferred Stock. Specifically, the Company will have the authority to issue (i) shares of common stock, par value $0.01 per share and (ii) shares of preferred stock, par value $0.01 per share.

Ener1 warns: “If the Plan is not confirmed, the Debtor believes it may be forced to liquidate under Chapter 7 of the Bankruptcy Code. In such event, the Debtor believes that Creditors would realize a less favorable distribution of value, or, in certain cases, none at all, for their Claims.”

Last Friday, the Court scheduled a February 27, 2012 combined hearing to consider both the Disclosure Statement and Prepackaged Plan of Reorganization. Interested parties must file objections to the documents on or before February 22, 2012.

FINANCIAL REPORTS CONTINUED TerreStar Networks M.O.R. Filed

TerreStar Networks filed with the U.S. Bankruptcy Court a monthly operating report for December 2011. For the period, the Company reported a net loss of $40.7 million on $140,137 in revenue. Tribune Company M.O.R. Filed

Tribune Company filed with the U.S. Bankruptcy Court a monthly operating report for December 2011. For the period, the Company reported a net loss of $2.1 million on $9.4 million in revenue. Washington Mutual M.O.R. Filed

Washington Mutual filed with the U.S. Bankruptcy Court a monthly operating report for December 2011. For the period, the Company reported a net loss of $42.2 million on negative revenues of $1 million. During the month, the Company paid $11.1 million in professional fees.

CONFIRMATION & EMERGENCE DATES The U.S. Bankrutpcy Court confirmed a Plan of Reorganization and/or Liquidation for the following publicly-traded company since the prior reporting period:

Company Confirmation Date Effective Date Green Builders, Inc. 01/26/12 N/A Lee Enterprises, Incorporated 01/23/12 N/A

BANKRUPTCY WEEK – January 30, 2012

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PUBLIC FILINGS ENER1, INC. Business: Rechargeable Batteries

Address: Suite 25C 1540 Broadway New York, NY 10036 212 920-3500

Employees: 769 Assets: $396,544,000 EIN: 59-2479377

SIC Codes: 3690 Auditor: PricewaterhouseCoopers LLP

Bankruptcy Case Summary Bankruptcy Date: 1/26/2012 Case Number: 12-10299 Action Type: 11 District: New York - Southern Filing City: Manhattan, NY Judge: Martin Glenn

Counsel for Debtor Reed Smith LLP Michael J. Venditto 599 Lexington Avenue New York, NY 10022 212 205-6081

Company Officers Charles Gassenheimer, Previous C.E.O. & Chair Alex Sorikin, Interim C.E.O. Jeffrey Seidel, C.F.O. Company Description Ener1, Inc. designs, develops and manufactures high-performance, prismatic, rechargeable, lithium-ion batteries and battery pack systems for energy storage. The Company also conducts research and development activities on fuel cells and nano-coating processes. Its fuel cell business develops and markets fuel cells and fuel cell systems and its nanotechnology business develops and markets nanotechnology related manufacturing processes and materials. Company Securities Common Stock / Post-Petition (Ticker/CUSIP: HEVVQ); Traded: OTC Common Stock / Pre-Petition (Ticker/CUSIP: HEV); Traded: NASDAQ; 164,866,277 shares outstanding as of 2/28/2011; $.01 par value. Security Ownership Boris Zingarevich, 55.1%; Ener1 Group, Inc., 50.1%; Bzinfin, S.A., 9.8%; Green Ventures Group, 7.3%; Michael Zoi, 7.3%; Anchorage Capital Master Offshore, Ltd., 5.5%

(Public Filings continued on P. 19)

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PUBLIC FILINGS CONTINUED EVERGREEN ENERGY INC. Business: Provides Clean Energy Solutions

Address: Suite 1300 1225 17th Street Denver, CO 80202 303 293-2992

Employees: 23 Assets: $29,558,000 EIN: 84-1079971

SIC Codes: 1221 Auditor: Hein & Associates LLP

Bankruptcy Case Summary Bankruptcy Date: 1/23/2012 Case Number: 12-10289 Action Type: 7 District: District of Delaware Filing City: Wilmington, DE Judge: Kevin J Carey

Counsel for Debtor Richards, Layton & Finger, P.A. Mark D. Collins One Rodney Square 920 North King Street Wilmington, DE 19801 302 651-7700

Company Officers Thomas H. Stoner, C.E.O. Dianna L, Kubik, C.F.O. Company Description Evergreen Energy labels itself “a business intelligence and environmental solutions” company, focused on the development of accurate and reliable technologies. Its products manage costs and operational issues while providing technologies for efficient and cost-effective clean coal solutions. Company Securities Common Stock (Ticker/CUSIP: EVEI); Traded: OTC:BB; 25,701,845 shares outstanding as of 3/7/2011; $.001 par value. Security Ownership Edgehill Partners; Edgehill Multi-Strategy Fund, Ltd, 5.56%; ECK & Partners Holdings Limited; Stanhill Asset Management Inc.; Stanhill Special Situations Fund; Stanhill Capital Partners (BVI) Limited, 5.29%; Ilyas T. Khan, 5.29%; Thomas H. Stoner, Jr., 2.39%; Diana L. Kubik, 1.01%

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CALENDAR CONTINUED February 1, 2012 (Cont’d). Evergreen Solar, Inc. Chapter 11: August 15, 2011

The U.S. Bankruptcy Court scheduled a February 1, 2012 hearing to consider conver-ting or dismissing the Evergreen Solar case.

February 3, 2012 William Lyon Homes Chapter 11: December 19, 2011

The U.S. Bankruptcy Court established February 3, 2012 as the final date by which interested parties must file ob-jections to William Lyon Homes’ Plan.

BUSINESS BANKRUPTCY FILINGS Listed below is a random sampling of nationwide business

bankruptcy filings compiled by our research staff during the week of January 23, 2012. An updated list with recent filings from all geographic divisions is always available at BankruptcyData.com.

Arizona Tribute Aviation LLC Debtor, P.O. Box 26136, Scottsdale, AZ, 85255 Date: 1/24/2012 Chapter: 11 Case #: 12-01311

California - Central Sweet Petroleum Corporation, 89 E Hwy 246, Buellton, CA, 93427 Date: 1/25/2012 Chapter: 11 Case #: 12-10300

District of Columbia

BHI International Inc., P.O. Box 1470, Washington, DC, 20013 Date: 1/24/2012 Chapter: 11 Case #: 12-00039

Florida - Southern

Martin County Marine Corp., PO Box 1713, Palm City, FL, 34991 Date: 1/24/2012 Chapter: 11 Case #: 12-11819

Illinois - Northern

Midwest Environmental Services Group Inc., 343 W. Erie Ste. 220, Chicago, IL, 60654 Date: 1/25/2012 Chapter: 11 Case #: 12-02569

New Jersey Roar Investments LLC, 1064 Clinton Avenue, Irvington, NJ, 07111 Date: 1/24/2012 Chapter: 11 Case #: 12-11608

Pennsylvania - Eastern

Advanced Life Support Ambulance Inc., 3020 Darnell Road, Philadelphia, PA, 19154 Date: 1/24/2012 Chapter: 11 Case #: 12-10597

Texas - Southern Webb Container Corporation, 201 Roberts Street, Houston, TX, 77003 Date: 1/25/2012 Chapter: 11 Case #: 12-30524

Bankruptcy Week is published weekly by New Generation Research, Inc. Ste. 801, 225 Friend St., Boston, MA 02114, 800 468-3810

Publisher: George Putnam, III Senior Editor: Brandy Chetsas Data Editor: Kerry Mastroianni

Bankruptcy Week subscribers also receive a subscription to www.BankruptcyData.com. Other publications from New Generation Research, Inc. include The Distressed Company Alert—a weekly publication identifying companies experiencing financial distress; The Bankruptcy Yearbook and Almanac—an annual compendium of bankruptcy information and The Turnaround Letter—a monthly investment newsletter. For more information on these publications, e-mail us at [email protected] or call us at 800 468-3810.

BankruptcyWeek Index

CompanyBankruptcy

Date Case Number Filing District Judge Attorney155 East Tropicana, LLC 08/01/11 11-22216 Nevada Bruce A. Markell Gordon Silver, Ltd.3dfx Interactive, Inc. 10/15/02 02-55795 / 11-41900 California - Northern James R. Grube Murray & MurrayAhern Rentals, Inc. 12/22/11 11-53860 Nevada Bruce T. Beesley Gordon SilverAmbac Financial Group, Inc. 11/08/10 10-15973 New York - Southern Shelley C. Chapman Dewey & LeBoeuf LLPAmericanWest Bancorporation 10/28/10 10-06097 Washington - Eastern Patricia C. Williams Foster Pepper PLLCAmes Department Stores, Inc. (2001) 08/20/01 01-42217 New York - Southern Robert E. Gerber Weil, Gotshal & Manges LLPAMR Corporation 11/29/11 11-15463 New York - Southern Sean H. Lane Weil, Gotshal & Manges LLPArlington Hospitality, Inc. 08/31/05 05-34885 Illinois - Northern A. Benjamin Goldgar Jenner & Block LLPAscendia Brands, Inc. 08/05/08 08-11787 Delaware Brendan Linehan Shannon Young Conaway Stargatt & Taylor, LLPBankUnited Financial Corporation 05/21/09 09-19940 Florida - Southern Laurel M. Isicoff Shutts & Bowen LLPBarzel Industries Inc. 09/15/09 09-13204 Delaware Christopher S. Sontchi Cole, Schotz, Meisel, Forman & Leonard, P.A.Blockbuster Inc. 09/23/10 10-14997 New York - Southern Burton R. Lifland Weil, Gotshal & Manges LLPBuffets Restaurants Holdings, Inc. (2012) 01/18/12 12-10237 Delaware Mary F. Walrath Young Conaway Stargatt & Taylor, LLPCDC Corporation 10/04/11 11-79079 Georgia - Northern Paul M. Bonapfel Lamberth, Cifelli, Stokes, Ellis & Nason, P.A.Delta Petroleum Corporation 12/15/11 11-14006 Delaware Kevin J. Carey Morris, Nichols, Arsht & Tunnell LLPDynegy Holdings, LLC 11/07/11 11-38111 New York - Southern Cecelia G. Morris Sidley Austin LLPEastman Kodak Company 01/19/12 12-10202 New York - Southern Allan L. Gropper Sullivan & Cromwell LLPEner1, Inc. 01/26/12 12-10299 New York - Southern Martin Glenn Reed Smith LLPEvergreen Solar, Inc. 08/15/11 11-12590 Delaware Mary F. Walrath Pachulski Stang Ziehl & Jones LLPFilene's Basement, LLC (Syms Corp.) (2011) 11/02/11 11-13511 Delaware Kevin J. Carey Skadden, Arps, Slate, Meagher & Flom LLPFirstFed Financial Corp. 01/06/10 10-12927 California - Central Ernest M. Robles Landau Gottfried & Berger LLPGeneral Maritime Corporation 11/17/11 11-15285 New York - Southern Allan L. Gropper Kramer, Levin, Naftalis & Frankel LLPGreat Atlantic & Pacific Tea Company, Inc. 12/12/10 10-24549 New York - Southern Robert D. Drain Kirkland & Ellis LLPHarrington West Financial Group, Inc. 09/10/10 10-14677 California - Central Robin Riblet Landau Gottfried & Berger LLPHartmarx Corporation 01/23/09 09-02046 Illinois - Northern Bruce W. Black Skadden, Arps, Slate, Meagher & Flom LLPImperial Capital Bancorp, Inc. 12/18/09 09-19431 California - Southern Louise DeCarl Adler Stutman, Treister & GlattIndianapolis Downs, LLC 04/07/11 11-11046 Delaware Brendan Linehan Shannon Greenberg Traurig, LLPLee Enterprises, Incorporated 12/12/11 11-13918 Delaware Kevin Gross Sidley Austin LLPLehman Brothers Holdings Inc. 09/15/08 08-13555 New York - Southern James M. Peck Weil, Gotshal & Manges LLPMajestic Capital, Ltd. 04/29/11 11-36225 New York - Southern Cecelia G. Morris Murphy & King Professional CorporationMF Global Holdings Ltd. 10/31/11 11-15059 New York - Southern Martin Glenn Skadden, Arps, Slate, Meagher & Flom LLPNebraska Book Company, Inc. 06/27/11 11-12005 Delaware Peter J. Walsh Pachulski Stang Ziehl & Jones LLPNewPage Corporation 09/07/11 11-12804 Delaware Kevin Gross Pachulski Stang Ziehl & Jones LLPNortel Networks, Inc. 01/14/09 09-10138 Delaware Kevin Gross Morris, Nichols, Arsht & Tunnell LLPOmega Navigation Enterprises, Inc. 07/08/11 11-35926 Texas - Southern Karen K. Brown Bracewell & Giuliani LLPPFF Bancorp, Inc. 12/05/08 08-13127 Delaware Kevin J. Carey Richards, Layton & Finger, P.A.PMI Group, Inc., The 11/23/11 11-13730 Delaware Brendan Linehan Shannon Young Conaway Stargatt & Taylor, LLPPoint Blank Solutions, Inc. 04/14/10 10-11255 Delaware Peter J. Walsh Pachulski Stang Ziehl & Jones LLPRadnor Holdings Corporation 08/21/06 06-10894 Delaware Peter J. Walsh Skadden, Arps, Slate, Meagher & Flom LLPReal Mex Restaurants, Inc. 10/04/11 11-13122 Delaware Peter J. Walsh Pachulski Stang Ziehl & Jones LLPSharper Image Corporation 02/19/08 08-10322 Delaware Kevin Gross Womble Carlyle Sandridge & Rice, PLLCShengdaTech, Inc. 08/19/11 11-52649 Nevada Bruce T. Beesley Greenberg Traurig, LLPSoutheast Banking Corp. 09/20/91 91-14561 Florida - Southern Paul G. Hyman, Jr. Herbert Stettin, Esq.SulphCo, Inc. 09/16/11 11-37949 Texas - Southern Jeff Bohm Hoover Slovacek LLPTeam Financial, Inc. 04/05/09 09-10925 Kansas Robert E. Nugent Redmond & Nazar, L.L.P.TerreStar Corporation (2011) 02/16/11 11-10612 New York - Southern Sean H. Lane Akin Gump Strauss Hauer & Feld LLPTerreStar Networks Inc. (2010) 10/19/10 10-15446 New York - Southern Sean H. Lane Akin Gump Strauss Hauer & Feld LLPThornburg Mortgage, Inc. 05/01/09 09-17787 Maryland Duncan W. Keir Venable LLPTOUSA, Inc. 01/29/08 08-10928 Florida - Southern John K. Olsen Berger Singerman, P.A.Trailer Bridge, Inc. 11/16/11 11-08348 Florida - Middle Jerry A. Funk Foley & Lardner LLPTribune Company 12/08/08 08-13141 Delaware Kevin J. Carey Sidley Austin LLPTrident Microsystems, Inc. 01/04/12 12-10069 Delaware Christopher S. Sontchi DLA Piper US LLPTweeter Home Entertainment Group, Inc. 06/11/07 07-10787 Delaware Peter J. Walsh Skadden, Arps, Slate, Meagher & Flom LLPVelocity Express Corporation 09/24/09 09-13294 Delaware Mary F. Walrath Richards, Layton & Finger, P.A.W.R. Grace & Co. 04/02/01 01-01139 Delaware Ronald L. Buckwalter Pachulski Stang Ziehl & Jones LLPWashington Mutual, Inc. 09/26/08 08-12229 Delaware Mary F. Walrath Richards, Layton & Finger, P.A.Westpoint Stevens, Inc. (2003) 06/01/03 03-13532 New York - Southern Stuart M. Bernstein Weil, Gotshal & Manges LLPWilliam Lyon Homes 12/19/11 11-14019 Delaware Christopher S. Sontchi Pachulski Stang Ziehl & Jones LLPWorldSpace, Inc. 10/17/08 08-12412 Delaware Peter J. Walsh Pachulski Stang Ziehl & Jones LLP

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