Chapter 11 Trustee filed a plan of liquidation for Industrial Enterprises of America, Inc. in the US Bankruptcy Court on March 27, 2014. As per the amended plan filed, general unsecured claims will be $2.92 million and IEAM subordinated claims will be reduced to the amount of $20.99 million. The other claims and their treatment will remain unchanged under the plan.

Pitt Penn Holdings, Inc. filed amendments to the plan of liquidation in the US Bankruptcy Court on May 29, 2014. As per the amendments, certain technical changes were made to the plan. The treatment of all the claim classes shall remain same.

Pitt Penn Holdings, Inc. filed amendments to the plan of liquidation in the US Bankruptcy Court on August 21, 2014. As per the amendments, the Omtammopt settlement model has been updated. The treatment of all the other claim classes shall remain same.