The court denied the administrative expense applications filed by the debtor's equity interest holders. The applicants were unable to establish that their involvement in the case provided a "substantial contribution" to the estate as required by ยง 503(b)(3)(D). The equitable "common fund" doctrine did not provide a remedy because the movants did not demonstrate any "dominating reasons of justice" to invoke it.
Date:
Monday, October 22, 2012
Judge:
Judge Thomas L. Saladino