Sep
28
2012
Ruling:
Losing bidder on debtor's property not entitled to administrative expense claim for causing purchaser to increase offer.
Procedural posture:
A losing bidder for chapter 11 debtors' properties filed an application for a substantial contribution administrative expense under 11 U.S.C.S. § 503(b)(3)(D).
Issue:
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Commercial case opionion summary, case decided on September 28,2012, LexisNexis #1212-009