In re Bicoastal Corp.

ORDER ON OBJECTION TO ADMINISTRATIVE CLAIM OF LORAL

ALEXANDER L. PASKAY, Chief Judge.

THIS is a confirmed Chapter 11 reorganization case, and the matter under consideration is an Application for Administrative *447Expense, filed by the Committee for the Libraseope Retirement Plan (Loral) and the Objection to its Claim filed by the Debtor. In its Claim, Loral contends it is entitled to an allowance as cost of administration in the approximate amount of $3.7 million which represents the loss allegedly suffered by the Singer Master Trust (Master Trust) resulting from the Debtor’s alleged post-petition…