McDow v. Official Committee of Equity Security Holders of Criimi Mae Inc. (In Re Criimi Mae Inc.)

MEMORANDUM OPINION

CHASANOW, District Judge.

This is an appeal from an Order of the bankruptcy court directing a chapter 11 debtor in possession to reimburse the members of the official committee of equity security holders for a liability insurance policy premium in the amount of $92,700. The bankruptcy court held that the insurance premium was an allowed administrative expense under 11 U.S.C. § 503(b)(3)(F). For the reasons set forth below, the court shall AFFIRM the Order of the bankruptcy court. 1

I. Background

CRIIMI MAE Inc. (the “Debtor”) is a commercial mortgage company in the business of…