In Re High Voltage Engineering Corp.

MEMORANDUM OF DECISION AND ORDER

ZOBEL, District Judge.

I. Introduction

The bankruptcy court denied a motion by the liquidation trustee of the debtor, High Voltage Engineering Corporation (“HVE”), to vacate earlier orders allowing administrative expense claims of several professionals. The liquidation trustee appeals.

II. Factual and Procedural Background 1

A.The 2004 Restructuring Agreement

In mid-2003, HVE, a holding company owning energy and manufacturing companies, had trouble meeting its obligations to its creditors. At the time, the largest group of unsecured creditors were holders of $155…