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IN RE NORTEL NETWORKS INC.

No. 13-2739.

737 F.3d 265 (2013)

In re NORTEL NETWORKS INC., et al., Debtors Joint Administrators for Nortel Networks UK Limited and Certain of its Affiliates Located in the Region Known as Emea, Appellants.

United States Court of Appeals, Third Circuit.

Opinion Filed: December 6, 2013.

Attorney(s) appearing for the Case

Edwin J. Harron, Robert S. Brady, John T. Dorsey, Jaime Luton Chapman, Young Conaway Stargatt & Taylor, LLP, Wilmington, DE, Derek J.T. Adler [argued],

Amera Z. Chowhan, Gabrielle Glemann, Charles H. Huberty, Hughes Hubbard & Reed LLP, New York, NY, Attorneys for Appellants Joint Administrators for Nortel Networks UK Limited and Certain of its Affiliates Located in the Region Known as EMEA.

Howard S. Zelbo [argued], James L. Bromley, Lisa M. Schweitzer, Cleary Gottlieb Steen & Hamilton LLP, New York, NY, Derek C. Abbott, Ann C. Cordo, Morris, Nichols, Arsht & Tunnell LLP, Wilmington, DE, Attorneys for Appellees Nortel Networks Inc., et al.

Fred Hodara, David Botter, Abid Qureshi, Akin Gump Strauss Hauer & Feld LLP, New York, NY, Patricia A. Millett [argued], Akin Gump Strauss Hauer & Feld LLP, Washington, D.C., L. Rachel Lerman, Akin Gump Strauss Hauer & Feld LLP, Los Angeles, CA, Attorneys for Appellee The Official Committee of Unsecured Creditors of Nortel Networks Inc., et. al.

Before: FUENTES, GREENBERG, and BARRY, Circuit Judges.

OPINION OF THE COURT

FUENTES, Circuit Judge.

After the multinational telecommunications firm Nortel Networks declared bankruptcy in 2009, various debtors comprising the Nortel brand auctioned their business lines and intellectual property. They raised $7.5 billion. Since the auctions, the selling debtors have disputed whether or not they had previously agreed to allocate the auction funds through arbitration...

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