Kelley Drye Obtains Dismissal of Appeal by Motorola on Behalf of WorldCom Creditors’ Committee
July 21, 2003
On behalf of the WorldCom Creditors’ Committee, Kelley Drye obtained the dismissal of Motorola’s appeal of the Bankruptcy Court’s order approving WorldCom’s disclosure statement. Motorola had brought the appeal based upon a novel interpretation of appellate standards governing disclosure statement approval orders. Dismissal of Motorola’s appeal was critical to WorldCom’s ability to exit from Chapter 11 under its currently contemplated timeframe.