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IN RE METROMEDIA FIBER NETWORK, INC.

No. 04-2112-BK.

416 F.3d 136 (2005)

In re: METROMEDIA FIBER NETWORK, INC., et al., Debtors. Deutsche Bank AG, London Branch and Bear, Stearns & Co., Inc., Appellants, v. Metromedia Fiber Network, Inc., et al., Debtors-Appellees.

United States Court of Appeals, Second Circuit.

Decided: July 21, 2005.

Attorney(s) appearing for the Case

Edward J. Estrada, Leboeuf, Lamb, Greene & MacRae, LLP, New York, N.Y. (John S. Kinzey, on the brief), for Appellants.

Ronald R. Sussman, Kronish Lieb Weiner & Hellman LLP, New York, N.Y. (Richard S. Kanowitz, Jeffrey L. Cohen, and Seth Van Aalten, on the brief), for Debtors-Appellees.

Before: JACOBS and CALABRESI, Circuit Judges, and RAKOFF, District Judge.

JACOBS, Circuit Judge.

Creditors Deutsche Bank AG (London Branch) and Bear, Stearns & Co., Inc. (collectively, "appellants") challenge the now-largely implemented Plan of Reorganization ("Plan") confirmed in the Chapter 11 bankruptcy proceeding of Metromedia Fiber Network, Inc. and its subsidiaries (collectively, "Metromedia"). This appeal is taken from a March 18, 2004 judgment of the United States District Court for the Southern District of New York (Brieant...

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