IN RE DOW CORNING CORP.

Nos. 04-1608, 04-1643, 04-1720, 04-1721, 04-1722.

456 F.3d 668 (2006)

In re: DOW CORNING CORPORATION, Debtor. Official Committee of Unsecured Creditors, et al., Appellants/Cross-Appellees, v. Dow Corning Corporation, Appellee/Cross-Appellant, Dow Chemical Corporation and Corning Incorporated, Appellees.

United States Court of Appeals, Sixth Circuit.

Decided and Filed: July 26, 2006.


Attorney(s) appearing for the Case

ARGUED: Donald S. Bernstein, Davis, Polk & Wardwell, New York, New York, Glenn E. Siegel, Dechert, New York, New York, for Appellants. David M. Bernick, Kirkland & Ellis, Chicago, Illinois, for Appellees. ON BRIEF: Donald S. Bernstein, Ogden N. Lewis, Michael S. Flynn, Davis, Polk & Wardwell, New York, New York, Glenn E. Siegel, Dechert, New York, New York, Sheryl L. Toby, Dykema Gossett, Detroit, Michigan, Annette W. Jarvis, Salt Lake City, Utah, Robert S. Hertzberg, Pepper & Hamilton, Detroit, Michigan, Andrew N. Rosenberg, Paul, Weiss, Rifkind, Wharton & Garrison, New York, New York, Patrick A. Murphy, Murphy, Weir & Butler, San Francisco, California, Stephen Blauner, Milbank, Tweed, Hadley & McCloy, New York, New York, Robert M. Novick, Kasowitz, Benson, Torres & Friedman, New York, New York, for Appellants. David M. Bernick, Douglas Geoffrey Smith, Kirkland & Ellis, Chicago, Illinois, for Appellees.

Before: MOORE and COLE, Circuit Judges; WISEMAN, District Judge.


OPINION

R. GUY COLE, JR., Circuit Judge.

Numerous bankruptcy creditors of Dow Corning Corp., who collectively hold approximately $1 billion in commercial debt, argue that the bankruptcy court erred in only allowing claims for post-petition interest at the non-default contract rate, as identified in their debt contracts, rather than at the contracts' default rate. Dow Corning argues in a cross-appeal that the bankruptcy court should have ordered the payment...

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