This LES plenary session featured a panel of people who were involved in various roles with the auction of Nortel’s patent portfolio for a winning bid of $4.5 billion. Monday’s highly anticipated plenary panel on the Nortel patent auction provided the historical background for the Nortel auction, how the bankruptcy process worked, gave details of the IP auction process, what information should be disclosed in that process, and why the buyers were attracted to Nortel’s patent portfolio which was being auctioned as a unit.