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ARGUED FEBRUARY 11, 2011

Before BAUER, POSNER, and WILLIAMS, Circuit Judges.

A case can be complex without being difficult and difficult without being complex-and it can also be both complex and difficult, yet difficult for reasons unrelated to its complexity. This case is complex because of multiple parties, four separate proceedings (a mixture of arbitrations and adjudications), a multitude of complex written instruments, and sprawling submissions-the parties and amici curiae have filed a total of seven briefs, running to hundreds of pages. But these complexities-many of which we’ll ignore-have little to do with whether to affirm or reverse.

 
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