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Suppose I have a fireteam where every model is within the 1st mov value of an enemy model. The team leader issues the order to move and charge. Assuming they survive return fire or the enemy doesn't choose to dodge, the entire fireteam is not in btb with an enemy. Let's assume the fire team has plenty of orders left over.
What happens next?

I assume the team leader completes his CC attack as normal, but what about the rest? They count as activated, but would the enemy models get normal rolls against them?

Yup.

If the enemy model isn't fighting the link leader, he gets normal rolls against one (unless using 2nd ed MA lvl5) model if he attacks. If he dodges, it will be f2f.

The Link Leader will get +3 to CC per friendly also engaged in the fight, though.