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IN RE SPECTRUM INFORMATION TECHNOLOGIES INC.

Bankruptcy Nos. 195-10690-260, 195-10692-260 and 195-10693-260.

193 B.R. 400 (1996)

In re SPECTRUM INFORMATION TECHNOLOGIES, INC., Dealer Services Business Systems, Inc. and Spectrum Cellular Corporation, Debtors.

United States Bankruptcy Court, E.D. New York.

March 20, 1996.

Attorney(s) appearing for the Case

Cleary Gottlieb Steen & Hamilton, New York City by George Weisz, for debtors.

Jeffrey M. Rosenblum, P.C., Great Neck, New York, for John Marchione.

Mayer Brown & Platt, New York City, by Raniero D'Aversa, Jr., for Spectrum Creditors Committee.

DECISIONS ON (i) DEBTORS' MOTION FOR AN ORDER APPROVING REJECTION OF JOHN MARCHIONE'S EMPLOYMENT AGREEMENT and (ii) APPLICATION BY JOHN MARCHIONE FOR ALLOWANCE AND PAYMENT OF ADMINISTRATIVE CLAIM

CONRAD B. DUBERSTEIN, Chief Judge.

The matters before the Court are (i) the Debtors' motion for an order pursuant to section 365 of the Bankruptcy Code and Federal Rule of Bankruptcy Procedure 60061 approving their rejection of...

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