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IN RE SPECTRUM INFORMATION TECHNOLOGIES, INC.

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

190 B.R. 741 (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.

January 3, 1996.

Attorney(s) appearing for the Case

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

Amon & Sabatini by John S. McGowan, New York City, for Joseph Musacchio and John Silver.

Brown & Wood by Andrew J. Maloney, New York City, for Peter Caserta.

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

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

A. Werner Pleus, Plandome, New York, pro se.

DECISION ON DEBTORS' MOTION FOR AN ORDER APPROVING DEBTORS' REJECTION OF CERTAIN AGREEMENTS

CONRAD B. DUBERSTEIN, Chief Judge.

Spectrum Information Technologies, Inc. ("Spectrum") together with two of its wholly owned subsidiaries (collectively the "Debtors" and hereinafter referred to interchangeably as "Spectrum" and "Debtors") as debtors and debtors-in-possession, move for an order of this Court pursuant to section 365 of the Bankruptcy Code and...

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