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IN RE RIODIZIO, INC.

Bankruptcy No. 96 B 44429 (SMB).

204 B.R. 417 (1997)

In re RIODIZIO, INC., Debtor.

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

January 28, 1997.

Attorney(s) appearing for the Case

Shustak Jalil & Heller, New York City, for Debtor; Erwin J. Shustak, of counsel.

Law Offices of Burton S. Weston, Manhasset, NY, for Riodizio Company, L.L.C.; Burton S. Weston, of counsel.

MEMORANDUM DECISION REGARDING MOTION TO REJECT EXECUTORY CONTRACTS

STUART M. BERNSTEIN, Bankruptcy Judge.

Riodizio, Inc. (the "debtor") seeks, inter alia, to reject a stock option agreement and a shareholders agreement, both entered into in June, 1995. Riodizio Company, LLC ("LLC"), the optionee as well as a party to the shareholders agreement, opposes the motion. The motion thrusts us into the "psychedelic" world of executory contracts, Jay Lawrence...

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