Securities Investor Protection Corporation, Plaintiff-Applicant, v. MJK Clearing, Inc., Defendant.

Adv. Proc. No. 01-4257 RJKUnited States Bankruptcy Court, D. Minnesota
January 9, 2002

ORDER
ROBERT J. KRESSEL, Bankruptcy Judge

This matter came on for hearing on January 9, 2002, on the Motion to Extend Time to Assume or Reject Executory Contract (the “Motion”) of James P. Stephenson, as trustee for the liquidation of MJK Clearing, Inc. (the “Trustee”). Appearances, if any, were as noted on the record. Based upon the Motion, responsive pleadings, if any, the arguments of counsel, and the record in this case, the Court’s findings of facts and conclusions of law, if any, being stated on the record in open court:

IT IS HEREBY ORDERED THAT:

(1) The Motion is granted to the extent provided herein; and

(2) The Trustee’s deadline under 11 U.S.C. § 365(d)(1) to assume or reject the Master Services Agreement between MJK Clearing, Inc. and Securities Industry Software, a division of ADP Financial Information Services, Inc. dated as of March 1, 2001 is extended until February 28, 2002.