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SEC LITIGATION RELEASE
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EXTRACTED KEY WORDS
REALTY SUBPOENA SECURITIES EXCHANGE COMMISSION COURT FLORIDA MOTION QUASH LITIGATION CIVIL ACTION ILL FEDERAL DISTRICT COURT CHICAGO SEEKING ORDER REQUIRING COMPLIANCE NEVADA CORPORATION BUSINESS LONGWOOD PRESIDENT DAVID HAMPTON TEDDER RESIDENT CALIFORNIA DOCUMENTS RELATING INVESTMENTS VALID JUSTIFICATION FAILURE RESPONSE HEARINGS |
SECURITIES AND EXCHANGE COMMISSION
LITIGATION RELEASE NO. 17246 / November 21, 2001
SECURITIES AND EXCHANGE COMMISSION v. CHALLENGE REALTY, INC., Civil
Action No. 01 C 4689 (N.D. Ill.)
The Securities and Exchange Commission (Commission) today announced
that on June 20, 2001, it filed an application in federal district
court in Chicago seeking an order requiring compliance with a subpoena
issued by the Commission to Challenge Realty, Inc. (Challenge Realty).
Challenge Realty is a Nevada corporation with its principal place of
business in Longwood, Florida. Challenge Realty's President is David
Hampton Tedder, a resident of California and Florida. The subpoena
sought documents relating to investments in Challenge Realty and
Challenge Realty's operations.
Challenge Realty failed to comply with the subpoena issued by the
Commission and the Commission, in its application, argued that
Challenge Realty had no valid justification for its failure to comply.
In response, Challenge Realty filed a Motion to Quash the subpoena. On
July 20, 2001 the Court denied Challenge Realty's Motion to Quash and
at hearings held on July 5, 26 and August 23, 2001, granted all of the
relief requested by the Commission.
_________________________________________________________________
Modified 11/23/2001
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