SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 17030 / June 7, 2001
Securities and Exchange Commission v. Redneck Foods, Inc.
Civil No. 1:01CV01270 (D.D.C.) (filed June 7, 2001).
On June 7, 2001, the Commission filed a complaint in the United States District Court for the District of Columbia against Redneck Foods, Inc. The complaint alleges that Redneck Foods, a publicly-traded California-based company, failed to file periodic reports with the Commission as required by the Securities Exchange Act of 1934 ("Exchange Act"). As a result, the investing public did not have access to current and accurate information about its financial condition and results of operations. Specifically, the complaint alleges that Redneck Foods has not filed its Annual Reports on Form 10-K for the fiscal years ended December 31, 1998, 1999 and 2000; its Quarterly Reports on Form 10-Q for the fiscal quarters ended March 31, June 30 and September 30, 1999 and 2000; and eight Notifications of Late Filing with respect to its delinquent reports.
Simultaneously with the filing of the complaint, Redneck Foods admitted the violations and consented to the entry of a final judgment enjoining it from further violations of Section 13(a) of the Exchange Act of 1934 and rules 12b-25 and 13a-13 thereunder, and ordering it to file its delinquent reports on or before June 22, 2001.