Mysore S. Sundara

SECURITIES AND EXCHANGE COMMISSION

LITIGATION RELEASE NO. 16365 / November 19, 1999

U.S. Securities and Exchange Commission v. Mysore S. Sundara (United States District Court for the Northern District of Illinois, No. 99-C-7128)

COURT ORDERS COMPLIANCE WITH SEC SUBPOENA

The Securities and Exchange Commission ("Commission") announced that on November 8, 1999, the Honorable David H. Coar entered an Order Requiring Compliance with a Subpoena Duces Tecum of the United States Securities and Exchange Commission requiring Respondent Mysore S. Sundara to comply fully with the Commission's subpoena duces tecum by producing documents on or before November 22, 1999 and appearing for testimony on or before November 29, 1999. Sundara, a resident of Schaumburg, Illinois, is the President of Global Planning, Inc., Estate and Tax Planning Associates International, and Global Business Services, Inc., all Illinois corporations with their headquarters in Hoffman Estates, Illinois. The Commission filed the subpoena enforcement action on November 1, 1999, pursuant to Section 22(b) of the Securities Act of 1933, Section 21(c) of the Securities Exchange Act of 1934, and Federal Rule of Civil Procedure 81(a)(3), based on Sundara's failure to produce documents and appear for testimony pursuant to a lawfully-issued Commission subpoena.