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Value Line, Inc. Message Board

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  • DaBreeze21 DaBreeze21 Nov 23, 2009 4:56 PM Flag

    will there be mutual fund shareholder lawsuit?

    Sue them for what? THey weren't defrauded in any way. If you had bothered to read/understand the SEC complaint you would understand...but it's probably beyond your intellectual ability.

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    • Listen you insulting bastard/front man, the funds paid more for each transaction. The returns would have reflected that. Read this you twit.

    • It is obvious that VL is afraid to death of a fund shareholders lawsuit for accounting fraud and breach of fiduciary duty to provide best execution. The fund officers, portfolio managers and directors had a duty to insure best execution and to provide full and accurate disclosure in its SEC filings which they failed to do. The SEC probably knows that their investigation could lead to several lawsuits, including a mutual fund shareholders lawsuit. In May 2004 Buttner declared a $17.50 dividend for the benefit of VALU shareholders in which she was the primary beneficary since she controls 86.5% of VALU stock. The dividend was funded in part by the commissions buttner/henigson/brecher were scsamming from the mutual fund shareholders for 20 years. The bottom line is 86% of these dividends went to Buttner's AB&Company which means into her pocketbook. Debreez21 is probably one of the perpetrators listed above terrified about beign sued - as he should be.

16.17-0.66(-3.92%)Jun 24 4:00 PMEDT