Value Line's CEO files suit again
From Wall Street Journal
Watch what you say on Internet message boards. That's a lesson that Christopher Bischof failed to learn and it may cost him $3 million. The former manager of Value Line's Aggressive Income fund manager called Value Line Chairman and Chief Executive Jean B. Buttner an "old dodo" and suggested she inherited her position -- "a leading member of the Lucky Sperm Club" -- from her father on a message board. Bischof deleted the message but that hasn't stopped Buttner from filing suit. Bischof posted under the screen name "Matt Drudge_VL". A hearing is set for August 9, according to the Heard on the Street column. This is not the first time Buttner has gone after Net posters. A year ago she sued 50 "John Does" for messages posted on AOL and subpoenaed Yahoo and AOL to discover the message writers' identities one of them being -- "Matt Drudge_VL".

More on MAXfunds
From Los Angeles Times
MAXfunds is worth a look, according to the L.A. Times. The article praises the sight for trying to "steer fund investors away from performance-chasing and other common mistakes." It adds that "The site's contrarian take may be its main asset, but it also offers a solid menu of news and columns, screening tools and standing resources such as a 'plain-English' dictionary." Downsides at the site, according to the paper are its "rudimentart" Fund-o-Matic screening tool and lack of commentators up to the standards set by Morningstar. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE