Thursday, April 8, 2010

Generex sues for defamation

Generex filed a $250 million lawsuit against and Adam Feuerstein for business defamation, product disparagement,and injurious falsehood.

Jim Cramer, TV host of CNBC's Mad Money, is co-founder and Chairman of I blogged about's problems with the SEC in this entry.

Note that Feuerstein was also bearish on Dendreon when it was $4 a share, and it is now hovering around $40. I blogged about purchasing shares of DNDN despite bearish sentiment from many analysts here.

The takeaway message is don't rely on so-called experts or pundits. As always, do your own due diligence.

Disclosure: no position on GNBT. Long DNDN shares.

No comments:

Post a Comment