Generex sues thestreet.com for defamation

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

http://finance.yahoo.com/news/Generex-Launches-250000000-pz-450844841.html?x=0

Jim Cramer, TV host of CNBC's Mad Money, is co-founder and Chairman of thestreet.com. I blogged about thestreet.com'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.