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Value Line Funds SEC Case Settled

  • You must submit the settlement Proof form attached below, in order to participate in this settlement. There is a strict deadline of July 18, 2011 by which all claims must be submitted. The instructions for submitting are included in the Proof and the Notice files attached below for your download. DO NOT SEND THE FORMS TO THE SHAREHOL

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Lawsuit Overview

FEBRUARY 2011 - According to the Notice: Overview From 1986 to November 2004, VLI directed approximately $24.2 million in brokerage commissions from the Value Line Funds to an affiliated broker-dealer, Value Line Securities, Inc. (“VLS”), without disclosing to the Funds or the Funds’ shareholders that VLS did not provide any brokerage services to the Funds for these commissions. On...

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