News from TMZ.com:

“Real Housewives of Beverly Hills”
star Taylor Armstrong and her soon-to-be ex-husband are now co-defendants in a lawsuit accusing them of shady business dealings.

Two weeks after Taylor filed to divorce Russell Armstrong …. they’re both being sued over allegedly misleading investors in a company called NuWay Digital Systems, Inc. (NDS).

Russell — a venture capitalist — was CEO of NDS — which held interest in another company called MyMedicalRecords.com (MMR).

In the lawsuit, MMR claims Russell collected more than a million dollars by selling off NDS shares to investors who were told they were getting a piece of MMR.

The suit claims Taylor and Russell “successfully and secretly” funneled money away from MMR and into their own pockets — allegedly using the …………… continues on TMZ.com

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Related News:

Diamond Hill Investment Group Inc. Reports Operating Results (10-Q)
News from GuruFocus.com:

Diamond Hill Investment Group Inc. (DHIL) filed Quarterly Report for the period ended 2011-06-30.

Diamond Hill Investment Group Inc. has a market cap of $ 225.7 million; its shares were traded at around $ 77.75 with a P/E ratio of 16.2 and P/S ratio of 4.1. Diamond Hill Investment Group Inc. had an annual average earning growth of 32.4% over the past 5 years.

The Company generated net income of $ 3,728,889 ($ 1.26 per diluted share) for the three months ended June 30, 2011, compared with net income of $ 1,829,858 ($ 0.66 per diluted share) for the three months ended June 30, 2010. While net income increased $ 1.9 million, revenue for the period increased $ 3.1 million and net investment return increased $ 1.3 million offset by a $ 1.3 million increase in operating expenses and a $ 1.2 million increase in the income tax provision. Operating profit margin increased to 35% for second quarter 2011 from 30% for second quar…………… continues on GuruFocus.com
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