Professor Joseph A. Grundfest is quoted and the Securities Class Action Clearinghouse is referenced in a CFO Magazine article discussing the rising D&O insurance coverage in certain financial sectors because of an increase in securities class actions:

Of the 210 federal securities class actions filed last year, almost half (103) involved firms in the financial-services sector, according to Stanford Law School Securities Class Action Clearinghouse. "This level of litigation intensity against a single industry [financial services] is unprecedented," says Joseph Grundfest, director of the clearinghouse.

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... "Litigation activity against the financial sector may decline next year because the supply of new defendants might be drying up," says Grundfest of Stanford Law School's clearinghouse. A single D&O market for all industry sectors may yet rise again.