Class Action Filings Climb Again, With Push from Subprime Suits
Professor Joseph A. Grundfest, co-director of the Rock Center for Corporate Governance, is referenced in an ABA Journal article about a Securities Class Action Clearinghouse report that indicates a rise in class actions fueled mostly by subprime lending litigation:
Stanford law professor Joseph Grundfest told the Daily Journal he believes most of the securities fraud lawsuits stemming from the mortgage crisis already have been filed. "Most of the big shoes to drop have already dropped," he said. "Quite simply, the plaintiffs are running out of additional companies to sue."