Professor Joseph A. Grundfest is quoted in a Daily Journal article about the upswing in numbers of securities class actions following two years of down-turn. He does not see this up-swing as permanent:

This week, Joseph Grundfest, a Stanford law professor appeared at a symposium in San Francisco and predicted a "permanent shift" downward in the number of filings.

Grundfest, who also tracks shareholder class actions with Menlo Park-based Cornerstone Research, pointed out that, for the second straight year, filings are on course to fall below the annual average of 195 recorded for the last decade.