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Financial Crisis Provides Fertile Ground For Boom In Lawsuits

Publication Date: 
October 18, 2008
The New York Times
Jonathan D. Glater

The New York Times quotes Professor Joseph A. Grundfest in a story about securities lawsuits that spring from Wall Street's current financial crisis:

“You can’t get blood from a stone,” said Joseph A. Grundfest, a former commissioner of the Securities and Exchange Commission who now teaches at Stanford Law School. “But you sure can get money from the insurance company that covered the stone.”