Financial Crisis Provides Fertile Ground For Boom In Lawsuits
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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.”