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High Court's Fraud Case Widely Seen As Stand-In For Enron Carrie Johnson and Robert Barnes

Publication Date: 
October 05, 2007
Source: 
The Washington Post
Author: 
Carrie Johnson and Robert Barnes

Professor Joseph A. Grundfest comments in The Washington Post on securities fraud litigation in the context of a recent Supreme Court case:

... Joseph A. Grundfest, a Stanford University law professor who supports businesses in the case, said the SEC and the Justice Department already have the power to sue third parties for their involvement in a fraud scheme. He noted that Congress repeatedly has rejected attempts to expand the rights of investors to sue. "There's a question of real principle here: Which decisions should be made by the courts, and which should be made by Congress?" Grundfest said.