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High-Profile Trial Lawyer Agrees To Guilty Plea

Publication Date: 
March 21, 2008
The New York Times
Jonathan Glater

Professor Joseph A. Grundfest is quoted in a New York Times story about Melvyn I. Weiss' guilty plea to federal criminal charges. Weiss is well-known as a trial lawyer in securities class action lawsuits. Professor Grundfest is quoted:

“It’s a situation where it appears that there has been fraud in pursuit of fraud,” said Joseph A. Grundfest, a former commissioner of the Securities and Exchange Commission who is now a law professor at Stanford University. “And just like mom explained that two wrongs don’t make a right, it follows both that corporate executives shouldn’t lie and the lawyers suing them shouldn’t steal. What’s complicated about that?”