Professor Joseph A. Grundfest is quoted in a Legal Newsline story about a report released by Securities Class Action Clearinghouse:

"We continue to witness the dramatic effects of the subprime market meltdown, with half of the filings so far this year linked to the subprime/credit crunch disaster," said Joseph Grundfest, co-director of the Rock Center on Corporate Governance and former U.S. Securities and Exchange commissioner.