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Thanks To Subprime Woes, Securities Class Actions Are Up

Publication Date: 
December 21, 2007
The Wall Street Journal Law Blog
Peter Lattman

Professor Joseph A. Grundfest is quoted in the Wall Street Journal Law Blog about the increase in securities class-action litigation due to the sub-prime lending crisis:

Big business can take solace in the fact that the filings are still below the ten-year historical average of 186 cases, according to the Stanford/Cornerstone study. And subprime cases may be “a one-time event that you don’t expect will reoccur,” says Stanford Law’s Joe Grundfest.