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.