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For Lawyers, No Shortage of Work Expected in Wake of Tumult

Publication Date: 
September 20, 2008
The Wall Street Journal
Nathan Koppel

Professor Joseph A. Grundfest is quoted and the Securities Class Action Clearinhouse is referenced in a Wall Street Journal article about likely securities lawsuits in the wake of the recent collapse of Wall Street investment banks:

Even if it is tougher to win, securities-fraud suits will be bountiful. More securities-fraud class actions were filed against financial-services companies in the first half of 2008 than in all of 2007, according to a report by Cornerstone Research and Stanford Law's Securities Class Action Clearinghouse. In fact, legal experts predict "litigation within litigation" as plaintiffs' firms battle over who will gain the upper hand in pursuing corporate targets. "There will be a lot backroom bickering and dickering" for control," says Joseph Grundfest, a Stanford law professor and former commissioner of the Securities and Exchange Commission.