The class action securities fraud litigation business will continue to shrink and law firms need to respond by shifting resources, said Joseph A. Grundfest, a former SEC commissioner and nationally recognized expert on securities litigation. Grundfest, the W.A. Franke Professor of Law and Business at Stanford Law School, spoke recently in New York City, where he also discussed a pending U.S. Supreme Court case involving "scheme liability" that could have major securities law implications.
June 21, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The class action securities fraud litigation business will continue to shrink and law firms need to respond by shifting resources, said Joseph A. Grundfest, a former U.S. Securities and Exchange commissioner and nationally recognized expert on securities litigation.
“We’re going to have to find other things to do with our time and I think that’s something to be celebrated,” said Grundfest, the W.A. Franke Professor of Law and Business at Stanford Law School.
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