Stanford Law School and Cornerstone Research: Securities-fraud class-action suits

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Stanford Law School and Cornerstone Research: Securities-fraud class-action suits

01-05-2010, 01:14 PM

According to the study, issued by Stanford Law School and Cornerstone Research, securities-fraud class-action suits fell 24 percent in 2009 as litigation related to the credit crunch began to dry up. Click here for the report; here for a story from Bloomberg.

“That pig has moved through the python,” Stanford Law School Professor Joseph Grundfest told Bloomberg. “All of the major cases that were profitable have already been filed,” he said. “The pool is in effect fished out.”

Read more:

Is The Golden Era of Securities Class-Action Suits Coming to An End? - WORLD Law Direct Forums
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