But Joseph Grundfest, a professor of law and business at Stanford University, says the commission doesn't pursue such firms very aggressively.
FD, according to an analysis by Stanford University law professor Joseph Grundfest.
For whatever reason, the decline was likely permanent--so said Joseph Grundfest, a Stanford Law School professor and expert on securities class actions, last year.
Joseph Grundfest, a former member of the commission who now teaches at Stanford Law School, said the SEC is bowing to reality in blessing social media.
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That is the conclusion of Joseph Grundfest, a securities class-action expert, professor of law and business at Stanford Law School and former commissioner at the Securities and Exchange Commission.
Joseph Grundfest, a Stanford law professor and former SEC commissioner, wrote a paper earlier this year warning the commission to drop the case against Netflix or risk constitutional challenges.
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"There's little if any evidence that they try to negotiate a better price, " says Joseph Grundfest, a professor at Stanford Law School who runs the Stanford Securities Class Action Clearinghouse.
"A large part of the recent boom in litigation has been driven by lawsuits against financial institutions, " says Joseph Grundfest, a Stanford Law professor and director of the Securities Class Action Clearinghouse.
Since then, says Joseph Grundfest, a law professor at Stanford University and former commissioner on the Securities and Exchange Commission, directors have realised that failure to sack a bad boss is bad for their own reputation.
Joseph Grundfest, a law professor at Stanford University who is an expert on corporate governance, said that "management can, for entirely legitimate reasons, change its mind as long as it hasn't made a binding commitment" to return the cash to shareholders.
Joseph Grundfest, a professor at Stanford Law School and a former SEC commissioner, points out that the rule in question states very clearly that a fund such as the one Goldman has in mind should be treated as a single shareholder.
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