Sean Griffith was quoted in a Bloomberg BNA piece about his participation in settlements of shareholder litigation.
Sean Griffith, a professor at Fordham University School of Law, has bought small amounts of stocks in companies involved in deals so he and his students can track litigation and settlements. He objected to the Riverbed settlement, and while his status as an objector was approved, his opposition was rejected.
His involvement is quite literally academic. He thinks the Riverbed opinion, coupled with the Trulia hearing, suggests the litigation game has changed.
“Going forward there shouldn’t be an expectation of approval,” he said in an interview. “There will no longer be a rubber stamp of these settlements.”