Professor Joseph Grundfest discusses the impact SCOTUS’s Halliburton decision has had on on class action cases in 2014 in this Reuters article. 

Investors have wasted no time making high-frequency trading, the subject of Michael Lewis' recent best-selling book “Flash Boys: A Wall Street Revolt,” a focus of securities class-action litigation, according to a study released on Wednesday.

One of 78 federal securities lawsuits seeking class-action status and filed between January and June targets the practice, according to data from Cornerstone Research and the Stanford Law School Securities Class Action Clearinghouse.

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“Had that decision gone the other way, the already low numbers of class action filings would have been even lower, and would likely be trending toward zero,” said Joseph Grundfest, a former commissioner of the U.S. Securities and Exchange Commission who favored overturning the 1988 precedent. He is also a Stanford law professor and director of the clearinghouse.