William A. Jacobson, a Cornell University expert in securities arbitration, says it’s tough to compare the current economic downturn to earlier ones, due to its health-related roots and its wide-ranging scope. Unlike other stock market downturns, such as those related to 9/11 or the financial crisis of 2008, this one will require a longer-term perspective. “We need to remember that this is a marathon, not a sprint,” he says.
Jacobson is clinical professor of law and director of the Securities Law Clinic at Cornell Law School. His areas of expertise include civil litigation and arbitration, concentrating on investment, employment and business disputes in the securities industry.