Three key Supreme Court decisions, including one rejecting liability for lawyers, accountants and bankers who aid and abet in the violation of securities laws, survived attempts to overturn them during the Senate's consideration of landmark financial reform legislation. Despite support from a coalition of consumer, investor, labor and other groups, an amendment targeting two of the decisions failed to reach a vote before the lawmakers moved Thursday night to halt cloture debate and take a final vote on the reform bill.
Supreme Court Decisions Survive Senate Action on Financial Reform
The National Law Journal
May 21, 2010