A coalition of interest groups that unsuccessfully fought securities fraud legislation in 1995 has been reunited by a fever for reform that has gripped Wall Street watchdogs since revelations of financial misdeeds at Enron Corp. surfaced last year.
What they want should make any big firm stand up and take notice: the restoration of aiding and abetting liability for lawyers and accountants, a move that would expose outside professionals to the aggressive securities fraud plaintiffs bar in the hopes of keeping the lawyers and accountants honest.
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