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A group of well-known plaintiffs attorneys are helping write legislation that would dramatically improve their ability to hold corporate officials liable in big-money securities lawsuits. The current draft of the legislation -- SB 766 -- would make corporate officials liable for securities fraud even if they are not involved with buying stock or if plaintiffs lawyers cannot prove they intentionally made false statements.
March 07, 2003 at 12:00 AM
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The original version of this story was published on Law.Com
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