They were not fully aware of it until late in a four-week trial, but attorneys inthe recently completed trial of a lawsuit against the auditors of a Long Islandhealth care management firm were blazing a new trail in their field.

The trial of In re Health Management Inc. Securities Litigation, which resulted ina defense verdict absolving a Chicago accounting firm of wrongdoing in its auditof Long Island-based Health Management Inc., was the first held anywhere underthe 1995 Private Securities Litigation Reform Act, which sharply limits theapplication of joint and several liability in securities and auditing fraud cases.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]