Private securities litigation Act is passed by Congress in the year of 1995 to verify and stop the filling of unwanted securities lawsuits while Securities Litigation Uniform Standards Act of 1998 is the legislative act in the U.S concerning securities fraud regarding the private class-action lawsuit. The most significant component of Private securities litigation Act of 1995 and Securities Litigation Uniform Standards Act of 1998 concerning T v. M lawsuit. And to explain whether the ruling makes it easier or harder to hold auditors liable for fraud.

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Chapter 20, Problem 20.8RQ

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Introduction: Private securities litigation Act is passed by Congress in the year of 1995 to verify and stop the filling of unwanted securities lawsuits while Securities Litigation Uniform Standards Act of 1998 is the legislative act in the U.S concerning securities fraud regarding the private class-action lawsuit.

The most significant component of Private securities litigation Act of 1995 and Securities Litigation Uniform Standards Act of 1998 concerning T v. M lawsuit. And to explain whether the ruling makes it easier or harder to hold auditors liable for fraud.

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