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: Point of LawConferees on financial reform reject Stoneridge amendment
By Carter Wood
From Reuters, "(Reuters) - Senators on Wednesday beat back a House measure giving shareholders the power to sue third parties such as banks and accountants not directly involved in securities fraud."
Sen. Chris Dodd (D-CT) insteades won support for a GAO study of securities fraud and the effects of the Stoneridge v. Scientific Atlanta ruling. See also Dow-Jones, earlier POL post.
Full post as published by Point of Law on June 17, 2010 (boomark / email).
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