Which of the Following Statements Is True of the Private

question 90

Multiple Choice

Which of the following statements is true of the Private Securities Litigation Reform Act of 1995?

• A) It made it easier for plaintiffs to bring class action securities lawsuits.
• B) It replaces proportionate liability with joint and several liability.
• C) It results in the accountant being the "deep pocket" defendant regardless of the accountant's degree of fault.
• D) It allows joint and several liability to be imposed if the defendants acted knowingly.