The Litigation Reform Act of 1995 Was Passed Because Of

question 16

Multiple Choice

The Litigation Reform Act of 1995 was passed because of:

• A) congressional concern over an excess of frivolous private securities lawsuits.
• B) the financial burdens placed on accountants and other professional advisors due to an excess of frivolous private securities lawsuits.
• C) concern that the investors in a class action lawsuit have their interests fairly represented.
• D) all of the above.

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Definitions:

Standard Operating Procedure

A set of written instructions that document a routine or repetitive activity followed by an organization.

Routine Servicing

Regular maintenance or checks to ensure that systems, machines, or vehicles are operating efficiently and safely.

Solution Implementation

The process of executing a plan or method to solve a problem or address a specific need.

Monitor

To observe or check something over a period of time for the purpose of tracking its progress or quality.