Examlex
Which of the following resulted in a federal law passed in 1995 that significantly reduced potential damages in securities-related litigation?
Future Events
Prospective occurrences or situations that have not yet happened but may affect an entity's operations or financial performance in subsequent periods.
Contingent Liability
A potential financial obligation that may occur in the future depending on the outcome of a specific event.
Lawsuits
Legal actions or proceedings brought by one party against another for enforcing or defending a legal right.
Known Liabilities
Obligations or debts of a business that are quantifiable and for which the entity is certain about the amount and timing of payment.
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