The Private Securities Litigation Reform Act of 1995 reduced potential damages in securities-related litigation, but because the act applied only to federal courts, attorneys began taking cases to state courts. Which of the following eliminated this loophole?
A) Private Securities Litigation Reform Amendment
B) Securities Litigation Uniform Standards Act of 1998
C) Racketeer Influenced and Corrupt Organization Act
D) U.S. Securities Claims Reform Act
Correct Answer:
Verified
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