The Litigation Reform Act of 1995 provides for proportionate liability, as opposed to joint and several liability, for defendants who are found not to have knowingly committed a violation of the security laws.

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The Litigation Reform Act of 1995 does provide for proportionate liability for defendants who are found not to have knowingly committed a violation of the security laws. This means that they will only be liable for the portion of damages that corresponds to their level of responsibility, rather than being jointly and severally liable for the entire amount of damages.

The Litigation Reform Act of 1995 Provides for Proportionate Liability