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State AGs Urge High Court To Protect Investors

Law360 (June 14, 2007, 12:00 AM EDT) -- Attorneys general in 32 states across the U.S. have banded together to submit a plea to the Supreme Court to “support a healthy securities market” and hold liable accountants, banks, lawyers and others who engage in sham deals that are aided by a company's accounting fraud.

In a case described by one lawyer as “probably the most important legal issue for the securities industry in a generation,” the band of attorneys general has filed a bipartisan brief to the U.S. Supreme Court in support of a...
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