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Coalition to Eliminate Abusive Securities Suits
A tort-reform operation of the US financial world aiming to limit the payout for corporate frauds.
1991 A tort-reform front established by the Big Six accounting firms along with invetment banks, high-tech companies, corporate directors amd other frequent targets of securities-related litigation.
1992 Each of the Big Six put in $2 million to promote litigation reform legislation.
Much of this, and other accounting funds, found its way to the campaigh funds of sympathetic Senators.
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