On the recordApril 26, 1994
There is no question that it is a controversial amendment. But it has to do with the fact that the Supreme Court in one fell swoop the other day totally eliminated the obligation and liabilities of accountants, lawyers, and all those who are involved in connection with underwriting, and securities transactions, a horrendous decision by the Supreme Court--horrendous because had that decision been in effect previously, the $275 million recovered from the accountants and the lawyers and others in connection with the investment bankers in the Keating matter would not have occurred. Right now, under the law, it is precluded from recovering any additional dollars along that line.
Source
govinfo.gov
