Which of the Following Statements Is True of the Private

Multiple Choice

Which of the following statements is true of the Private Securities Litigation Reform Act of 1995?

A) It made it easier for plaintiffs to bring class action securities lawsuits.
B) It replaces proportionate liability with joint and several liability.
C) It results in the accountant being the "deep pocket" defendant regardless of the accountant's degree of fault.
D) It allows joint and several liability to be imposed if the defendants acted knowingly.