31. Sen. Richard H. Bryan, D-Nev., proposed extending the statute of limitations for lawsuits against corporations in stock fraud cases. 32. Stock fraud is so profitable it is attracting a new and more violent breed of criminal. 33. Stock fraud has become so profitable that crooks are turning to violence to protect their turf, law enforcement officials contend. 34. The arrests are the most ever in a stock fraud case. 35. The act made it harder to win stock fraud lawsuits in federal court. 36. The bill, called the Securities Litigation Clarification Act, is backed by Silicon Valley firms which are often sued for stock fraud when their shares drop sharply. 37. The charges said the fraud was tied to a previous indictment of six men, among them a former SEC lawyer, on stock fraud charges in October. 38. The original trial was one of the highest-profile stock fraud cases ever prosecuted in Silicon Valley. 39. The PairGain employee was arrested this month and charged with stock fraud. |