Question

Accounting Firm is among several defendants found liable in a private civil action brought by an individual plaintiff under the Securities Exchange Act of 1934. Plaintiff, who has a net worth of $500,000, received a judgment for damages of $1 million. The jury determined that Accounting Firm did not commit a knowing violation of the securities laws but that it was responsible for 10% of the total damages. If Accounting Firm is the only defendant from which plaintiff can recover, it will be liable for 
A. $1,000,000
B. $150,000 
C. $100,000 
D. $50,000



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  • CreatedJanuary 21, 2013
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