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Short Take: Clinton endorses House securities litigation bill

Rep. Anna Eshoo (D-California) said President Clinton has officially endorsed the Securities Litigation Uniform Standards Act, her bill to impose "uniform standards" regarding shareholder lawsuits filed in state courts against high-tech companies with volatile stock prices. The Senate Banking Committee is scheduled to mark up the bill.

    Rep. Anna Eshoo (D-California) said President Clinton has officially endorsed the Securities Litigation Uniform Standards Act, her bill to impose "uniform standards" regarding shareholder lawsuits filed in state courts against high-tech companies with volatile stock prices. The Senate Banking Committee is scheduled to mark up the bill.