by Bruce Angiolillo taking innovation. Business and some government leaders spoke of the need to reform the securities laws as a matter of life and death for companies in the high-technology sectors. See S. Walsh, “House Overrides Veto of Securities Bill; Senaat May Vote Today on Frivolous Shareholders Lawsuits,” Wash. Post, Dec. 21, 1995, at A20. In the fall of 1995, the political stars aligned. A consensus emerged in Congress reflecting American public opinion that there should be some reining...