For over twenty years, the Inspector General has recommended that Congress close the loop-hole in the federal law applicable to pensions, ERISA, that allows this state of affairs to persist.

FORBES: Pension Red Alert: 70% Of Pensions Are Never Audited

Because the discussion regarding materiality in a federal securities fraud action are also applicable in the main to fraud claims alleged under the common law, the state blue sky laws, or other anti-fraud federal and state statutes, the discussion of materiality will not treat the latter separately.

CENTERFORSECURITYPOLICY: Shariah��s Black Box

M. resident, helped push a law giving studios a 15% rebate on their direct production costs in the state, applicable to the salaries of electricians--or big-budget stars.

FORBES: Stars in Their Eyes