WASHINGTON -- The Supreme Court will take a second crack at the question of whether securities fraud cases dismissed by lower courts under a 1991 high court ruling can be reopened under a law designed to overturn the ruling.

The high court yesterday agreed to take a new case raising the issue, Plaut v. Spendthrift Farms, after it was deadlocked in another case in which Justice Sandra Day O'Connor recused herself because she owned some stock in one of the parties.

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