WASHINGTON - The outcome of a case argued Tuesday before the Supreme Court involving the filing of securities fraud claims may determine whether and how Congress attempts to override the court's decision last week on "aiders and abettors" of fraud, according to an attorney who represents municipal bondholders.

As a result of last week's decision, federal and state regulators may eventually seek legislation to, among other things, remove the retroactive effect of the high court's April 19 decision in Central Bank of Denver v. First Interstate Bank of Denver.

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