WASHINGTON -- The Senate yesterday approvjed an amendment to bank rescue legislation that would exempt pending securities fraud cases from the Supreme Court's recent decision limiting the time investors have to file actions in federal courts.

Only cases filed after the high court's June ruling in Lampf v. Gilbertson would be covered by the decision, which stated that any litigation brought by private investors under the antifraud provisions of the federal securities laws must be initiated without one year of the discovery of the violation and no more than three years after the violation occurred.

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