Along with the rumored efforts at rolling back SarBox after the November 7th elections comes similar scutttlebut that class action litigation will also be going under the knife. Predictably, plaintiff attorneys are incensed at the suggestion.

Now, securities litigation is something I'm more than a little familiar with, having worked probably a hundred plus of these cases as an investigator (primarily from the plaintiff side - full disclosure). I can say without hesitation that the number of cases in which we found no evidence of impropriety I can count on one hand. Take that for whatever its worth.

Read on for details on the rumored changes., including comments from several prominent attorneys.

-- MDT