The "ligitation explosion" over losing investments may have come to an end with the stock rally,...

|By:, SA News Editor

The "ligitation explosion" over losing investments may have come to an end with the stock rally, says Aon Corp. Class-action securities suits in the first nine months fell 20% from the year prior, as stability returned. Not to mention that it's harder to pin losses on particular management teams: “Being collectively stupid is not a basis for a lawsuit," says XL CEO Michael McGavick.