Investor suits decline, can we credit Sarbox?

A Stanford study has found that federal class-action lawsuits filed by investors has dropped to its lowest level since 1996. There are lots of reasons. The market has been rising. Milberg Weiss Bershad & Schulman has been indicted. But Stanford law professor Joseph Grundfest says that improved corporate governance may also be a factor. That doesn't equate to a ringing endorsement of Sarbanes-Oxley, however. He thinks the gains could have been achieved at significantly lower cost.

> Check out The Washington Post article.