SalesForce.com is getting sued left and right by investors who feel ripped off post-IPO. Needless to say, this is not a good omen for all of us desperately waiting for the IPO window to open. Pundits have been carping about how the 'problems' with the IPO mechanism have been fixed - this tells investors were expecting a wholly different experience than they got. Caveat emptor is what the Street's defense will be - of course, it's pretty to do that if you've got poor information. The IPO market as a case study in adverse selection? We're getting there fast...