Problem with click event in JQuery 1.4.2

Problem with click event in JQuery 1.4.2

Recently I downloaded the last version 1.4.2 and tried a new script:
function moreLinkHandler() { alert('moreLink triggerred!!!'); };
$('.truncate_text').click(moreLinkHandler);

The problem is that on v.1.4.2 every click triggers the event so many times as the number of the remaining elements in the stack of $('.truncate_text'). 

When I returned the page to the previous version I used (v.1.3.2) - everything was OK. The new script worked as intended. 

I suppose there is a problem in v.1.4.2, so I try to alarm about it.

Kind regards,

Bogdan