Few insights into the problem.
(1) DSP based mouse use chip to control freeze delay between individual click, if mouse is new this could be a manufacturing defect.
(2) As mouse ages, return spring of click button loses stiffness and bounces under clicks and thus produces several clicks for one.
Open mouse replace click sensors on PCB by desoldering, switching places of sensors and resoldering.
(1) Go to control Panel> Mouse >Double Click Speed and drag the slider to the middle between Slow and Fast.
(2) Download Utility MouseFix version 1.0 http://www.mediafire.com/?2cr4157s0rtnm44
(3) If rebinds keys and fixes double clicking, you can also use Left Shift as mouse click using this utility, Right Shift remains the same.