BW wins appeal

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A federal appeals court today said a lower court was wrong to bar Business Week from publishing documents related to Procter & Gamble Co.'s suit against Banker's Trust Co. P&G was suing to recover losses from derivative investments. BW eventually published the documents, but appealed the original decision, arguing that it set a dangerous precedent for media gag orders. The Court of Appeals in Cincinnati ruled 2-1 that BW should be able to use the documents because their publication would not have threatened government interests.

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