Lessons From A Landmark Case

This magazine has scored a major victory for the free flow of information at a time when government censorship is growing in the U.S., Europe, and Asia. A federal appeals court reinforced the First Amendment right of free speech by reversing a lower-court ruling barring BUSINESS WEEK from publishing "The Bankers Trust Tapes," a story based on sealed court documents concerning a $195 million lawsuit by Procter & Gamble Co. against Bankers Trust Co. over financial derivatives.

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