Winstein And Kavensky
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Appeals court flattens shareholders' suit vs Caterpillar execs for misbegotten Chinese deal
A Chicago federal appeals panel has upheld a decision by a downstate federal judge, who gave no traction to a lawsuit brought by a pair of Caterpillar shareholders over Caterpillar executives' allegedly ill-advised decision to buy a Chinese company, saying the company officers acted in what they believed to be Caterpillar's best interests.