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Wis. Rule Shields Ladish Board From Damages: 7th Circ.

By Keith Goldberg (January 26, 2012, 7:24 PM EST) -- The Seventh Circuit on Thursday refused to revive a putative shareholder class action stemming from Ladish Co. Inc.'s $778 million sale to Allegheny Technologies Inc., saying Wisconsin's business judgment rule doesn't allow an award of damages to shareholders unless they allege willful or intentional misconduct....

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