State Farm $1.06 bln Illinois judgment reversed


NEW YORK, Aug 18 (Reuters) - Illinois' Supreme Court on Thursday reversed a $1.06 billion judgment against State Farm Mutual Automobile Insurance Co. in a closely watched class-action lawsuit. The state's highest court determined that a lower court erred in certifying a nationwide class, and also that the plaintiffs failed to establish damages. The ruling, in what is known as the Avery case, may be significant for Altria Group Inc. . Analysts have said issues in the State Farm case ...

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