UPDATE 1-State Farm $1.06 bln Illinois judgment reversed


(New throughout, adds byline) By Jonathan Stempel 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 case alleging the company used unsafe parts to repair damaged vehicles. The court voted 6-0 that the trial court erred in giving the case class-action status. A 4-2 majority also found that plaintiffs failed to establish damages in the case that affected about 4.7 million ...

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