UNION SPRINGS – A lawsuit that originally resulted in a $122 million verdict against General Motors was settled out of court Friday as attorneys prepared for new trial in the case.

UNION SPRINGS, Ala. (AP) – A lawsuit that originally resulted in a $122 million verdict against General Motors was settled out of court Friday as attorneys prepared for new trial in the case.

ANNISTON, Ala. - When the lawyers arrived in Anniston, joy spread like shivers from one front porch to the next.

Apr. 12 –ANNISTON, Ala. – David Baker helped persuade powerful lawyers some years ago to represent thousands of people possibly harmed by toxic PCB contamination form a nearby chemical plant. He also recruited dozens of the plaintiffs.

A Montgomery, Ala., judge slashed a jury verdict Exxon Mobil Corp. to $3.5 billion from $11.8 billion to bring it closed in line with U.S. Supreme Court guidelines.

NASHVILLE, TENN. – Bershire Hathaway Inc.’s General Re Corp. conspired to fool regulators into allowing a failing insurance firm to stay in business, according to a $1 billion (U.S.) fraud lawsuit by the Tennessee insurance commissioner.

Stamford- based General Reinsurance Corp., a reinsurance company owned by billionaire Warren Buffet’s Berkshire Hathaway Inc., is under legal fire for its alleged role in the collapse of five companies.

A lawyer leading the civil prosecution of those alleged to have caused the collapse of five US liability insurers has described the case as the insurance industry’s Enron, write Richard Banks.

Tennessee Insurance Commissioner Paula Flowers, Acting as liquidator for three failed malpractice insurance firms, has filed suit in U.S. District Court seeking to recover damages on behalf of the companies’ more than 50,000 former policyholders.

Tennessee Insurance Commissioner Paula Flowers has filed a lawsuit in U.S. District Court against Richmond, Va. – based Reciprocal of America and its network of companies and two reinsurance companies on behalf of three failed malpractice insurance firms.