Word: alabama
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...billion line of credit, to the West Coast, where the California Public Employees Retirement System was considering an investment. The closest Cohen--"a movie fan but a Hollywood rube"--had ever come to a movie studio was when he worked as a civil rights lawyer in Lafayette, Alabama, which had been used as a location for Mississippi Burning. Now here he was, having lunch with Ressner and the DreamWorks principals on the Universal...
...spent the day downplaying reports that he said four more Senate Democrats will retire next year, leaving a threatening seven seats open toGOP challengesin 1996. In Thursday's editions of the Capitol Hill newspaper Roll Call, Kerrey was quoted as naming Sens. Sam Nunn of Georgia, Howell Heflin of Alabama, Claiborne Pell of Rhode Island and David Pryor of Arkansas as potential retirees. Today, Kerrey demurred: "There are additional members who have not decided whether or not they're going to run for re-election." Pell, 76, said he hadn't yet decided. Nunn, 56, has $1.3 million...
...House of Representatives voted for legal-reform measures as part of a Republican pledge to stanch the tide of frivolous lawsuits and to rein in society's litigious ways, the anecdotal evidence of the reformers' nightmares was nowhere stronger than in Barbour County. Last year juries in Alabama awarded $200 million in punitive damages, some of it in cases where actual loss was minuscule compared with the damages. "Alabama is off the charts," said George Priest, a Yale University professor of law and economics. "Lawsuits used to be about restitution. Now Jere Beasley goes into court and not only gets...
Opposing the legislation was the 60,000-member Association of Trial Lawyers of America, which characterized the reforms as "propped up by distortion and lies." In Alabama, Beasley said, with protection like this his vanquished foes "would have clicked their heels and chirped like larks." Ralph Nader was a particularly vociferous opponent. Nader said only $3 billion annually passes from losers to winners in insured payouts when companies are sued, pointing out that $3 billion is less than a year's profits for many large companies-Ford or GM, say. "Pick any company," said Nader. "There's more in profits...
Ammunni Bala Subramanian Auburn, Alabama...