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2nd Circ. Nixes Fraud Action Over Regions-AmSouth Deal

By Pete Brush (August 23, 2011, 2:28 PM EDT) -- The Second Circuit on Tuesday affirmed the dismissal of a securities class action against Regions Financial Corp. over its 2006 purchase of AmSouth Bancorp., ruling that statements Regions made about the target's assets were merely opinions and not knowingly false....

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