Law360, New York (July 11, 2008) -- Regions Bank and an affiliate investment adviser have removed to federal court a pension system's suit that claims they fraudulently promoted a risky open-end fund as safe and allowed the fund to be devastated by last summer's subprime mortgage collapse.
The defendants, both owned by Regions Financial Corp., filed a notice of removal Thursday in the U.S. District Court for the Middle District of Louisiana, transferring the suit there from...
