Regions Says 2nd Circ. Opinion Kills Ala. Fraud Suit

Law360, New York (September 1, 2011, 1:28 PM EDT) -- Regions Financial Corp. on Wednesday said a district court ruling denying its motion to dismiss a shareholder class action in Alabama conflicted with the Second Circuit's affirmation of a dismissal in a similar case over its 2006 purchase of AmSouth Bancorp.

In its second motion for reconsideration since the June 7 ruling by U.S. District Judge Inge Prytz Johnson, Regions said the 231 paragraphs in the operative amended complaint in the Alabama case were “verbatim identical to the allegations” in the 249 paragraphs that the Second...
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