Regions Can't Escape Investor Action Over AmSouth Buy

Law360, New York (September 7, 2011, 4:38 PM EDT) -- Regions Financial Corp. on Tuesday failed in its third bid to dismiss a shareholder class action in Alabama federal court over its 2006 purchase of AmSouth Bancorp.

U.S. District Judge Inge Prytz Johnson refused to reconsider a June 7 ruling denying Regions' motion to dismiss the suit, saying that the bank had failed to cite any provisions in the Federal Rules of Civil Procedure "allowing for continual filing of motions for reconsideration."

The order comes just a few days after Regions' Aug. 31 second motion for...
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