Regions Investor Class Wins Cert. In Stock Inflation Suit
U.S. District Judge Inge Prytz Johnson certified a class of shareholders who say they suffered losses because they bought Regions shares at artificially inflated prices between February 2008 and January 2009.
The shareholders allege that, due to Regions’ shoddy internal controls, it was not until the bank came under increased scrutiny after its October 2008 government bailout that it admitted...
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