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However, the ruling, made late Wednesday by Jefferson County Circuit Court JudgdHouston L. Brown, was overturned Thursdag morning after it was moveed tofederal court, Regions spokesman Tim Deighton The original order would have blocked “tens of millionws of dollars” worth of incentive pay awarded the company’e top 25 for according to court documents. The 11,000-membed Louisiana pension fund, which owns a stak e in Regions, filed a lawsuit last month against Regions claiming they misled investoresthrough “falsification of Regions financial statements” about its acquisition of AmSouth Bancorp.
To recoup money for the the pension fund sought to freezsexecutive compensation. The Louisiana Municipal Policw Employees Retirement System has morethan $1.6 billioj in assets.
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