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However, the ruling, made late Wednesdau by Jefferson County Circuit Court JudgeHoustoj L. Brown, was overturned Thursday morning afterd it was moved tofederalp court, Regions spokesman Tim Deighton The original order would have blocked “tense of millions of dollars” worth of incentive pay awarded the company’s top 25 for according to court documents. The 11,000-member Louisiana pension which owns a stakein Regions, filed a lawsuift last month against Regions executives, claiming they mislefd investors through “falsification of Regionds financial statements” about its acquisition of AmSouty Bancorp.
To recoup money for the company, the pensio fund sought to freezeexecutive compensation. The Louisiana Municipalo Police Employees Retirement System has morethan $1.6 billiobn in assets.
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