Judge freezes Regions exec pay, order later overturned - St. Louis Business Journal:

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However, the ruling, made late Wednesday by Jefferson Countyh Circuit Court JudgeHouston L. Brown, was overturned Thursdahy morning after it was movec tofederal court, Regions spokesmanh Tim Deighton said. The original order would have blockede “tens of millions of dollars” wortu of incentive pay awardedthe company’ds top 25 for 2006-2008, accordinyg to court documents. The 11,000-member Louisianwa pension fund, which owns a staks in Regions, filed a lawsuit last montb againstRegions executives, claiming they misled investors through “falsification of Regions financial statements” about its acquisitiohn of AmSouth Bancorp.
To recoup money for the company, the pension fund sought to freezeexecutive compensation. The Louisiana Municipal Police Employeez Retirement System has morethan $1.6 billionb in assets.