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Court dismisses shareholder suit against Regions

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Court dismisses shareholder suit against Regions

A court dismissed a shareholder lawsuit against Birmingham, Ala.-basedRegions Financial Corp.on April 5, according to the company's latest Form 10-Q.

The previously dismissed action was refiled in June 2015, andaccused Regions' executive management of mismanagement, waste of corporate assets,breach of fiduciary duty, and unjust enrichment relating to bonuses and other benefits.

On May 5, the plaintiffs filed a motion to reconsider, the companyreported.