CINCINNATI, March 5, 2008 (PRIME NEWSWIRE) -- The class action Cincinnati law firm of Statman, Harris & Eyrich, LLC announces it is continuing its investigation of Regions Financial Corporation (NYSE:RF) ("Regions") for potential violations of the Employee Retirement Income Security Act of 1974 ("ERISA") relating to the Regions Financial Corporation 401(k) Plan (the "Plan").
In particular, this investigation focuses on whether Plan fiduciaries breached their fiduciary duties by failing to prudently manage the Plan's assets by, among other things: (a) offering Regions stock as a Plan investment option, (b) permitting the Plan to be invested in Regions stock when it was imprudent to do so, and (c) encouraging investment in Regions stock by withholding or concealing material business or financial results information from the Plan's participants and beneficiaries.
Current and former employees of Regions Financial Corporation who hold Regions stock in the Regions Financial Corporation 401(k) Plan may have a claim to recover losses in their retirement investment. If you are interested in protecting the value of your investment, you are encouraged to call Jeffrey P. Harris, Esq. or Elizabeth L. Hutton, Esq. at (513) 621-2666 or (888) 876-7881, or contact them via e-mail at jharris@statmanharris.com or ehutton@statmanharris.com without obligation or cost to you.
Statman, Harris & Eyrich, LLC has offices in Chicago, Illinois, Cincinnati, Ohio, and Dayton, Ohio. www.statmanharris.com