Goldfarb Branham Law Firm LLP Pursuing Shareholder Claims against Regions Financial for Possible Securities Law Violations

Goldfarb Branham LLP is investigating whether Regions Financial Corporation (NYSE: RF) violated the federal securities laws. According to a class action complaint filed in the Northern District of Alabama, the company was operating with significantly overstated goodwill and deficient internal controls from February 27, 2008 to January 19, 2009. Concerned Regions shareholders who purchased before or during that time period are urged to contact securities lawyer Hamilton Lindley at 877-583-2855 or hlindley@goldfarbbranham.com.

"According to the complaint, defendants concealed that Regions’ goodwill was grossly impaired since the AmSouth merger," said securities lawyer Hamilton Lindley. “The company also overstated that Regions was operating with woefully deficient internal controls, resulting in inaccurate and misleading financial disclosures in violation of Generally Accepted Accounting Principles, including improperly reporting its goodwill.”

Goldfarb Branham LLP is investigating a derivative lawsuit against company officers and directors for allowing this to occur. Derivative lawsuits often lead to restored confidence in companies involved in financial scandal and a resulting increase in shareholder value. Concerned shareholders who still hold their shares are urged to contact attorney Hamilton Lindley at 877-583-2855 or hlindley@goldfarbbranham.com to discuss their rights.

Regions Financial (NYSE:RF)
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