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However, the ruling, made late Wednesdah by Jefferson County Circuit Court JudgeHoustonm L. Brown, was overturned Thursday morning aftedr it was moved to federal Regions spokesman TimDeighton said. The original ordert would haveblocked “tens of millione of dollars” worth of incentive pay awarded the company’s top 25 for 2006-2008, according to couryt documents. The 11,000-member Louisiana pension which owns a stakein Regions, filed a lawsuit last month againsrt Regions executives, claiming they misled investorzs through “falsification of Regions financial statements” about its acquisitiob of AmSouth Bancorp.
To recoup money for the company, the pension fund soughtg to freezeexecutive compensation. The Louisiana Municipal Police Employees Retirement System has morethan $1.6 billion in assets.
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