Regions Financial Corp. overinvested employees' retirement money in its own stock despite knowing of its exposure to the sub-prime real estate meltdown, workers claim in a class-action ERISA complaint in Birmingham, Ala., Federal Court.
Class-action complaints alleging Labor Code violations have been filed against these defendants: CVS Caremark Corp., Naked Juice Co. of Glendora, and Ziprealty, in Los Angeles Superior Court; Zamora Automotive Group, in Sacramento Federal Court; Pacific Fresh Sea Food Co., in Sacramento Superior Court; and Telesis dba Aeropoint Delivery Solutions, in Dallas Federal Court.
Subscribe to Closing Arguments
Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.