Regions Investor Claims Boat Dispute Is Governance Issue

Berry, Kate
May 2013
American Banker;5/16/2013, Vol. 178 Issue 76, p17
Trade Publication
The article reports Regions Financial investor Charles Burnett sent an open letter to shareholders that mentioned his legal dispute with the bank concerning the ownership of a motor yacht and his opposition to giving chief executive officer (CEO) Grayson Hall an additional title of chairman. Brunett also urged stockholders to be selective when choosing board members for re-election at the annual meeting on May 16, 2013. A brief overview of the Rum Runner yacht lawsuit is presented.


Related Articles

  • Regions sued by ex-heads of Ga. banks it acquired. Gillam, Carey // American Banker;4/21/1997, Vol. 162 Issue 75, p1 

    Reports on the lawsuits filed against Regions Financial Corp. by the former presidents of banks it acquired in Georgia in 1996. Claims of mistreatment and denial of severance pay after purchase negotiations; Amount of damages sought by the agreed executives.

  • Ala. Supreme Court Rules for Regions.  // American Banker;10/4/2010, Vol. 175 Issue 152, p11 

    The article reports that the Supreme Court of Alabama has ordered the dismissal of an action brought against Regions Financial Corp. by shareholders of mutual funds operated by that company.

  • Backtracking on Agreements.  // U.S. Banker;Apr2000, Vol. 110 Issue 4, p16 

    Focuses on a lawsuit filed against Birmingham, Alabama-based holding company, Regions Financial Corp. by former employees. Charges that the firm broke its change-of-control agreement; Significance of the case in underscoring the perils of employment agreements given to personnel of acquired...

  • Regions Hires Kate Danella to Wealth Management Post. Peters, Andy // American Banker;8/31/2015, Vol. 180 Issue 135, p0 

    The article announces the appointment of Kate Danella as executive in charge of several wealth management functions for Regions Financial.

  • MARLOW MARINE'S ANNUAL MEMBERS CLUB RENDEZVOUS. Caprio, Dennis // Yachting;Jul2004, Vol. 196 Issue 1, p16 

    Highlights the Marlow Marine's annual member meeting at the Marriott Hutchinson Island Resort and Marine in Stuart, Florida on April 1, 2004.

  • The fury of ex-presidents scorned.  // U.S. Banker;June97, Vol. 107 Issue 6, p12 

    Reports on a lawsuit which was filed against Regions Financial Corporation, by former bank managers of First National Corporation. Fate suffered by the presidents after the bank was was acquired by Regions Financial Corporation; Resignation of the presidents; Allegations that they were stripped...

  • Court Ruling Provides Legal Cover on Estimates, Opinions. Whitehouse, Tammy // Compliance Week;Nov2011, Vol. 8 Issue 94, p10 

    The article reports on the move of the U.S. Court of Appeals for the Second Circuit to upheld the decision of a U.S. district court in the case of Fait vs. Regions Financial Corp. that statements on loan reserves and goodwill cannot be considered false or misleading unless proven by the plaintiff.

  • Regions Settling SEC Charges for $1M.  // American Banker;9/22/2009, Vol. 174 Issue 176, p16 

    The article discusses the business activities of Regions Financial Corp. Regions will be paying a $1 million settlement charge to the U.S. Securities and Exchange Commission due to charges that Regions was involved in fraud victimizing thousands of investors, particularly in Latin America. U.S....

  • Horizons Expanding for Regions Financial As Straight Talk Smoothes the Way.  // Bank Investment Consultant;Sep2000, Vol. 8 Issue 9, p24 

    Discusses the role of proprietary funds company Regions Financial Corp.'s bank representatives in its growth. Problems experienced by the company in 1992; Company's full time wholesaler Lee Cox's contribution to the growth and progress of the company; Advantages of a style specific strategy...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics