LOCAL 703 v. REGIONS FINANCIAL CORP.

No. 12-14168.

762 F.3d 1248 (2014)

LOCAL 703, L.B. OF T. GROCERY & FOOD EMPLOYEES WELFARE FUND, individually and on behalf of all others similarly situated, Employees' Retirement System of the Virgin Islands, Lead Plaintiff, et al., Plaintiffs-Appellees, Plaintiffs' Liaison Counsel, Plaintiff, v. REGIONS FINANCIAL CORPORATION, C. Dowd Ritter, et al., Defendants-Appellants.

United States Court of Appeals, Eleventh Circuit.

August 6, 2014.


Attorney(s) appearing for the Case

Joseph David Daley , Eric Alan Isaacson , Matthew Isaac Alpert , Andrew Joseph Brown , Tricha L. McCormick , Robbins Geller Rudman & Dowd, LLP, San Diego, CA, Patrick C. Cooper , James S. Ward , Ward & Wilson, LLC, Birmingham, AL, for Plaintiff-Appellees.

Maibeth J. Porter , John Norman Bolus , Richard Jon Davis , Maynard Cooper & Gale, PC, Birmingham, AL, Julian D. Butler , Sirote & Permutt, PC, Huntsville, AL, for Defendant-Appellants.

Before PRYOR and MARTIN, Circuit Judges, and HONEYWELL, District Judge.


MARTIN, Circuit Judge:

Regions Financial Corporation and the individual defendants (collectively, "Regions") appeal from the District Court's decision to certify a class action based on alleged misrepresentations about Regions's financial health before and during the recent economic recession. Regions argues that the District Court should not have certified the class, and that the class period is not justified. After careful...

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