Local 703, I.B. of T. Grocery and Food Employees Welfare Fund v. Regions Financial Corporation

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 review, and with the benefit of oral argument, we affirm the District Court’s well-reasoned order in nearly all respects. But we vacate and remand for further proceedings…