SEATTLE, Oct. 10, 2008 (GLOBE NEWSWIRE) -- Keller Rohrback L.L.P. (http://www.erisafraud.com) announces that the Honorable Samuel H. Mays, Jr. recently consolidated the Regions Morgan Keegan ERISA cases filed on behalf of the participants and beneficiaries of the Regions Financial Corporation 401(k) Plan, the AmSouth Bancorporation Thrift Plan and the Morgan Keegan & Company Revised Profit Sharing and Retirement Plan (the ``Plans''). The Court also appointed Keller Rohrback L.L.P. and Stember Feinstein Doyle & Payne, LLC as Interim Co-Lead Counsel for the proposed Class.

In re Regions Morgan Keegan ERISA Litigation is currently pending in the United States District Court Western District of Tennessee. The litigation is on behalf of a Class of all persons who were participants in or beneficiaries of the Plans whose accounts included investments in Regions Financial Corp. (NYSE:RF - News) common stock and/or whose accounts included investments in the Regions Morgan Keegan Select Funds (``RMK Select Funds''), which underperformed and had high fees, and/or whose accounts included investments in the RMK Select Intermediate Bond Fund or the RMK Select High Income Fund (``RMK Bond Funds''), which lost substantial value because of over investment in high risk asset and mortgage backed securities and CDOs.

Plaintiffs allege that during the Class Period, Defendants breached their fiduciary duties to the Plans' participants and beneficiaries by: (1) failing to prudently and loyally manage the Plans' assets held in Regions common stock; (2) failing to prudently and loyally manage the Plans' assets held in the RMK Select Funds and/or the RMK Bond Funds; (3) failing to provide complete and accurate information to the Class; (4) failing to monitor fiduciaries; (5) co-fiduciary liability; and (6) engaging in prohibited transactions.

If you are a participant or beneficiary in the Regions Financial Corporation 401(k) Plan, the AmSouth Bancorporation Thrift Plan or the Morgan Keegan & Company Revised Profit Sharing and Retirement Plan, and held Regions stock and/or were invested in the RMK Select Funds and/or one of the RMK Bond Funds in your Plan account and have information relevant to this matter or wish to obtain information about the case, you may contact paralegal Jennifer Tuato'o or attorneys Derek Loeser, Lynn Sarko, Margie Wetherald or Erin Riley toll free at (800) 776-6044, or via e-mail at investor@kellerrohrback.com.

Keller Rohrback is one of America's leading law firms handling ERISA retirement plan litigation. We are committed to helping employees and retirees protect their retirement savings. Keller Rohrback serves as lead and co-lead counsel in numerous ERISA class action cases, including cases against Enron, WorldCom, Inc., Marsh & McLennan, Merrill-Lynch and Washington Mutual. Keller Rohrback has successfully provided class action representation for over a decade. Its trial lawyers have obtained judgments and settlements on behalf of clients in excess of seven billion dollars.

Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.

          Keller Rohrback L.L.P.
          Jennifer Tuato'o, Paralegal
          (800) 776-6044
          investor@kellerrohrback.com 
          www.erisafraud.com