LaFace used to be L.A Reid and Babyface's record label back in the day. They had Usher, Toni Braxton and TLC as some of their biggest acts.
They split quite a while ago, Ciara joined Epic and Usher went to RCA.
I think all signs are pointing to L.A Reid and have been for a while.
Alex was dropped from Epic not long before L.A took over, she has that connection with the label, so maybe it is possible. L.A is desperate though, most of his acts have been flopping under Epic, save for a small number. But either way, it could be great for Alex as they aren't a bad label.