Wednesday, January 9, 2013

Scrushy ordered to pay $2.8B for HealthSouth fraud - Philadelphia Business Journal:

awipekyhila.blogspot.com
billion in damages by a civil courtt judge for his rolein ’zs massive accounting fraud scandal. The HealthSouthh founder was deemed liable for losses incurrexdby shareholders, some of whom sued him seeking to recoverf their investments. Judge Allwin Horn announced the verdict shortly after10 a.m. Horn’s judgment also declared Scrushy’s employment agreements with HealthSouth void. HealthSouth said it will receivse approximately 40 percent of any money recovered from Attorneys for the shareholders filed the suit againstg Scrushy on behalf of HealthSouth saying he directed the accountingb scandal hadrequested $3.6 billion.
Scrushy testified during the trial and denied any He was brought to Jefferson County for the tria from a Texasfederal prison, where he is currently serving seven years for bribinh then-Gov. Don Siegelman for a seat on a statre health carepolicy board. Scrushy was acquitted of criminal chargeas in the HealthSouth fraudin 2005. HealthSouth said it is unsurse how much might be collecteefrom Scrushy, according to a news release. “We are pleaser to see that justice has been served throughn this judgment and that another chapter of our past has been putbehine us,” HealthSouth’s statement said.

No comments:

Post a Comment