Judge orders Scrushy to pay shareholders $2.8B
BIRMINGHAM, Ala. — An Alabama judge has ordered former HealthSouth CEO Richard Scrushy to pay about $2.8 billion to shareholders due to accounting fraud at the rehabilitation chain.
Circuit Judge Allwin E. Horn ruled Thursday in favor of HealthSouth shareholders who filed a lawsuit claiming Scrushy was involved in a massive accounting fraud that nearly sent the company into bankruptcy.
Scrushy was acquitted in a federal criminal case over the fraud and testified in the state civil case that he knew nothing about it.
Filed under Lawsuit, Legal Proceedings, News | Tags: Ala., Alabama, bankruptcy, Birmingham, Corporate Crime, Corporate Governance, Criminal, fraud, Fraud And False Statements, North America, Personnel, United States, Us-healthsouth-scrushy | Comment Below
Related?
Corporate expert says ex-CEO Scrushy left HealthSouth in a mess after FBI raid uncovered fraudMay 14th, 2009 Testimony: Scrushy left HealthSouth in a messBIRMINGHAM, Ala. — A corporate restructuring expert says fired CEO Richard Scrushy left HealthSouth Corp.
HealthSouth shareholders ask judge to freeze Scrushy's assets during appeal of judgmentJune 19th, 2009 Shareholders ask judge to freeze Scrushy's assetsMONTGOMERY, Ala — Attorneys have asked an Alabama judge to freeze the assets of former HealthSouth CEO Richard Scrushy so they can begin collecting a nearly $2.9 billion judgment against him. An attorney for HealthSouth shareholders said the motion was filed Friday asking Jefferson County Circuit Judge Allwin Horn to stop Scrushy from hiding assets while the case is being appealed.
HealthSouth Corp. accuses ex-CEO Scrushy of hiding money in offshore bank accountsJuly 3rd, 2009 HealthSouth accuses Scrushy of hiding assetsBIRMINGHAM, Ala. — HealthSouth Corp.
Judge orders ex-HealthSouth CEO Richard Scrushy to pay $2.8B to shareholders in fraud caseJune 18th, 2009 Judge orders Scrushy to pay $2.8B to shareholdersBIRMINGHAM, Ala. — A state judge on Thursday ordered former HealthSouth CEO Richard Scrushy to pay about $2.8 billion to shareholders who sued over accounting fraud at the rehabilitation chain.
Judge orders ex-HealthSouth CEO Richard Scrushy to pay $2.9B to shareholders in fraud caseJune 18th, 2009 Judge orders Scrushy to pay $2.9B to shareholdersMONTGOMERY, Ala. — A state judge on Thursday ordered former HealthSouth CEO Richard Scrushy to pay nearly $2.9 billion to shareholders who sued over a massive accounting fraud that nearly sent the rehabilitation chain into bankruptcy.
Ala. judge freezes assets of jailed HealthSouth founder Scrushy after $2.87 billion judgementJune 24th, 2009 Judge freezes assets of jailed HealthSouth founderBIRMINGHAM, Ala. — A judge froze the assets of jailed HealthSouth Corp.
HealthSouth shareholders ask judge to freeze ex-CEO's assets during appeal of $2.9B judgmentJune 20th, 2009 Lawyers seek freeze on HealthSouth ex-CEO's assetsMONTGOMERY, Ala. — Attorneys for HealthSouth shareholders asked an Alabama judge Friday to freeze the assets of former HealthSouth CEO Richard Scrushy so they can begin collecting a nearly $2.9 billion judgment against him.
Former HealthSouth finance chief Tadd McVay ordered to 3 months in federal prison by judgeJuly 1st, 2009 Former HealthSouth executive gets prison timeBIRMINGHAM, Ala. — A former HealthSouth Corp.
