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.
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