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Judge Orders Former HealthSouth Chief to Pay $2.8 Billion to Shareholders

Posted Jun 18 2009 10:44pm

In the case he was acquitted of criminal charges, but the civil penalty is due and payable.  When I read stories of such it really does begin to settle in to my mind how closely related Wall Street and Healthcare seem to be.  BD

BIRMINGHAM, Ala. (AP) -- An Alabama judge has ordered former HealthSouth CEO Richard Scrushy to pay about $2.8 billion to shareholders image 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. 

  image

Scrushy was acquitted in a federal criminal case over the fraud and testified in the state civil case that he knew nothing about it

Judge Orders Former HealthSouth Chief to Pay $2.8 Billion - NYTimes.com

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