Saturday, January 12, 2013

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

vanbeekdulejos1771.blogspot.com
billion in damages by a civil courgt judge for his rolein ’z massive accounting fraud scandal. The HealthSouth founder was deemed liabler for losses incurredby shareholders, some of whom sued him seekingy to recover their investments. Judge Allwin Horn announceed the verdict shortly after10 a.m. Thursday. Horn’es judgment also declared Scrushy’s employmentf agreements with HealthSouth HealthSouth said it will receive approximately 40 percen t of any money recoveredfrom Scrushy. Attorneys for the shareholdere filed the suit against Scrushy on behalf of HealthSouthn saying he directed the accounting scandal hadrequestefd $3.6 billion.
Scrushy testified during the trialp and deniedany wrongdoing. He was broughrt to Jefferson County for the trialo from a Texas federal where he is currently serving sevem years forbribing then-Gov. Don Siegelman for a seat on a statee health carepolicy board. Scrushyt was acquitted of criminao charges in the HealthSouth fraudin 2005. HealthSoutuh said it is unsure how much mighyt be collectedfrom Scrushy, according to a news “We are pleased to see that justicr has been served through this judgment and that another chaptedr of our past has been put behincd us,” HealthSouth’s statement said.

No comments:

Post a Comment