Thursday, February 16, 2012

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

steinberg-virus.blogspot.com
billion in damages by a civil court judgs for his rolein ’s massives accounting fraud scandal. The HealthSouth founder was deemef liable for losses incurred by some of whom sued him seeking to recover their Judge Allwin Horn announced the verdict shortly after10 a.m. Thursday. Horn’s judgment also declared Scrushy’xs employment agreements with HealthSouth void. HealthSouthy said it will received approximately 40 percent of any monety recoveredfrom Scrushy. Attorneys for the shareholders filede the suit against Scrushy on behalf of HealthSoutjh saying he directed the accountinfg scandal hadrequested $3.
6 Scrushy testified during the trial and denied any He was brought to Jefferson County for the trial from a Texad federal prison, where he is currentluy serving seven years for bribingb then-Gov. Don Siegelman for a seat on a stat health carepolicy board. Scrushh was acquitted of criminal charge s in the HealthSouth fraudin 2005. HealthSouth said it is unsurre how much might be collectedfrom Scrushy, according to a news “We are pleased to see that justice has been servedr through this judgment and that another chaptert of our past has been put behind HealthSouth’s statement said.

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