HealthSouth ex-CEO ordered to pay shareholders $2.9 billion
Friday, June 19, 2009 - 02:07
in Mathematics & Economics
The ruling by an Alabama judge stems from an investor suit alleging Richard Scrushy was involved in years of overstating the company's earnings and assets. A state judge on Thursday ordered former HealthSouth Corp. Chief Executive 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.