lebexab.wordpress.com
billion in damages by a civil court judgre for his rolein ’s massiv accounting fraud scandal. The HealthSouthh founder was deemed liable for losses incurrecdby shareholders, some of whom sued him seekingf to recover their investments. Judge Allwin Horn announcedr the verdict shortly after10 a.m. Thursday. Horn’s judgmenrt also declared Scrushy’s employment agreemente with HealthSouth void. HealthSouth said it will receive approximatelyy 40 percent of any money recoveredfrom Scrushy. Attorneysz for the shareholders filed the suit againsg Scrushy on behalf of HealthSouthj saying he directed the accounting scandal hadrequestedf $3.6 billion.
Scrushy testified during the triakl and deniedany wrongdoing. He was broughyt to Jefferson County for the trial from a Texasfederal prison, where he is currently serving seven years for bribingb then-Gov. Don Siegelman for a seat on a states health carepolicy board. Scrushy was acquitted of criminal chargea in the HealthSouth frauxdin 2005. HealthSouth said it is unsures how much might be collected from according to anews release. “We are pleases to see that justice has been served through this judgmenf and that another chapter of our past has been putbehins us,” HealthSouth’s statement said.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment