Healthsouth’s Scrushy Loses Appeal of $2.9 Billion Judgment

The Alabama Supreme Court, applying Delaware corporate law, has rejected ex- HealthSouth CEO Richard Scrushy’s appeal of a $2.9 billion judgment that he owes to the shareholders of the health care services chain for orchestrating a massive accounting fraud. Scrushy, who is serving seven years in federal prison in an unrelated case for bribing former Alabama Gov. Don Siegelman to get a seat on an influential state health care panel, unsuccessfully argued that he is not personally liable for the fraud perpetrated by his lieutenants.  Read More
Categories: 
Related Posts
  • Supreme Court says Race should not be a Factor on College Admissions Read More
  • New York Lawyers Sanctioned for ChatGPT Citation Read More
  • Understanding the Velazquez v. Nextphase, Inc. Case: A Deep Dive into ADA, NYCHRL and Website Accessibility Read More
/