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
  • Bashian & Papantoniou Recently Created New York Law With An Impressive Result For Tesla/Solarcity Read More
  • When is A School District Liable for Physical Injury By One Student to Another? Read More
  • What Happens When You Are Facing a Claim for Monetary Damages? Read More
/