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Healthsouth's Scrushy Loses Appeal of $2.9 Billion Judgment

By Bashian & Papantoniou
February 18, 2011

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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.
Category: Litigation

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