Skip to main content

Healthsouth's Scrushy Loses Appeal of $2.9 Billion Judgment

By Bashian & Papantoniou
February 18, 2011

Practice Areas

Resourses

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

  • Related Posts

    26 June 2026
    Buying or Selling a Business? Why the Right M&A Attorney Matters
    Read More

  • Related Posts

    13 June 2026
    The Deal That Closes Twice: A Buyer's Guide to Deferred Closings
    Read More

  • Related Posts

    06 June 2026
    Going Into Business With Friends or Family? Why You Need an Attorney-Drafted Operating or Partnership Agreement
    Read More