November 30, 2006 |
HealthSouth Corp. founder Richard Scrushy agreed to pay the company $31 million as part of a settlement of litigation over his bonuses and legal fees. Scrushy dropped a lawsuit in which he sought $21 million for legal fees after HealthSouth agreed to credit that amount against $52 million he owes for inflated bonuses, said Teresa Tomlinson, one of his lawyers. HealthSouth ousted Scrushy in 2003 after a $2.7-billion accounting fraud was uncovered at the Birmingham, Ala.
August 26, 2006 |
Fired HealthSouth Corp. Chief Executive Richard M. Scrushy must repay $47.8 million in bonuses that he wrongly received during a massive financial fraud at the rehabilitation and medical services chain, the Alabama Supreme Court ruled Friday. The court unanimously upheld a lower court order that sided with a shareholder who sued Scrushy claiming that the HealthSouth chief received the bonuses improperly as the scandal secretly engulfed the company for seven years beginning in 1996.
June 30, 2006 |
Richard Scrushy was found guilty of bribing the governor of Alabama, a year and a day after being acquitted of masterminding a fraud at HealthSouth Corp., the company he ran for years. Former Gov. Don Siegelman, 60, and Scrushy, 53, were convicted Thursday by a Montgomery, Ala., jury on the 12th day of deliberations. Prosecutors said Scrushy paid Siegelman $500,000 for a seat on a hospital regulatory board. At the time, Scrushy was in charge of Birmingham, Ala.-based HealthSouth, the largest U.
April 17, 2006 |
Ordained as a minister and acquitted in a $2.7-billion fraud, fired HealthSouth Chief Executive Richard Scrushy is done with the corporate boardroom. Now, he says, it's all about God. Scrushy has helped found a ministry he says is feeding starving children in Africa and is planning further missionary work. It also wants to build a Bible-based university and offer services including mortgages, insurance and healthcare, he says.
January 20, 2006 |
A writer who turned out a stream of sympathetic newspaper stories about former HealthSouth Corp. Chief Executive Richard Scrushy during his fraud trial says Scrushy secretly paid her $11,000 through a public relations firm and typically read her articles before publication. Documents show that the public relations firm wrote thousands of dollars in checks to Audry Lewis, whose freelance articles appeared in the Birmingham Times, a small but influential black newspaper.
January 5, 2006 |
HealthSouth Corp.'s ousted chief executive, Richard Scrushy, must repay more than $47 million in bonuses he received while running the medical rehabilitation chain amid a huge fraud, despite being acquitted in the scheme, a judge ruled. Combined with as much as $265 million in refunds the company is seeking from the federal government for taxes it paid on overstated income during the fraud, the court-ordered repayment could help shore up the finances of HealthSouth. Scrushy plans to appeal.