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Richard M Scrushy

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BUSINESS
June 30, 2005 | Thomas S. Mulligan, Times Staff Writer
It seems Richard M. Scrushy would rather fight than quit. Scrushy, who was acquitted on all charges related to the $2.7-billion accounting fraud at HealthSouth Corp., contends he was illegally fired as the company's chief executive and has hired a lawyer to pursue a possible case against its directors.
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BUSINESS
June 29, 2007 | From the Associated Press
Former Alabama Gov. Don Siegelman was sentenced to more than seven years in federal prison and former HealthSouth Chief Executive Richard Scrushy got nearly seven years Thursday in a bribery and corruption case that the judge said damaged public trust in state government. Siegelman was ordered to pay a fine of $50,000, plus $181,325 to a state agency where prosecutors said kickbacks were made.
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BUSINESS
July 10, 2005
Regarding "Scrushy Might Contest His Firing," June 30: So HealthSouth founder, "Christian" TV host, "Christian" philanthropist and sometime preacher Richard M. Scrushy is acquitted in his hometown of Birmingham, Ala. This self-styled "financial genius" walked away from court a free man ("I didn't know"), while his underlings will serve sentences for a $2.7-billion accounting fraud. Now, hypocrite Scrushy has the audacity to state that there are "a lot of wrongs that need to be made right," one of which is he wants his job back as chief executive to the very company he has -- at the very least -- terribly mismanaged.
BUSINESS
April 24, 2007 | From the Associated Press
Fired HealthSouth Corp. Chief Executive Richard Scrushy agreed to pay $81 million to settle a Securities and Exchange Commission lawsuit blaming him for a $2.7-billion accounting fraud at the healthcare services firm. The settlement was approved by a federal judge Monday. Scrushy admitted no wrongdoing but agreed to give up $77.5 million the government said he gained from the scheme. He agreed to pay an additional $3.5 million in civil penalties.
BUSINESS
December 21, 2004 | From Bloomberg News
HealthSouth Corp. founder Richard Scrushy, who faces a criminal fraud trial next month, sued an Alabama newspaper Monday over articles and cartoons that Scrushy claims are defamatory. The libel suit claims the Birmingham News, which is owned by Newhouse Publications Inc., is trying to convict Scrushy in the press with its coverage of his accounting fraud trial, Scrushy's lawyer said. Scrushy, 52, goes on trial next month on charges that he masterminded a $2.
BUSINESS
May 9, 2003 | From Associated Press
A federal judge criticized the government's investigation of fraud allegations at HealthSouth Corp. as she gave ousted Chief Executive Richard M. Scrushy access to all his money and property. In a 64-page ruling, U.S. District Judge Inge Johnson said the government had "undoubtedly manipulated simultaneous criminal and civil proceedings" in its probe of accounting practices at the medical services company.
BUSINESS
August 26, 2006 | From the Associated Press
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.
BUSINESS
June 4, 2005 | Thomas S. Mulligan, Times Staff Writer
Federal prosecutors Friday appeared on the verge of a serious setback in their landmark fraud case against Richard M. Scrushy, perhaps Alabama's best-known businessman, as jurors in Birmingham told the judge they were badly deadlocked on all charges. The case is important to the government because it is the first prosecution under the 2002 Sarbanes-Oxley corporate reform law, which made it a crime for an executive to falsely certify his company's financial reports.
BUSINESS
April 17, 2006 | Jay Reeves, The Associated Press
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.
BUSINESS
June 29, 2005 | Thomas S. Mulligan, Times Staff Writer
A federal jury in Birmingham, Ala., on Tuesday acquitted HealthSouth Corp. founder Richard M. Scrushy of all charges in a $2.7-billion accounting fraud at the healthcare chain, delivering a stinging setback to the government. After a string of high-profile convictions of business figures -- including former WorldCom Inc. leader Bernard J.
BUSINESS
November 30, 2006 | From Bloomberg News
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.
BUSINESS
August 26, 2006 | From the Associated Press
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.
BUSINESS
June 30, 2006 | From Bloomberg News
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.
BUSINESS
April 17, 2006 | Jay Reeves, The Associated Press
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.
BUSINESS
January 20, 2006 | From Associated Press
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.
BUSINESS
January 5, 2006 | From Associated Press
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.
BUSINESS
November 10, 2003 | From Reuters
Former HealthSouth Corp. Chief Executive Richard Scrushy finalized his legal team to defend him against the federal government's charges that he deliberately inflated the company's earnings. Scrushy named Thomas Sjoblom and Abbe David Lowell of Chadbourne & Parke to defend him at trial. Donald Watkins, who was Scrushy's lead attorney, will remain a legal advisor.
BUSINESS
June 1, 2005 | From Reuters
An Alabama jury has agreed to work an extra hour each day to try to break an impasse in the corporate fraud trial of former HealthSouth Corp. Chief Executive Richard Scrushy, a federal court official said. The jury has been split on the main charge against Scrushy, who is accused by the U.S. government of directing a $2.7-billion accounting fraud at the medical rehabilitation firm. The jury has deliberated about 4 1/2 hours each day since getting the case May 19.
BUSINESS
December 16, 2005 | From Bloomberg News
HealthSouth Corp. founder Richard Scrushy, who was cleared of orchestrating a $2.7-billion fraud at the company, sued HealthSouth for $70 million that he said he was owed in severance pay and bonuses. The lawsuit filed in Jefferson County, Ala., says that under a 2002 employment agreement, Scrushy is entitled to the pay after being acquitted in June of accounting fraud charges, Scrushy spokesman Charlie Russell said. Scrushy was fired from the company in March 2003 and quit the board Dec.
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