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.
February 9, 2006 |
HealthSouth Corp. founder Richard Scrushy won a delay from the Alabama Supreme Court, which ruled that he didn't have to pay a $47.8-million judgment against him that was due next week, Scrushy said in a statement. The high court's ruling didn't reverse a trial court decision last month to make Scrushy pay back bonuses that investors claimed he didn't deserve.
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.
August 19, 2005 |
A federal judge on Thursday rejected a request by HealthSouth Corp. founder Richard Scrushy to throw out a Securities and Exchange Commission lawsuit and instead told the agency to refile by Sept. 7. U.S. District Judge Inge Johnson issued the order after a closed-door conference in Birmingham, Ala. The SEC sued Scrushy in March 2003 after the discovery of a $2.7-billion accounting fraud at HealthSouth Corp., a major operator of rehabilitation hospitals.
August 5, 2005 |
HealthSouth Corp. founder Richard Scrushy should face civil-fraud charges for his role in "one of the largest financial frauds in U.S. history," the Securities and Exchange Commission said Thursday in urging a judge to let the case proceed. The SEC's filing in federal court in Birmingham, Ala., called Scrushy "desperate" for asking last month that the lawsuit be dismissed because of the agency's collaboration with the Justice Department.
July 21, 2005 |
Richard Scrushy, acquitted last month on charges that he led a $2.7-billion accounting fraud at HealthSouth Corp., turned over $17 million in cash to the company he helped found to satisfy a judgment by a Delaware court, his lawyer said Wednesday. The judgment stems from Scrushy's use of HealthSouth stock in 2002 to repay a $25.2-million company loan.