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Richard M Scrushy

BUSINESS
July 21, 2005 | From Bloomberg News
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.
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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.
BUSINESS
May 16, 2005 | From Times Wire Services
For all the dozens of witnesses who testified for and against Richard Scrushy during his fraud trial, the fate of the fired HealthSouth Corp. chief executive may hang on whether jurors believe just a handful. Prosecutors built their case around five former HealthSouth finance chiefs who pleaded guilty to participating in a $2.7-billion fraud and who all -- with varying degrees of detail -- told jurors that Scrushy was in deep too. One of them, Bill Owens, even wore a wire for the FBI.
BUSINESS
March 11, 2004 | From Associated Press
Fired HealthSouth Corp. Chief Executive Richard Scrushy filed a complaint accusing prosecutors of misconduct in the probe that led to federal fraud charges against him in connection with a massive accounting scandal. Attorneys for Scrushy said prosecutors and investigators withheld evidence showing Scrushy's innocence during a hearing last year, including comments he made during a conversation secretly recorded by a former HealthSouth financial chief. The complaint was filed against U.S. Atty.
BUSINESS
June 23, 2005 | From Associated Press
A judge scuttled a month of unproductive deliberations in the fraud trial of fired HealthSouth Corp. Chief Executive Richard Scrushy on Wednesday as she dismissed a sick juror and ordered the panel to begin work anew with an alternate. Citing a juror's "recurring health problems" that have become worse as days of deliberations turned into weeks, U.S. District Judge Karon Bowdre replaced one male juror with another and instructed the panel members to "start from scratch" with their talks.
BUSINESS
April 14, 2005 | From Bloomberg News
A federal judge who dismissed perjury charges against HealthSouth Corp. founder Richard Scrushy said she did so because the Securities and Exchange Commission engaged in "cloak and dagger activities" that violated his rights. U.S. District Judge Karon Bowdre in Birmingham, Ala., ruled that the SEC and Justice Department prosecutors improperly merged their civil and criminal investigations of HealthSouth's accounting on March 12, 2003.
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.
BUSINESS
June 17, 2003 | From Bloomberg News
Congress rejected a request by HealthSouth Corp.'s fired Chief Executive Richard Scrushy to give him limited immunity in exchange for his testimony about accounting fraud at the company. Scrushy asked lawmakers for immunity related to an investigation by the House Energy and Commerce Committee about the alleged fraud, which prosecutors have said could reach $2.5 billion. "The committee has no intention of providing any type of immunity deal with Mr.
BUSINESS
May 26, 2005 | From Associated Press
The judge in Richard Scrushy's fraud trial is trying to prevent the case against the former HealthSouth Corp. chief executive from winding up in a deadlocked jury and mistrial. Responding to questions from jurors, U.S. District Judge Karon Bowdre instructed the panel for a third time Wednesday on a pivotal conspiracy charge, a complicated count one with a verdict form that is four pages long covering a range of alleged white-collar crimes.
BUSINESS
August 5, 2005 | From Bloomberg News
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.
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