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Richard Scrushy

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OPINION
July 3, 2005 | MICHAEL KINSLEY
God works in mysterious ways, but his or her decision to acquit Richard Scrushy, former CEO of HealthSouth, on all charges of financial fraud is especially inscrutable. Five consecutive HealthSouth chief financial officers admitted to cooking the books and copped pleas. They all fingered Scrushy. But jurors chose to believe that the man on top knew nothing about what was going on directly below him. That kind of ignorance doesn't come cheap. No one denies there was massive fraud at HealthSouth.
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NATIONAL
June 29, 2007 | Tom Hamburger, Times Staff Writer
Don Siegelman, a Democrat who served as governor of Alabama from 1999 to 2003, was sentenced Thursday in Montgomery, Ala., to more than seven years in prison and fined $50,000. He was convicted of bribery and obstruction of justice last year in a trial that he said was engineered by Bush administration officials who wanted to eliminate him as a threat to Republican dominance in the South. U.S.
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BUSINESS
May 14, 2005
* A judge delayed closing arguments in the corporate fraud trial of fired HealthSouth Corp. chief Richard Scrushy, saying both sides in the case needed more time to prepare. * In an effort to stem huge losses, big U.S. airlines increased their domestic round-trip ticket prices heading into the weekend by $10 to $20, depending on the length of the flight.
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
November 27, 2003 | From Bloomberg News
HealthSouth Corp.'s fired chief executive, Richard Scrushy, must repay the company for a $25.2-million loan he settled with HealthSouth stock that later fell in value, a Delaware judge said. Scrushy, who was indicted in Alabama this month on federal charges of conspiring to inflate earnings, was accused last year in a Delaware Chancery Court lawsuit of paying off the loan with stock he knew would plummet when financial problems at HealthSouth were disclosed.
BUSINESS
April 22, 2005 | From Bloomberg News
HealthSouth Corp. founder Richard Scrushy began his defense at his criminal fraud trial after the presiding judge declined to dismiss most of the charges against him. U.S. District Judge Karon Bowdre in Birmingham, Ala., let stand charges of conspiracy and securities, wire and mail fraud that were among the 52 criminal counts Scrushy faced.
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
October 28, 2005 | From Bloomberg News
HealthSouth Corp. founder Richard Scrushy, who was acquitted in June of a $2.7-billion fraud, surrendered to federal marshals on charges of bribing former Alabama Gov. Don Siegelman. Scrushy, who denies the accusations, arrived at the federal courthouse in Montgomery, Ala., then went to the marshal's office. Siegelman, a Democrat, also gave himself up to federal authorities in Montgomery. Two other former state officials also were charged in the case.
BUSINESS
February 26, 2005 | From Bloomberg News
HealthSouth Corp. founder Richard Scrushy, on trial over an alleged $2.7-billion fraud, didn't attend meetings discussing accounting manipulations at the company, former Assistant Controller Ken Livesay testified. Livesay, who has pleaded guilty, detailed the roles of other HealthSouth employees in the fraud from 1996 to 1999 but said that Scrushy wasn't present at any of the secret meetings and that he never sought out the chief executive to discuss the matter.
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
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
December 1, 2005 | From Associated Press
The judge in the government's civil lawsuit over the huge earnings overstatement at HealthSouth Corp. threw out fraud claims against fired Chief Executive Richard Scrushy, who was previously acquitted on criminal charges in the scheme. U.S. District Judge Inge P. Johnson said the two fraud counts contained in the suit -- the third version of the case filed by the Securities and Exchange Commission -- weren't specific enough.
BUSINESS
October 28, 2005 | From Bloomberg News
HealthSouth Corp. founder Richard Scrushy, who was acquitted in June of a $2.7-billion fraud, surrendered to federal marshals on charges of bribing former Alabama Gov. Don Siegelman. Scrushy, who denies the accusations, arrived at the federal courthouse in Montgomery, Ala., then went to the marshal's office. Siegelman, a Democrat, also gave himself up to federal authorities in Montgomery. Two other former state officials also were charged in the case.
BUSINESS
August 19, 2005 | From Bloomberg News
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.
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.
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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