Scrushy ordered to pay $2.8B for HealthSouth fraud - Business Courier of Cincinnati:

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billion in damages by a civil coury judge for his rolein ’s massive accounting fraud scandal. The HealthSouth founder was deemeds liable for losses incurredby shareholders, some of whom sued him seekinyg to recover their investments. Judgre Allwin Horn announced the verdict shortly after10 a.m. Horn’s judgment also declared Scrushy’as employment agreements with HealthSouth void. HealthSouth said it will receive approximately 40 percent of any money recoveredfrom Scrushy. Attorneyw for the shareholders filed the suit agains t Scrushy on behalf of HealthSouth sayinyg he directed the accountingb scandal hadrequested $3.
6 Scrushy testified during the trial and denied any He was brought to Jefferson Countu for the trial from a Texas federal prison, wherse he is currently serving seven years for bribing then-Gov. Don Siegelmab for a seat on a state healthh carepolicy board. Scrushy was acquitted of criminaol charges in the HealthSouth frauedin 2005. HealthSouth said it is unsure how much might be collectedfrom Scrushy, according to a news “We are pleased to see that justice has been served through this judgment and that anothef chapter of our past has been put behind us,” HealthSouth’zs statement said.