FierceHealthcareFierceHealthITFierceHealthFinanceFierceEMRHospital ImpactFierceMobileHealthcare   FiercePharma

Scrushy hit with $2.6B suit by HealthSouth

Tools
Tags
HealthSouth
fraud
Dick Scrushy
civil suit
Bribery

I suppose one might feel sorry for Dick Scrushy at this point. After all his legal trials and tribulations, and ending up in jail, the HealthSouth founder has been hit with the whopper of all civil suits by his former company. (On the other hand, if he did what he's accused of, maybe not.)

HealthSouth Corp. shareholders are suing Scrushy for $2.6 billion for his alleged role in a massive fraud that nearly capsized the once prosperous rehab player.  The suit asks Scrushy to repay salary, bonuses and stock deals taken in during the years the fraud was being perpetrated, as well as items like hundreds of personal plane flights and even breast implants for a female singer he was promoting as a sideline.

The suit may end up being largely symbolic, however, as documents suggest he doesn't have the money, and what's more, is unlikely to earn any, as he's already in prison on a state bribery conviction.

To learn more about the suit:
- read this piece in The Tennessean

Related Articles:
HealthSouth's Scrushy going to jail
HealthSouth wins $133 million from UBS
HealthSouth gets back $440 million from IRS
Scrushy found guilty of fraud charges

Bookmark and Share
Get Your FREE FierceHealthcare Email Newsletter:
Be the first to comment

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.

More information about formatting options

To combat spam, please enter the code in the image.