Healthsouth Founder Settles SEC Fraud Action for $81 Million

The Securities and Exchange Commission announced on April 23, 2007, that the United States District Court for the Northern District of Alabama has entered a Final Judgment against defendant Richard M. Scrushy that permanently bars Scrushy from serving as an officer or director of a public company, permanently enjoins Scrushy from committing future violations of the antifraud and other provisions of the federal securities laws, and requires Scrushy to pay $81 million in disgorgement and civil penalties.

For more see SEC Litigation Release dated April 23, 2007.

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