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Shareholder Lawsuit

By: Associated Press
By: Associated Press

A revised shareholder lawsuit contends fired HealthSouth CEO Richard Scrushy should repay 46.7 million dollars in bonuses he received for profits that the medical services chain now says never existed.

The filing in Jefferson County circuit court yesterday cites the restatement of finances that HealthSouth released last week showing it lost 364 million in 2000 and 191 million in 2001. HealthSouth previously reported making 481 million dollars for the two-year period.

The revised suit also cites evidence from Scrushy's fraud trial, which ended last week with his acquittal.

A spokesman for Scrushy said he had no comment on the suit or other civil cases pending against him at this time.

The Securities and Exchange Commission also plans to press its civil fraud case seeking nearly 800 million dollars from Scrushy. He is also named in at least 61 other federal lawsuits filed in Birmingham over the multi-billion dollar accounting fraud at HealthSouth.

Information from: Birmingham News Company, http://www.al.com/birmingham


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