HealthSouth settles SEC fraud charges for $100 million

[JURIST] While jurors in the trial of former HealthSouth CEO Richard Scrushy [JURIST news archive] still have not reached a verdict, the company itself settled SEC charges [SEC press release] on Wednesday related to his conduct and a company scheme to overstate earnings. HealthSouth [corporate website] will pay $100 million over two years, and promised continued cooperation with the SEC and the US Justice Department. Late last year, HealthSouth settled for $325 million [Birmingham News report] related to charges that they overbilled Medicare. AP has more.



 

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