HealthSouth’s Scrushy agrees to pay settlement
HealthSouth Corp. founder Richard Scrushy agreed to pay the company $31 million as part of a settlement of litigation over his bonuses and legal fees.
Scrushy dropped a lawsuit in which he sought $21 million for legal fees after HealthSouth agreed to credit that amount against $52 million he owes for inflated bonuses, said Teresa Tomlinson, one of his lawyers.
HealthSouth ousted Scrushy in 2003 after a $2.7-billion accounting fraud was uncovered at the Birmingham, Ala.-based chain of rehabilitation centers.
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