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27 Oct 2009, 4:16 am
Mailed: September-October Issue of The Corporate Executive The September-October 2009 issue of The Corporate Executive contains a great lead article about how to plan ahead for your executives ahead of the inevitable tax increases (thanks to Mike Melbinger of Winston & Strawn for drafting this piece!). [read post]
16 Oct 2009, 2:53 am
In In re HealthSouth Corporation Securities Litigation, Nos. [read post]
8 Oct 2009, 7:34 am
Going back to the 2001-era financial frauds, Enron, WorldCom, Tyco and HealthSouth all had unclassified boards. [read post]
2 Oct 2009, 11:08 am
TECHNIP USA CORPORATION AND TECHNIP, S. [read post]
19 Sep 2009, 6:51 am
Going back to the 2001-era financial frauds, Enron, WorldCom, Tyco and HealthSouth all had unclassified boards. [read post]
1 Sep 2009, 3:01 am
The corporation’s recovery of disputed legal expenses is unquestionably a benefit to the corporation, but how much additional litigation expense was generated along the way? [read post]
31 Aug 2009, 2:30 pm
Conry's question implied that HealthSouth's financial information was inconsistent with its nonfinancial information and thus, the risk of financial statement fraud [ ] at HealthSouth should have been a concern. [read post]
15 Jul 2009, 5:04 am
Class Action Settlement Calling for Bar Order, Wiping Out Corporate Officer’s Indemnification Agreement and Advancement of Attorney Fees from Company Properly Approved by District Court Eleventh Circuit Holds Plaintiffs filed a class action against HealthSouth Corporation and others, including its former chairman and CEO Richard M. [read post]
22 Jun 2009, 11:40 am
” (citing In Re HealthSouth Corp. [read post]
19 Jun 2009, 2:34 am
Staff Satisfaction Scores• Companies Seek to Sanction DOJ Over Lost Evidence in Drug Pricing Case• Stay 'InTouch' With Your Computer• AIG's Fall Raises Questions About Corporate Monitoring• Greenberg Traurig Is on a Lateral Partner Shopping… [read post]
18 Jun 2009, 11:53 pm
[JURIST] Former HealthSouth [corporate website] CEO Richard Scrushy [defense website; JURIST news archive] was found liable [opinion; order, PDF] to the company's shareholders for fraud Thursday by Judge Allwin Horn of Alabama's 10th Judicial District [official website] and ordered to pay $2.88 billion. [read post]
18 Jun 2009, 7:48 am
In March 2003, HealthSouth Corporation admitted that it overstated its assets and inflated its profits. [read post]
18 Jun 2009, 2:27 am
Background In 1994, Scrushy and HealthSouth had entered an agreement requiring HealthSouth to indemnify Scrushy to the fullest extent permitted by law. [read post]
18 Jun 2009, 12:46 am
[JURIST] The US Court of Appeals for the Eleventh Circuit [official website] on Wednesday rejected challenges [opinion, PDF] to a securities fraud class action suit brought by former HealthSouth [corporate website] CEO Richard Scrushy [defense website; JURIST news archive], affirming a $445 million settlement against the HealthSouth corporation. [read post]
17 Jun 2009, 7:43 pm
We have summarized many Delaware decisions on this blog regarding the issue of advancement of fees for the benefit of officers and directors of companies who have been given that right by either contract or bylaws or corporate charter, as authorized by the Delaware General Corporation Law--and as distinguished from indemnification, which generally is not triggered until after the litigation is concluded, and after potentially millions of dollars in fees… [read post]
27 May 2009, 9:32 am
Two of the most prominent cases involve Alex Latifi, a firm supporter of the ex-governor and active liberal Democrat, and Martin’s despicable prosecution directed at the Axion Corporation. [read post]
20 May 2009, 5:55 am
The NYT runs down the bankruptcies he’s handled, which include the American Pad and Paper Company, the Circle K Company, the HealthSouth Corporation, Owens Corning, the RCN Corporation, the Safety-Kleen Corporation and Spectrum Brands. [read post]
17 May 2009, 1:03 am
[JURIST] The US Court of Appeals for the Eleventh Circuit [official website] on Friday denied the petition of former Alabama governor Don Siegelman (D) [official profile; JURIST news archive] and former HealthSouth [corporate website] CEO Richard Scrushy [JURIST news archive] for an en banc rehearing of their convictions on charges of corruption. [read post]
12 May 2009, 3:27 am
[JURIST] Alabama's Jefferson County Circuit Court [official website] on Monday began hearing a $2.6 billion derivative lawsuit brought by HealthSouth [corporate website] shareholders against company founder and former CEO Richard Scrushy [defense website; JURIST news archive] for his alleged role in an accounting fraud scheme at the company. [read post]
3 Apr 2009, 1:05 am
Bowdre certified a class of HealthSouth shareholders in a securities fraud case against HealthSouth's banker, UBS, and former CEO Richard Scrushy. [read post]
