HealthSouth’s Ex-CEO Hires Defense Team
From Reuters
Former HealthSouth Corp. Chief Executive Richard Scrushy finalized his legal team to defend him against the federal government’s charges that he deliberately inflated the company’s earnings.
Scrushy named Thomas Sjoblom and Abbe David Lowell of Chadbourne & Parke to defend him at trial. Donald Watkins, who was Scrushy’s lead attorney, will remain a legal advisor.
Last week Scrushy, 51, was indicted on 85 criminal counts, including conspiracy to commit fraud, filing false financial statements and money laundering. The case marks the first time federal prosecutors have brought charges under the Sarbanes-Oxley Act, the landmark legislation that Congress passed last year partly to make it easier to convict corporate defendants.
