HealthSouth’s Scrushy Owes Loan, Judge Says
- Share via
HealthSouth Corp.’s fired chief executive, Richard Scrushy, must repay the company for a $25.2-million loan he settled with HealthSouth stock that later fell in value, a Delaware judge said.
Scrushy, who was indicted in Alabama this month on federal charges of conspiring to inflate earnings, was accused last year in a Delaware Chancery Court lawsuit of paying off the loan with stock he knew would plummet when financial problems at HealthSouth were disclosed.
Scrushy’s lawyers said the decision would be appealed.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
