The Alabama Supreme Court upheld a $2.9 billion judgment against imprisoned HealthSouth Corp. founder Richard Scrushy, rejecting claims that he shouldn't have to pay for the fraud that nearly wrecked the rehabilitation company. The 7-0 decision, in which two justices didn't participate without explanation, means shareholder attorneys can continue trying to locate and collect the remains of Scrushy's once-vast estate, which included three mansions and a 92-foot yacht.
Late News: Alabama court upholds judgment against Scrushy
Lawyers already have confiscated about $100 million worth of Scrushy's cash, homes, farms, luxury cars, jewelry, aircraft, boats and other property. “We've already seized all his assets we could identify, and we continue to look on,” said shareholder lawyer John Haley. “In late March, we're going to just have a big yard sale. We have three or four boats still for sale.” Lawyers for Scrushy did not immediately return messages seeking comment. Scrushy was acquitted on criminal charges in the HealthSouth fraud in 2005, but he and former Alabama Gov. Don Siegelman were convicted in a separate bribery scheme the next year. Scrushy is serving a nearly seven-year sentence in a federal prison in Texas.
Send us a letter
Have an opinion about this story? Click here to submit a Letter to the Editor, and we may publish it in print.