Monday, April 23, 2007

Scrushy Settles SEC Matter for 81M

The Securities Exchange Commission issued a release today stating that an order had been entered that "permanently bars Scrushy from serving as an officer or director of a public company, permanently enjoins Scrushy from committing future violations of the antifraud and other provisions of the federal securities laws, and requires Scrushy to pay $81 million in disgorgement and civil penalties." The Wall Street Jrl provides some details here.

But Scrushy, former CEO of HealthSouth, was also in the news about his recent travels and possible future ones.  Alabama.com reports that Scrushy has to wear a electronic monitor on his ankle. The article also discusses some disputes over his travel restrictions.

(esp) 

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