Sunday, August 27, 2006

Scrushy Has a Tough Week

Although Richard Scrushy was found not guilty in his initial criminal trial, he has not been as fortunate in other matters.  This past week, the Alabama Supreme Court ruled that the former CEO of HealthSouth owes HealthSouth "$51.5 million" "as repayment for bonuses he earned while" at the company. (see Alabama News here) (see also Wall Street Jrl here) This is an example showing that a not guilty finding is not always definitive of the outcome in collateral civil matters.

Scrushy was also asking the federal court this past week to reconsider his conviction on bribery and fraud charges resulting after a jury trial. (see here)  He is arguing insufficient evidence on the bribery charge.(see Alabama News here)


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