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Court upholds $2.9B verdict in HealthSouth case

Fri, 01/28/2011 - 7:45am
JAY REEVES - Associated Press - Associated Press

The Alabama Supreme Court has upheld a $2.9 billion judgment against imprisoned HealthSouth Corp. founder Richard Scrushy over the fraud that nearly wrecked the rehabilitation company.

The justices rejected Scrushy's appeal on Friday, ruling there wasn't any reason to overturn the verdict.

The decision means shareholder attorneys can continue trying to collect the remains of Scrushy's once-vast estate. They've already auctioned off his luxury cars, jewelry and other property.

A Jefferson County judge held Scrushy liable for the massive accounting scandal that nearly bankrupted HealthSouth.

Scrushy was acquitted on criminal charges in the HealthSouth case but was convicted in a separate bribery scheme. He is serving a nearly seven-year sentence in federal prison.

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