Defendant Name:
Healthsouth Corp.
Defendant Type:
Public Company
SIC Code:
8093
CUSIP:
42192430
Document Reference:
2010-132
Document Details
Legal Case Name
SEC v. HealthSouth Corp. and Richard M. Scrushy
Document Name
SEC Announces $106 Million Fair Fund Distribution to Harmed Investors in HealthSouth Financial Fraud
Document Date
26-Jul-2010
Document Format
Civil Proceeding
Case Number
03-cv-00615
Federal District Court
Alabama, Northern District of Alabama
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On July 26, 2010, the SEC announced a Fair Fund distribution of more than $106 million to investors harmed in a financial fraud at HealthSouth Corporation. The Fair Fund for HealthSouth Corporation fraud victims resulted from an SEC enforcement action in March 2003 after which HealthSouth paid $100 million to settle SEC charges that it falsely inflated earnings to meet Wall Street expectations. This distribution to 67,695 individual investors, pension plans and other victims represents the entirety of the money HealthSouth paid to settle the SEC's fraud charges, plus interest.
Disgorgement & Penalty Information
Resolutions
Fair Funds
Plan of Distribution
Monetary Penalties:
Total Penalty
Individual:
$100,000,000.00
Shared:
Other Defendants in Action:
