Digital Media Center
Bryant-Denny Stadium, Gate 61
920 Paul Bryant Drive
Tuscaloosa, AL 35487-0370
(800) 654-4262

© 2024 Alabama Public Radio
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

HealthSouth Accuses Scrushy Of Hiding Assets

Birmingham, AL – HealthSouth Corp. is accusing fired chief executive Richard Scrushy of hiding money in offshore bank accounts and transferring assets out of his name to avoid paying court judgments.

Documents filed Thursday by the Birmingham-based rehabilitation chain claim Scrushy has told people that he has some $600 million in accounts outside the United States. They also ask a judge to freeze real estate assets that Scrushy has put in the name of others.

An attorney for Scrushy didn't immediately respond to a message seeking comment.

A judge ruling in a shareholder lawsuit filed on behalf of HealthSouth has ordered Scrushy to pay $2.8 billion for his role in a massive fraud at the company. Scrushy denies any wrongdoing, but the judge found him liable anyway.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

News from Alabama Public Radio is a public service in association with the University of Alabama. We depend on your help to keep our programming on the air and online. Please consider supporting the news you rely on with a donation today. Every contribution, no matter the size, propels our vital coverage. Thank you.