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6/19/2006 12:19:00 AM | HealthSouth Exec Gets 8 Years 
=(0) The longest sentence so far for a HealthSouth executive was handed down last week to former vice-president Hannibal Crumpler. He was sentenced to eight years in prison for conspiracy and making false statements with regard to the HealthSouth accounting fraud scandal..........
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5/18/2006 3:22:00 PM | HealthSouth to Pay US $3 Mln to Avoid Indictment =(0) HealthSouth has reached a non-prosecution agreement with the US Department of Justice. The terms of the settlement involve payment of $3 million to the U.S. Postal Inspection Services Consumer Fraud Fund and three years of probation, involving complete cooperation with government requests for information and access. HealthSouth is attempting t...
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4/4/2006 2:09:00 PM | Attorney General Cox, Department of Treasury Continue Fight for ... - =(0) The State of Michigan will serve as one of the lead plaintiffs for the securities class action lawsuit against HealthSouth. The State claims that it has lost around $33 million in the retirement fund for its employees as a result of alleged fraud and admitted criminal wrongdoing. HealthSouth admittedly overstated income for the purpose of artificia...
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3/24/2006 5:20:00 AM | Scrushy loses bid =(0) The SEC lawsuit against HealthSouth founder Richard Scrushy will go on. Scrushy was acquitted of criminal charges related to the accounting scandal at HealthSouth but the SEC is attempting to recover hundreds of millions of dollars in the multi-billion dollar accounting fraud. The trial is expected to begin in 2007.......
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3/18/2006 3:27:00 AM | HealthSouth plans to post bigger loss =(0) HealthSouth has delayed its annual report and claims increasing losses due to recent legal settlements and changes in government reimbursement rules. It also said that its internal financial controls were not yet where they should be, after the massive accounting fraud that almost bankrupted the company in 2003.......
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3/10/2006 2:51:00 PM | HealthSouth gets $3.55 bln financing,pays off debt - =(0) HealthSouth continues to try to rebuild its health care company after a crippling accounting scandal almost drove it to bankruptcy. It has settled some class action lawsuits, and its former Chief Executive has been acquitted of engineering the fraud. New financing allows the company to prepay its debt.......
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2/23/2006 6:55:00 PM | HealthSouth agrees to $445 million settlement =(0) HealthSouth has agreed to a settlement with its investors. Without admitting wrongdoing, Healthsouth will provide $230 million in cash via its liability insurance, and $215 million in stock and warrants to investors. The settlement does not cover suits against the company's auditor or banker. Previously settled were claims by the SEC and by HealthS...
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