11th Circ. Swats Down Scrushy's Appeal Of Settlement

Law360, New York (June 17, 2009, 12:00 AM EDT) -- The U.S. Court of Appeals for the Eleventh Circuit has rejected former HealthSouth Corp. CEO Richard Scrushy's challenges to the $445 million settlement HealthSouth reached in 2006 with its investors in a securities suit.

His appeal objected to provisions of the HealthSouth settlement that extinguished his rights as a corporate officer for HealthSouth to be reimbursed for his legal expenses and any amount he settles for in the case.

Scrushy is a party to the securities suit but was not part of the settlement, and he...
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