Former HealthSouth CFO Headed To Prison

Law360, New York (July 2, 2009, 12:00 AM EDT) -- Following the U.S. Supreme Court's refusal to take up the case, the former finance chief of HealthSouth Corp. has been ordered to report to federal prison for three months for allegedly helping to carry out a massive accounting fraud scheme that nearly torpedoed the company.

Judge Inge Johnson of the U.S. District Court for the Northern District of Alabama on Tuesday sentenced Malcolm "Tadd" McVay to spend three months behind bars, ignoring the former executive's plea to stay out of lockup in the wake of a...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.