Scrushy Settles Claims Over Bonuses, Legal Fees

Law360, New York (November 30, 2006, 12:00 AM EST) -- Ex-HealthSouth Corp. CEO Richard Scrushy has agreed to pay his former company $31 million to settle litigation over his bonuses and legal fees.

Scrushy decided to drop his lawsuit requesting that HealthSouth pay him $21 million for legal fees after the company agreed to subtract that amount from the $52 million he owed for excessive bonuses.

The settlement does not resolve other claims against Scrushy, including accusations that he violated his employment contract by not discovering accounting fraud at the company and that he then wrongly...
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