Scrushy Keeps Home In $81M SEC Settlement

Law360, New York (April 23, 2007, 12:00 AM EDT) -- The federal securities regulator has settled its civil claims against HealthSouth founder Richard Scrushy for a near-record $81 million, but will let the beleaguered former executive keep the roof over his head.

U.S. Securities and Exchange Commission trial attorney Jack Worland said Monday that under the terms of the settlement, one of the largest ever negotiated by the SEC, Scrushy would not have to sell his Alabama home to pay the massive penalty.

Worland said Scrushy had 90 days to notify the commission if he could...
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