Scrushy Bids To Toss SEC Fraud Suit

Law360, New York (February 22, 2006, 12:00 AM EST) -- In the latest swipe in the battle between former HealthSouth Corp. chief executive Richard Scrushy and the U.S. Securities and Exchange Commission, attorneys for the fallen executive have asked a federal judge to dismiss the SEC’s six-count lawsuit, saying the agency has failed to support its claims that he had inside knowledge of the company’s massive accounting fraud scheme.

Earlier this week, Scrushy’s attorneys argued in papers filed in the U.S. District Court of Alabama that allegations made by the SEC against Scrushy were “cloudy” and...
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