Hints and tips:
...The energy company’s bankruptcy was followed in quick succession by revelations of fraud at Tyco, Adelphia Communications, WorldCom and HealthSouth and a dozen Wall Street banks were hit with allegations...
...HealthSouth Corporation announced on Monday that it will reimburse certain shareholder expenses connected to proxy campaigns related to the election of directors....
...HealthSouth Corp announced on Monday it will reimburse certain shareholder expenses connected to proxy campaigns related to the election of directors....
...Now we know No 2 – Sony Electronics Inc said on Tuesday night that it would close its Pittsburgh Technology Centre in the US with the probable loss of 560 jobs....
...Merrill Lynch, for example, will be able to use this ruling to fend off the long-running Enron investor lawsuit, and UBS could do the same in its HealthSouth litigation....
...The court’s 5-3 decision, in the most important securities case in more than a decade, will make it even more difficult for investors to recoup billions of dollars they lost in frauds at Enron and HealthSouth...
...It will have implications for investors who lost money on Enron, HealthSouth and Parmalat and a host of others: in accounting fraud cases, the company at issue often ends up bankrupt, so third-party providers...
...Richard Scrushy, the former chief executive of HealthSouth, on the other hand, declined to testify and was acquitted before later being convicted in a separate bribery case....
...HealthSouth’s surgery unit operates a network of surgical centres and hospitals mainly concentrated in California, Texas, Florida, North Carolina and Alabama....
...The trial judge in the Enron case initially agreed with investors, but other US courts have divided in cases involving fraud at Dynegy, Parmalat and HealthSouth....
...Analysts expect greater scrutiny of the healthcare sector after the Democrats won control of the House of Representatives in this week’s elections....
...Depositions from Enron, WorldCom and HealthSouth criminal prosecutions spoke volumes about how directorial due diligence was, or was not, done....
...Often during his five-month fraud trial in Birmingham, Alabama last year, Richard Scrushy, the former chief executive of HealthSouth, arrived in the courtroom surrounded by supporters from local African-American...
...The one prosecution based on Sox – involving Richard Scrushy of HealthSouth – failed. Nonetheless, US leaders needed to signal unambiguously that this conduct would not be tolerated....
...reporting frauds such as Enron, WorldCom and HealthSouth....
...And the law has by no means rubbed out major accounting fraud, as the recent collapse of commodities-futures trader Refco Inc. demonstrates....
...Things took an odd turn when Richard Scrushy, the former HealthSouth chief who was acquitted last year of stealing from the company, offered his thoughts on the trial. His take?...
...and HealthSouth....
...HealthSouth is one of the biggest US providers of rehabilitative health care, helping people recover from illness and injury....
...Ebbers trial Mr Ebbers' sentence came as US federal prosecutors decided on Wednesday, in a further high profile white collar fraud case, not to pursue perjury charges against Richard Scrushy, the former HealthSouth...
...The 52 year-old founded HealthSouth from a one-room office with five employees in 1984 and built it into an international network of more than 2,000 hospitals and rehabilitation centres, with revenues of...
...Jurors in the fraud trial of Richard Scrushy, former chief executive of HealthSouth, on Friday said they were still unable to agree a verdict after two weeks of deliberations, increasing the likelihood of...
...HealthSouth is an example of a case where prosecutors lost despite tremendous evidence,” Mr Coffee said....
...Meanwhile, Richard Scrushy, former chief executive of HealthSouth, is in court as jury selection started a few weeks ago in the alleged accounting fraud case....
...Three years ago, corporate scandals at Enron, WorldCom, HealthSouth and others marked the beginning of the end of the imperial chief executive, that iconic figure revered from Wall Street to Davos....
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