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https://www.sec.gov/litigation/complaints/comphealths.htm
COMPLAINT FOR INJUNCTIVE AND OTHER RELIEF. The Securities and Exchange Commission ("Commission") files this Complaint for Injunctive and Other Relief as follows: INTRODUCTION. Since 1999, HealthSouth Corp. ("HRC"), one of the nation's largest healthcare providers, has overstated its earnings by at least $1.4 billion.
https://www.sec.gov/news/press/2003-34.htm
Mar 19, 2003 · SEC Charges HealthSouth Corp. CEO Richard Scrushy With $1.4 Billion Accounting Fraud FOR IMMEDIATE RELEASE 2003-34 Trading in HealthSouth Securities Is Suspended; Commission Action Seeks Injunction, Money Penalties, Officer and Director Bar
http://securities.stanford.edu/filings-documents/1008/HRC98/200482_r03c_031500.pdf
claims include HealthSouth; a founder and the fo rmer Chief Executive Offi cer, Richard M. Scrushy 1 The July 19, 2004 Order limits amendments in this Second Amended Complaint to additional facts contained in the HealthSouth Report on SEC Form 8-K filed on June 1, 2004, appended hereto
https://www.law360.com/articles/4632/sec-s-healthsouth-complaint-thrashed-by-judge
In a stinging blow to the Securities and Exchange Commission in its legal onslaught against former HealthSouth Corp. chief Richard M. Scrushy, a judge has rejected the SEC’s amended complaint in ...Author: Marius Meland
https://www.marketwatch.com/story/sec-charges-healthsouth-ceo-with-14-billion-fraud
Mar 19, 2003 · HealthSouth and CEO charged ... records to make up the shortfall," according to the SEC's complaint filed in Birmingham federal court. ... the …
https://law.justia.com/cases/federal/district-courts/FSupp2/261/1298/2515723/
May 07, 2003 · SEC v. HealthSouth Corp., 261 F. Supp. 2d 1298 (N.D. Ala. 2003) case opinion from the U.S. District Court for the Northern District of Alabama ... H.R. 802-03. In its Amended Complaint, the SEC asserts that 20 million dollars was indeed the impact Transmittal 1753 would have on HealthSouth's profits. ... HealthSouth and the SEC agreed to a ...
https://www.chegg.com/homework-help/questions-and-answers/case-study-1-introduction-healthsouth-corporation-large-public-healthcare-company-operates-q27654204
ALLEGATIONS OF CORPORATE ACCOUNTING FRAUD After the close of business on March 18, 2003, the FBI used a search warrant to raid HealthSouth’s headquarters and seize the Company’s financial records,13 and on March 19, the Securities and Exchange Commission (SEC) filed a civil complaint against HealthSouth for accounting fraud.14 The SEC ...
https://www.chicagotribune.com/news/ct-xpm-2003-03-20-0303200271-story.html
Mar 20, 2003 · The SEC's complaint alleges that HealthSouth overstated earnings by $1.4 billion over 3 1/2 years--reporting $1.56 billion in pretax profits from 1999 through the first six months of 2002, when ...
http://securities.stanford.edu/filings-case.html?id=100835
According to the complaint, throughout the Class Period, HealthSouth issued press releases and filed reports with the SEC announcing impressive revenue and earnings growth and repeatedly assuring the market that the Company was well on its way to meeting its financial targets for the year 2002 and that its fundamentals were strong.
https://www.rgrdlaw.com/cases-healthsouth-litigation.html
The U.S. Securities and Exchange Commission (“SEC”) instituted enforcement actions against HealthSouth, UBS, and several of UBS’s former and current bankers and analysts. In April 2007, HealthSouth settled with the SEC for $100 million. The SEC’s enforcement actions against UBS and its former and current personnel remained ongoing. Mr.
https://www.thestreet.com/investing/stocks/sec-sees-betrayal-at-healthsouth-10075191
Mar 19, 2003 · The SEC says HealthSouth's accountants would generally follow through by increasing a revenue account and/or decreasing expenses to hike earnings. ... The complaint goes on …
https://sites.google.com/site/healthsouthscandalinfos6/refrences
Richard Schrushy [Photograph] At: http://media1.s-nbcnews.com/j/CNBC/Sections/News_And_Analysis/__Story_Inserts/graphics/__PEOPLE/scrushy_richard.grid-6x2.jpg ...
https://www.orlandosentinel.com/news/os-xpm-2003-03-20-0303200210-story.html
The SEC's complaint alleges that HealthSouth overstated earnings by $1.4 billion over 3 1/2 years -- reporting $1.56 billion in pretax profits from 1999 through the first six months of 2002, when ...
https://www.chegg.com/homework-help/questions-and-answers/fraud-investigation-healthsouth-one-nation-s-largest-providers-outpatient-surgery-diagnost-q23321781
Question: The Fraud Investigation HealthSouth Is One Of The Nation’s Largest Providers Of Outpatient Surgery, Diagnostic Imaging, And Rehabilitative Services. In 2003, The SEC Filed A Complaint Against The Company And Its CEO, Richard Scrushy, For Violating Provisions Of The Securities Act Of 1933 And The Securities Exchange Act Of 1934.
https://www.bmartin.cc/dissent/documents/health/healthsouth_court.html
Under the SEC settlement, HealthSouth will pay $12.5 million by Oct. 15 and the full amount outstanding by October 2007. The SEC alleged that HealthSouth overstated earnings by $1.4 billion in a lawsuit made public in March 2003. Other estimates later put the overstatement at about $2.7 billion.
https://sites.google.com/site/healthsouthscandalinfos6/how-they-did-it
How they did it. When the Financial accounts started to get weaker at HealthSouth, Scrushy instructed accountants and senior officers to falsify the company earnings to meet the investors’ expectations. The earnings of the company shows a true reflection of how the company is performing. ... Hicks, W. (2014). Complaint: Healthsouth ...
https://www.nytimes.com/2003/03/20/business/hospital-chain-is-accused-of-accounting-fraud.html
Mar 20, 2003 · HealthSouth's auditor, Ernst & Young, did not detect the fraud because company executives created false ledgers and other records to cover their tracks, the complaint said.
https://www.cfo.com/2003/09/former-cfo-of-nvidia-faces-fraud-charges/
Sep 15, 2003 · The complaint also charges that Martin sold HealthSouth stock while knowing that the share price was inflated artificially due to the materially false financial statements. The SEC has filed a court complaint seeking permanent injunctions; orders of disgorgement, prejudgment interest, and civil penalties against Martin and McVay.
https://en.wikipedia.org/wiki/Richard_M._Scrushy
Richard Marin Scrushy (born August 1952) is an American businessman and convicted felon.He is the founder of HealthSouth Corporation, a global healthcare company based in Birmingham, Alabama.. In 2004, following an investigation by the Federal Bureau of Investigation (FBI), charges were brought against Scrushy by the U.S. Securities and Exchange Commission (SEC).Born: Richard Marin Scrushy, August 1952 (age …
https://www.deseret.com/2003/3/20/19710646/healthsouth-faces-fraud-charges
Mar 20, 2003 · The complaint said the company had issued fake earnings at Scrushy's instruction since it went public in 1986. The SEC halted trading in the company for two days. "HealthSouth's fraud represents an appalling betrayal of investors," said Stephen M. Cutler, SEC enforcement director.
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