Judge Orders Ex-HealthSouth Chief to Repay Nearly $48 Million (Scrushy)

[NashVegas]

http://www.nytimes.com/2006/01/04/business/04health.html?oref=login

BIRMINGHAM, Ala., Jan. 3 - A judge in Alabama ruled Tuesday that the former chief executive of HealthSouth, Richard M. Scrushy, must repay his former company more than $47.8 million in bonuses.

The ruling was returned Tuesday by Judge Allwin E. Horn III of Jefferson County Circuit Court in Birmingham as summary judgment in a shareholder lawsuit that alleged Mr. Scrushy was unjustly enriched through bonuses he received from 1997 to 2002.

Judge Horn ruled that Mr. Scrushy was not entitled to the payments, which included both regular annual bonuses and those paid if the company met performance targets.