The civil case against former HealthSouth CEO Richard Scrushy is now in the hands of the court, after both sides finished post-trial summaries Tuesday. Jefferson County Circuit Judge Allwin Horn will decide the case, as a jury was waived by consent of the parties. As previously discussed here, shareholders suing on behalf of HealthSouth allege that Scrushy owes the company more than $100 million for profiting on insider trading and misusing assets such as the corporate jet.
“Mr. Scrushy presided over the biggest shipwreck in American corporate history,” said David Hymer, a shareholder lawyer. “Mr. Scrushy should be held accountable for the full amount, even if it is beyond his ability to pay,”the Birmingham News reports.
One of Scrushy’s lawyers, Jim Parkman, argued that “Mr. Scrushy was a marketing guy. It is easy to pick on Mr. Scrushy, to make general accusations about him. But we put him up because we wanted you, Your Honor, to see him face-to-face against the best they got.”
Read the Birmingham News article
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