On Friday, attorneys for HealthSouth shareholders asked Alabama Circuit Judge Allwin E. Horn to freeze the assets of former HealthSouth CEO Richard Scrushy, against whom they obtained a massive nearly $2.9 billion judgment last week. One of the attorneys acknowledged that there was no expectation of getting the full judgment from Scrushy, but said that he hoped to eventually collect as much as $100 million, the AP reports.
If granted, the freeze will prohibit Scrushy from hiding assets while the case is being appealed. “We want to get started today. Every day gives him opportunity to do something else with his assets and makes them harder for us to find,” said Bruce McKee, an attorney for the shareholders.
The AP reports that Alabama law “gives defendants in civil cases 30 days to appeal after a verdict and normally suspends collection efforts during that time. But the shareholders’ Friday motion asks Horn to freeze Scrushy’s assets and allow attorneys to begin collection efforts immediately.”
[…] Judge Allwin E. Horn granted the HealthSouth shareholders’ motion filed Friday (discussed here) to freeze the assets of HealthSouth Corp. founder Richard Scrushy. On June 18, the shareholders […]
[…] his financial assets. Scushy has a $2.9 billion judgment against him following a recent court decision, and lawyers for plaintiffs attempting to collect are seeking more […]
[…] Leslie Scrushy, the wife of former HealthSouth Corp. CEO Richard Scrushy, is claiming ownership of most items in the seized Vestavia Hills and Lake Martin homes, and a trial will be held in November to settle the matter. The Birmingham News explains that ownership of items such as art, furniture, boats and more is at issue because HealthSouth shareholders are now entitled to seize Richard Scrushy’s assets to satisfy a massive judgment against him obtained in June 2009. […]