Alabama Judge Grants Motion to Freeze Scrushy’s Assets

Yesterday, Jefferson County Circuit 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 won a nearly $2.9 billion judgment against Scrushy related to the accounting fraud at the company.

The AP reports that the judge’s rulng bars Scrushy from “selling or concealing his holdings — including homes worth $33 million, artwork by Picasso, racing boats and airplanes — while the other side tries to collect.”

John Somerville, an attorney representing the shareholders, said they would “seek every penny” in Scrushy’s possession.

Read the AP article