CEO Richard Scrushy

The U.S. Supreme Court on Tuesday ordered a new review of the convictions in the government corruption case against former Alabama Gov. Don Siegelman and ex-HealthSouth CEO Richard Scrushy.The court's brief order vacated the decision of the 11th U.S. Circuit Court of Appeals, which had upheld their convictions, and ordered it to review their appeals in light of a ruling that went against what is known as the "honest services fraud" law.Last week the justices found fault with the anti-fraud...Read Full Story

The Obama administration is opposing former Gov. Don Siegelman's appeal of his felony corruption conviction before the U.S. Supreme Court, arguing that federal prosecutors presented enough evidence to prove bribery.Siegelman, a Democrat like the president, and former HealthSouth Corp. CEO Richard Scrushy claim their case raises broad questions about how much evidence is needed to prove that bribery occurred. They contend the conduct in question was routine politics.The Justice Department...Read Full Story

NEW YORK (Reuters) - The Swiss bank UBS AG and the accounting firm Ernst & Young LLP have agreed to $250.5 million of settlements to resolve investor lawsuits over a fraud that nearly destroyed the hospital operator HealthSouth Corp.UBS insurers will pay $117 million to HealthSouth shareholders and $100 million to bondholders, and Ernst & Young will pay $33.5 million to the bondholders, documents filed on Thursday with the federal court in Birmingham, Alabama show.The settlements require...Read Full Story

Ninety-one former attorneys general from U.S. states and territories asked the U.S. Supreme Court Friday to hear former Alabama Gov. Don Siegelman's appeal of his federal bribery conviction, claiming it raises important issues on political speech.The bipartisan group filed a brief arguing that it wasn't against the law for Siegelman to name former HealthSouth CEO Richard Scrushy to a powerful hospital regulatory board after Scrushy arranged donations to Siegelman's campaign for a state...Read Full Story

Former HealthSouth CEO Richard Scrushy is asking a federal appeals court to release him from prison as his appeal is considered.Scrushy made the request in light of a U.S. Supreme Court decision last month that ordered a review of his government corruption convictions and those of former Alabama Gov. Don Siegelman. Scrushy had been denied appeal bond in 2008 but wants the appeals court to reconsider that order.The former CEO's attorneys say in a new motion filed this week that Scrushy is now...Read Full Story