Not the football conference
Former HealthSouth CEO Richard Scrushy was acquitted in his criminal trial last week, but he still isn't off the hook with the federal government.
Securities and Exchange Commission officials will go ahead with their almost $800 million civil fraud lawsuit against Scrushy, an SEC spokesman said Tuesday. The agency also wants a judge to block Scrushy from being a director or officer for any public company. Notably, the government can satisfy its burden of proof in civil lawsuits more easily than in criminal cases.
Securities and Exchange Commission officials will go ahead with their almost $800 million civil fraud lawsuit against Scrushy, an SEC spokesman said Tuesday. The agency also wants a judge to block Scrushy from being a director or officer for any public company. Notably, the government can satisfy its burden of proof in civil lawsuits more easily than in criminal cases.
posted by Alabamian at 5:30 AM
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