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Professional Commentary
23 Mar 2009

John H. Eickemeyer [Shareholder, Vedder Price P.C.]: "The indictment if Mr. Friehling is hardly unexpected, as is the accompanying civil action by the SEC. The conduct alleged in the complaint certainly goes beyond poor auditing - in essence, Mr. Friehling is alleged to have done virtually no auditing at all. … [read more]


Legal News
18 Mar 2009
by Devin Montgomery

[JURIST] The US Securities and Exchange Commission (SEC) [official website] on Wednesday charged [complaint, PDF; press release] accountant David Friehling with fraud for his alleged role in the securities fraud scheme committed by financier Bernard Madoff [JURIST news archive]. In the complaint, the SEC alleges that Friehling and his accounting … [read more]


Legal News
29 Jun 2006
by Tom Henry

[JURIST] Former Alabama Governor Don Siegelman [official profile; campaign website] and former HealthSouth [corporate website] CEO Richard Scrushy [JURIST news archive] on Thursday were convicted [DOJ press release] of federal bribery and fraud charges [JURIST report]. Siegelman was convicted on 10 counts, including bribery, conspiracy, and mail fraud. Scrushy was … [read more]


Legal News
13 Dec 2005
by Sara R. Parsowith

[JURIST] A federal grand jury on Monday indicted former HealthSouth CEO Richard Scrushy [defense website] Richard Scrushy and Former Alabama Gov. Don Siegelman [official profile] on fresh charges of corporate corruption, the latest in a series of allegations against the men. The new indictment accuses Scrushy of paying off Siegelman … [read more]


Legal News
5 Dec 2005
by Alexandria Samuel

[JURIST] In an address to the American Institute of Certified Public Accountants [official website] Monday, Securities and Exchange Commission [official website] chairman Christopher Cox [official profile] called [speech text] for "more streamlined" national accounting rules that are crafted to promote competition rather "than hinder it". Many argue that the accounting … [read more]


Legal News
28 Jun 2005
by David Shucosky

[JURIST] A jury has found former HealthSouth CEO Richard Scrushy [JURIST news archive] not guilty on charges of wire and mail fraud, money laundering, conspiracy, and violations of the Sarbanes-Oxley Act [summary]. Scrushy was the first CEO to be charged with violating the act. The jury, originally given the case … [read more]


Legal News
6 Jun 2005
by Tom Henry

[JURIST] Lawyers for former HealthSouth CEO Richard Scrushy [JURIST news archive] said Monday he is unwilling to reach a plea bargain with prosecutors and is prepared for a retrial if necessary. Scrushy denies wrongdoing in the $2.7 billion accounting fraud case in which prosecutors have charged him with wire and … [read more]


Legal News
3 Jun 2005
by Tom Henry

[JURIST] Jurors in the trial of former HealthSouth CEO Richard Scrushy [JURIST news archive] told US District Court Judge Karon Bowdre in a note Friday that they were deadlocked with regard to all charges [original indictment, PDF]. Scrushy, who has been accused of mail and wire fraud as well as … [read more]


Legal News
1 Jun 2005
by David Shucosky

[JURIST] Bloomberg is reporting that US Securities and Exchange Commission Chairman William Donaldson [official profile] is stepping down on June 30.3:15 PM ET - The SEC has posted a press release detailing the departure of Donaldson later this month. … [read more]


Legal News
31 May 2005
by Tom Henry

[JURIST] Members of an Alabama jury apparently split [JURIST report] over whether to convict former HealthSouth Corp. [corporate website] CEO Richard M. Scrushy [Wikipedia profile] have agreed to add an hour of work to their daily deliberations, according to a federal court official's statement Tuesday. The jury has typically worked … [read more]

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