Possible settlement in DOJ case against HealthSouth

[JURIST] HealthSouth and the US Department of Justice have reportedly reached a settlement agreement in the wake of allegations the company filed false Medicare reports with the US government, costing tax payers $2.7 billion. The settlement, worth $325 million, will help the company regain investor confidence. In addition to filing false Medicare claims, HealthSouth was charged with falsifying financial reports in March of 2003 by the US Securities and Exchange Commission. According to HealthSouth's Chief Financial Officer John Workman the company is still in the process of restating earnings during the period of 2000-2003. Bloomberg has more.

 

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