Scrushy asks court to drop SEC suit against him

[JURIST] Former CEO of HealthSouth Corp. [corporate website] Richard Scrushy [official website] petitioned a judge Thursday to terminate the Securities and Exchange Commission (SEC) [official website] civil suit against him for corporate fraud charges since he was acquitted of criminal charges [JURIST report] last month. Scrushy's lawyers said in his brief to the court, "After being pursued for years by all the king's horses and all the king's men, he stands before this court having been acquitted of all charges against him." The civil suit [complaint] was filed against Scrushy in 2003 for $785 million to cover fines and pay back shareholders and also requests that the former CEO never be allowed to serve as any publicly held company's officer or director. AP has more.

 

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