Pharma Investments, Ventures & Law Weekly
Welcome to NewsRx!
Learn more about a six-week, no-risk free trial of Pharma Investments, Ventures & Law Weekly
We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.
HealthSouth Corporation
HealthSouth Reaches a Settlement With UBS Securities LLC
November 9th, 2008
HealthSouth Corporation (NYSE:HLS) announced that the Company and derivative stockholder plaintiffs have reached an agreement in principle with UBS Securities, LLC and UBS AG, Stamford Branch (together, "UBS"), as well as UBS's insurance carriers, to settle litigation filed by the derivative plaintiffs on the Company's behalf, captioned Tucker v. Scrushy, in the Circuit Court of Jefferson County, Alabama. This settlement agreement relates only to UBS and does not affect the Company's claims against Richard Scrushy and the other defendants in the Tucker action, or against the Company's former independent auditors Ernst & Young. The settlement agreement is subject to approval of the Court,...
Source: Pharma Investments, Ventures & Law Weekly (2008-11-09)
|
