He was cutting off access to Internet chatrooms from the HealthSouth computers.
Investors looking for scandal-stock bargains may be making room for HealthSouth HLSH. She said, however, that prosecutors would appeal the counts brought against Scrushy, including a perjury charge, that Judge Bowdre dismissed. Jacob Frenkel, a former federal prosecutor, noted the number of ex-HealthSouth CFOs who pointed their fingers at Scrushy. Scrushy still faces numerous civil lawsuits from angry investors. Richard Scrushy, former HealthSouth CEO, thanks the jury, his family and God on the acquittal. Quotes supplied by ComStock, an Interactive Data company. He was cutting off access to Internet chatrooms from the HealthSouth computers. Healthsouth's financial history was predicated on fraud.
The charges against Bennett will complicate Scrushy's defense, because Bennett almost certainly would have been a witness on the former CEO's behalf. As the verdict was read in the early afternoon Tuesday, defense lawyers were crying while the prosecutors sat stone-faced, according to an eyewitness in the courtroom. Martin declined to speculate about any mistakes she and her team may have made, saying she could not know until the jurors discuss their deliberations. And that's why the risks may still outweigh the rewards for some. For the latest on other high-profile corporate scandals, click here. If the appeal succeeds, Martin said Scrushy will stand trial on those counts. Scrushy said that, now that he has his acquittal, "I'm going to let my family get theirs. Quotes for Nasdaq securities are delayed 15 minutes.
Scrushy has pleaded not guilty to 85 criminal counts and is awaiting trial. Of course, none of this meant that my stock picking was right all the time. It was a source of frustration to his mother, who told him he had great potential and prodded him to use it. As with all equity stock market investing, no return can be guaranteed. Scrushy's trial was the first test case of that provision.