The Securities Law Blog has been providing investors, advisors and attorneys with news and expert commentary from top securities attorneys and regulators since 1995. Updated daily.
Thursday, February 23, 2006
HealthSouth Settles Securities Fraud Claims for $445 Million
Lerach Coughlin Stoia Geller Rudman & Robbins LLP as Co-Lead Counsel for the Central States Southeast and Southwest Area Pension Funds and Labaton Sucharow & Rudoff LLP as Co-Lead Counsel for the New Mexico State Investment Council and the Educational Retirement Board of New Mexico, announced today that they have reached a landmark $445 million settlement agreement in the federal securities class action lawsuit to settle litigation filed against HealthSouth, certain of its former directors and officers and certain other parties in the United States District Court for the Northern District of Alabama relating to allegations of massive securities fraud and related activity that occurred at the company during periods ended in March 2003.