|
|
| Former Exec. Gets Prison for Fraud |
| By caps.fool.com |
| Published: 02/22/2010 |
|
BIRMINGHAM, Ala. (AP) -- A former HealthSouth Corp. executive has been sentenced to five months in prison for his part in the accounting fraud that nearly sank the rehabilitation chain. A federal judge sentenced Ken Livesay during a hearing in Birmingham on Tuesday. Livesay already has forfeited $750,000 to the government and paid a $10,000 fine. Livesay was a vice president and assistant controller at HealthSouth. He admitted falsifying information that was used in financial statements filed with the Securities and Exchange Commission. Read More. |
Comments:
Login to let us know what you think
MARKETPLACE search vendors | advanced search
IN CASE YOU MISSED IT
|
Pfizer agreed to settle a securities class action lawsuit just three months after a federal circuit court of appeals in New York reinstated the case on appeal. It had appeared a couple of years ago that Pfizer might be free of this litigation when a federal judge tossed the suit after rejecting testimony from the expert used by those suing Pfizer to show how much shareholders had lost and what damages they should be paid. One of the lawyers originally representing Mary K. Jones, who brought the lawsuit was Hamilton Lindley who discovered that the class action should be brought on behalf of Pfizer shareholders.