Thursday, June 11, 2009

HealthSouth Lawyers Want $20M For Going After E&Y

The New Mexico attorney general says that the attorneys that sued E&Y on behalf of HealthSouth Investors should receive $20 million on a proposed $109 million settlement.

The settlement was over E&Y's failure to detect the $2.7 billion fraud at HealthSouth that was pretty much all Richard Scrushy's fault.

According to the article the AG said that the fee was "reasonable" because of counsel's "superior skill and ability"

In a strange bit of irony, it's likely that because of E&Y's superior skill and ability, they must have concluded that the $2.7 billion discrepancy was reasonable.

HealthSouth Investors’ Lawyers Deserve $20 Million [Bloomberg] Sphere: Related Content

No comments:

Post a Comment