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BIRMINGHAM, Ala. (AP) - Fired HealthSouth Corp. CEO Richard Scrushy must repay $47.8 million in bonuses he wrongly received during a massive financial fraud at the rehabilitation and medical services chain, the Alabama Supreme Court ruled Friday.
The court unanimously upheld a lower court order that sided with a shareholder who sued Scrushy claiming the HealthSouth chief received the bonuses improperly as the scandal secretly engulfed the company for seven years beginning in 1996.
Ruling for the first time on the legal claims in the case, the justices rejected Scrushy's arguments that he was due to keep the money even though HealthSouth lost millions during the period when it was reporting profit.
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