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Judge orders mediation in SEC case against Scrushy

[JURIST] A US district judge Friday ordered mediation in a civil suit brought by the US Securities and Exchange Commission [official website] against former HealthSouth [corporate website] CEO Richard Scrushy [official website], raising the possibility of settlement in the $800 million suit [SEC news release]. US District Judge Inge Johnson said in a short order that mediation was appropriate since it had been used in separate suits against Scrushy by investors. Although details of the negotiations have not been worked out, Scrushy's spokesman said the order was a positive development. Scrushy was acquitted of criminal charges [JURIST report] earlier this summer over his involvement in the $2.7 billion fraud scandal that came to light in 2003. AP has more.

Previously in JURIST's Paper Chase...

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Paper Chase is JURIST's real-time legal news service, powered by a team of 30 law student reporters and editors led by law professor Bernard Hibbitts at the University of Pittsburgh School of Law. As an educational service, Paper Chase is dedicated to presenting important legal news and materials rapidly, objectively and intelligibly in an accessible format.

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