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Stock Market & Financial Investment News

News Breaks
December 18, 2012
18:12 EDTHLSHealthSouth announces panel rules to dismiss company's claims
HealthSouth Corporation announced that the American Arbitration Association panel granted Ernst & Young's motion to dismiss the claims based on legal grounds that do not address the underlying merits of HealthSouth's claims. The claims against Ernst & Young included, among other things, that from 1996 through 2002, Ernst & Young acted recklessly and with gross negligence and failed to perform reviews and audits of the company's financial statements with due professional care as required by law and by its contractual agreements with the company. "We strongly disagree with the decision of the panel and believe that their decision does not reflect Alabama law. HealthSouth will diligently pursue its appellate rights and remains committed to seeking recovery of amounts from parties involved during the period when improper accounting practices directed by former officers and employees of the company occurred," John Whittington, General Counsel of HealthSouth said.
News For HLS From The Last 14 Days
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September 29, 2014
07:49 EDTHLSHealthSouth set-up looks compelling, says RW Baird
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September 19, 2014
07:40 EDTHLSHealthSouth to benefit from passage of bill, says Wells Fargo
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