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News Breaks | | | | December 18, 2012 | | 18:12 EDT |  | HLS | HealthSouth 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. | |
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| June 18, 2013 | | 16:38 EDT |  | HLS | HealthSouth to reiterate FY13 guidance
HealthSouth will participate in the 2013 Wells Fargo Securities Healthcare Conference in Boston on June 18-19. The company will also reiterate its 2013 guidance. The company still expects to be at the high end of, or greater than, the following ranges: Adjusted EBITDA of $506M-$516M and EPS from continuing operations attributable to HealthSouth of $1.61- $1.68, compared to consensus estimates of $1.73. | |
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