Today, the Securities and Exchange Commission announced a “Fair Fund” that will be available to help alleviate the harm to investors by the massive HealthSouth fraud which resulted in a June 2005 judgment against the company and a widespread investigation of Richard Scrushy, Aaron Beam, and others. The fund announced today will serve to distribute the entire SEC settlement to the 67,695 investors that were harmed by the unprecedented fraud. Those interested in making a claim or learning more about the fund should visit www.hlssettlement.com
Whistleblowers who have credible information regarding securities fraud may be entitled to a substantial award. To report securities fraud or learn more about your rights as a whistleblower, contact Frohsin & Barger.