Bondholders Reach Settlements Worth $226 Million Over Fraudulent Statements
In re HealthSouth Corporation Securities Litigation | U.S. District Court for the Northern District of Alabama, Southern Division | Case No. CV-03-BE-1500
Cunningham Bounds served as co-lead counsel for bondholder plaintiffs in a lawsuit against HealthSouth, UBS and Ernst Young for fraudulent statements concerning the company’s finances, which resulted in the loss of hundreds of millions of dollars to bondholders. The bondholder plaintiffs have reached settlements with HealthSouth, UBS and Ernst & Young totaling over $226 million.