HealthSouth shareholders, represented by lead counsel from Coughlin Stoia, announced a $109 million settlement Tuesday with Ernst & Young, which was the company's accountant. The settlement is about a quarter of the size of the deal that shareholders reached some years ago with HealthSouth itself, but Patrick Coughlin said he's pleased with the result. "As far as accountants go, this is one of the top settlements ever," he said. The settlement comes days before a scheduled class certification hearing.
Ernst & Young Settles With HealthSouth Shareholders for $109 Million
The American Lawyer
March 25, 2009