HealthSouth Corp. founder Richard Scrushy’s 70-month prison sentence for making a campaign contribution to Alabama’s former governor in exchange for a seat on a state hospital board was upheld by a federal appeals court.
HealthSouth Corp. founder Richard Scrushy may be freed this year after being resentenced to 70 months in prison for making a campaign contribution to Alabama’s former governor in exchange for a seat on a state hospital board.
A group of Indiana pension funds that hold first-lien debt of Chrysler LLC objected to a plan to auction the company’s assets and said a U.S. District Court judge should rule on whether the sale is lawful.
Bank of America Corp. is impeding an investigation of its loan modification practices by negotiating settlements with borrowers who must agree to keep them secret and not criticize the bank in exchange for cash payments and loan relief, Arizona officials say.
Bank of America Corp. and JPMorgan Chase & Co. , along with three other U.S. mortgage servicers, proposed paying $5 billion to settle a probe of their foreclosure practices by state and federal officials, two people familiar with the matter said.