xiaochu

A final, $445 million settlement between HealthSouth Corp. and investors was announced Wednesday to end class-action lawsuits stemming from a huge fraud at the health services company.
Under the agreement, which goes to a judge for approval, the Birmingham-based company will pay $215 million in cash, stocks and warrants. Insurance companies will pay the remaining $230 million.
"This settlement represents another significant milestone in HealthSouth's recovery and is a powerful symbol of the progress we have made as a company," chief executive Jay Grinney said in a statement.

smarty

$215 million in cash, stocks and warrants is a lot !!!
Insurance companies sure are at a loss with frauds of such massive amounts !!

louj

Now that is an understatement. That amount could feed a poor country for years. Frauds are becoming very rampant today as more and more are now accustomed to different types of transactions. There should be more security regarding these types on business, especially with a multi-million dollar transaction.