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Workers' Suits Settled By Healthsouth
August 9, 2005
HealthSouth Corp. agreed to a $25 million settlement to resolve lawsuits by workers alleging it mismanaged an employee stock option plan by purchasing company shares whose price was inflated by an accounting fraud. Under terms of the accord, HealthSouth, the largest U.S. provider of rehabilitation medicine services, would pay $7 million, and insurers would pay $18 million, the company said.