The federal appeals court in Atlanta has rejected objections to the settlement of a securities fraud suit against HealthSouth.
Former HealthSouth Chief Executive Officer Scrushy, who is serving a prison sentence for an unrelated bribery charge, had complained that the settlement was unfair to him because it cut off his legal defense funds and other benefits. AIG Global Investment Group, a division of the embattled insurance giant, had argued that it should have been allowed to opt out of the class of plaintiffs in the case.
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