U.S. Securities and Exchange Commission

WBRC

A federal judge in Alabama has ruled that a former HealthSouth CEO is unfit to lead a new public company.

A U.S. District Court judge denied a request by ex-HealthSouth CEO Richard Scrushy to lift a sanction prohibiting him from assuming an executive position in companies that sell securities to the public.

forbes.com

Federal regulators are asking a federal judge in Birmingham to set a trial date and avoid further delays in a civil fraud lawsuit against two former bankers accused of making payoffs to win billions of dollars in deals involving municipal sewer bonds.