This website provides information about the HealthSouth Securities Settlement
Funds. These Funds were created by the settlement of separate cases brought by
the U.S. Securities and Exchange Commission (SEC) and plaintiffs in class
actions in U.S. District Court.
On this website, you will find detailed information about the Settlements; who
is eligible to receive a payment from the Settlements; and answers to
frequently asked questions.
At the time they were reached, these settlements totaled approximately $550
million in cash and securities for distribution to investors who purchased or
otherwise acquired HealthSouth stocks, bonds and/or options during certain time
periods.
The deadline for submitting a claim was February 28, 2008. To date, late claims
have been processed because they have not delayed distribution of the
settlement funds. You may still submit a Claim Form with the required
documentation to support all transactions. If you do submit a claim now, it
will be marked late, and it may not be processed if it would delay distribution
of the settlement funds. With respect to all late-submitted claims, even if
they are otherwise valid, there can be no assurance that they will be accepted.
That is a determination that the Courts will make.
Preparations to pay valid claims, including confirmation of claimant addresses,
are underway and checks will be mailed upon approval of the courts overseeing
the cases.
If you have any questions about the deadline for filing, or correspondence you
have received from the Claims Administrator, please contact the Claims
Administrator by calling toll-free, 1-888-952-9108, or by sending an email to
mail@HLSSettlement.com.
Please check this website frequently for updates on claims processing.
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In addition to the HealthSouth Securities Settlement, the stockholder plaintiffs
recently reached a partial settlement with defendant Ernst & Young LLP ("E&Y").
On March 27, 2009, the court preliminarily approved a $109 million settlement
with E&Y. If you purchased or acquired HealthSouth common stock or options
between March 30, 2000 and March 18, 2003, you may be able to recover from the
E&Y settlement.
Click here to obtain more information about this settlement.
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