Witness Says Scrushy Ordered Books Fixed
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Former HealthSouth Corp. chief executive Richard M. Scrushy instructed his top finance officers to "fix the numbers" in the summer of 1996 to make the company's results meet Wall Street estimates, touching off a $2.7 billion accounting fraud, a co-founder of the company testified Wednesday.
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A version of this story appeared in Sunday's print edition.
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The war is over: Judith Regan, the publisher fired in the wake of her efforts to release O.J. Simpson's hypothetical "confession," has settled her $100 million lawsuit with Rupert Murdoch's News Corporation.
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Memoirist James Frey and Random House, Inc. have agreed in principle to settle lawsuits filed by readers who said they were defrauded by fabrications in Frey's million-selling book, "A Million Little Pieces," the publisher said.
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Yes, controversy sells. Criticism of an award-winning children's book over the word "scrotum" has brought Susan Patron's "The Higher Power of Lucky" into the top 40 on Amazon.com.
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The book retailer looks a little pricey at the moment.
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Prosecutors got to the heart of their fraud case against fired HealthSouth CEO Richard Scrushy on Tuesday with a former finance chief testifying Scrushy told him to overstate earnings of the rehabilitation giant.
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The book retailing superstore has new stories worth telling.
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A family that claimed they were defamed in the best-selling book "Running with Scissors" has settled a lawsuit against the writer and his publisher.
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An ink expert who testified for the government at the Martha Stewart trial was found not guilty yesterday of lying on the witness stand.
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BIRMINGHAM, Feb. 9 -- Federal prosecutors on Wednesday introduced the centerpiece of their fraud case against former HealthSouth Corp. founder Richard M. Scrushy, playing for the jury 13 minutes of secretly recorded audiotapes in which Scrushy tells subordinates, "This conversation did not happen," and boasts that he got the better of government investigators.
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BIRMINGHAM, Ala.  - Former HealthSouth Corp.  finance officer William Owens on Friday testified that ousted  Chief Executive Richard Scrushy promised to take care of his  family if Owens took the blame for the massive accounting fraud  at the health-care company.
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Fired HealthSouth chief executive Richard Scrushy made millions off a seven-year scheme to overstate earnings by about $2.7 billion as investors large and small suffered, a prosecutor told jurors yesterday as testimony opened in Scrushy's corporate fraud trial.
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Judith Regan the publisher who was fired from HarperCollins in late 2006,  has settled her $100 million defamation lawsuit against News Corporation, Harperâs parent.
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PeopleSoft&#39;s board knew that CEO Craig Conway had erred in his comments, so it filed a corrected version of the meeting transcript with the Securities and Exchange Commission.
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Tycho: There are two things I must mention.First, Gabriel liked the cover for book four (entitled "Birds Are Weird") so much that he wanted to make a poster of it, and it's not worth arguing with him when he gets like that so we let him do it. It is, even now, awailable!Also: PAX preregistration opens today, and since we've had a couple of these now you probably know if it's something you'd like to attend. You save ten dollars over the door price, which is, like, ten bucks. This is money you could put toward some other purpose!(CW)TB
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(InfoWorld) - Apple does not agree that a manufacturing defect caused power failures in an iBook G4 laptop sold in Denmark, but it refunded the customer's money, said the country's Consumer Complaints Board. An Apple spokeswoman in the U.S. said, "Apple disagrees with the DCCB's findings based on our own investigation, and has a strong track record for customer satisfaction." The case is just one of many concerning the iBook G4 that the board has heard about, Frederik Navne Boesgaard, the complaints board's legal adviser, said Wednesday. Apple also faces a class action lawsuit in the U.S. District Court for the Central District of California concerning a similar problem with the iBook G4. In a complaint filed on Nov. 7, plaintiff Alan Vitt said the computers' motherboards fail at an abnormally high rate. Apple is seeking to have the complaint dismissed -- its filing on that motion is due Thursday with the next hearing in the case set for Oct. 4. The Danish complaints board, part of the government-funded National Consumer Agency, published a technical report on faulty iBooks in May. The study found solder joints around a voltage regulator were flawed in such a way as to deteriorate each time the computers were turned on or off, until they would no longer start up. However, using a clamp to apply pressure to the computers' casing, next to the trackpad, closed up the broken joints and allowed the computer to start -- a clear sign of an original design flaw, the study concluded. In response, Apple submitted its own technical report saying that the flaw was not due to cycling the power on and off, but this was not enough to sway the board's decision. Two weeks ago, the board challenged Apple to concede the point and refund the customer's money or take their customer to court. Apple paid up, said Navne Boesgaard. The complaints board is handling four such cases, and owners of faulty iBook G4s continue to come forward: 15 more have called him in recent days, he said. The faulty iBooks were among the first notebooks using the G4 processor that Apple produced and had an opaque white casing like their G3 predecessors. The machines examined, the 800MHz Model 9164LL/A and the 1GHz Model 9426LL/A, were introduced in April 2004 and discontinued in October of that year. The board received the complaints between April and November 2006.