HealthSouth Corp. will pay $100 million to settle charges brought against it by the Securities and Exchange Commission alleging that it cooked its books by more than $2 billion over several years.
In a March 2003 civil action, the SEC charged the health care services provider with violating securities laws by overstating its earnings by at least $1.4 billion in order to meet Wall Street earnings expectations. That number eventually grew to $2.7 billion.
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