HealthSouth Securities Settlement Funds

 

Welcome to the Information Website of the
HealthSouth Securities Settlement Funds

IMPORTANT UPDATE: 04/08/2014
On April 8, 2014, a supplemental distribution from the remaining cash net settlement fund was made to Claimants who cashed their check from the July 23, 2010 initial distribution of the settlement fund. If you received a check from this recent distribution, please cash it promptly. Failure to cash the check by the void date may result in the forfeiture of the funds.

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. Late claims received through February 1, 2010 were processed. In accordance with the Court's orders, claims filed after February 1, 2010 will not be accepted for any reason after February 1, 2010.

If you have any questions with regard to the SEC settlement, please contact the Claims Administrator by calling toll-free, 1-888-952-9108. If you have any questions with regard to the class action settlement, please contact the Claims Administrator by calling toll-free, 1-877-552-1278. You may also send an email with your question to hlssettlement2@rustconsulting.com.



In addition to the HealthSouth Securities Settlement discussed in this website, plaintiffs in the Bondholder Action recently reached settlements with Ernst & Young LLP ("E&Y") and the UBS Defendants. On May 12, 2010, the court preliminarily approved a $33.5 million settlement with E&Y and a $100 million settlement with the UBS Defendants. If you purchased or acquired HealthSouth bonds, notes or other debt instruments from March 30, 2000 through and including March 18, 2003, you may be able to recover from the E&Y settlement. If you purchased or acquired HealthSouth bonds, notes or other debt instruments from September 20, 2000 through and including March 18, 2003, you may be able to recover from the UBS settlement. Click here to obtain more information about the HealthSouth E&Y/UBS Bondholder settlements.


In addition to the HealthSouth Settlement, the Stockholder Lead Plaintiffs recently reached a settlement with the UBS Defendants. On May 12, 2010, the court preliminarily approved a $117 million settlement with the UBS Defendants. If you purchased or otherwise acquired the stock or options of HealthSouth Corporation between September 20, 2000 and March 18, 2003, inclusive, and were damaged thereby, you may be able to recover from this settlement. Click here to obtain more information about this settlement.


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.

 

 

 
 
Last Updated: April 8, 2014