In Re HealthSouth Corp. Shareholders Litigation

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• rejecting insider's attempt to \wield the doctrine of in pari delicto to escape liability\
• noting general rule that the knowledge of an agent is imputed to its principal
• “It seems obvious that the plaintiffs have proven that the Buyback unjustly enriched [HealthSouth CEO] Scrushy.”
• “When corporate fiduciaries . . . have a self-interest in concealing information—such as the falsity of the financial statements that they had helped prepare—their knowledge cannot be imputed to the corporation.”
• “When corporate fiduciaries — such as HealthSouth managers - have a self-interest in concealing information ~ such as the falsity of the financial statements that they had helped prepare — their knowledge cannot be imputed to the corporation”

Source: CourtListener parenthetical corpus (CC0).