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HealthSouth settles class action

July 29, 2005

HealthSouth, “working to recover from massive accounting fraud,” is accountable now for a$25 million settlement:

Under the terms of the settlement, HealthSouth will contribute $7 million and its insurance carriers will pay $18 million to its employee stock benefit plan to settle the dispute.

Neither HealthSouth, nor its insurance carriers, have admitted or denied the claims.

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