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Welcome to the Information Website of the
HealthSouth Securities Settlement Funds
IMPORTANT UPDATE July 23, 2010
The Court overseeing the HealthSouth Securities Settlement distributions has
given approval to distribute checks to valid claims eligible for payment.
Checks began mailing on July 23, 2010.
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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 mail@HLSSettlement.com.
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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.
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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.
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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.
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