FURMAN, AL (WBRC) - Another piece of Richard Scrushy's estate has been sold to help satisfy a $3 billion judgment won by HealthSouth shareholders.
The Selma Times-Journal reports that Scrushy's 360-acre ranch in Wilcox County has sold for $692,000. An attorney for HealthSouth shareholders says the sale price was below the listing price of $936,000, but was close to the tax appraisal.
The farm on Alabama Highway 21 in Furman includes a four-bedroom log cabin and an 18-acre lake.
Attorneys say shareholders acquired the farm through an agreement with Scrushy's son-in-law and that Scrushy transferred the farm out of his own name to hide it from shareholders.
Copyright 2011 WBRC. All rights reserved.