IN RE HEALTHSOUTH CORP. SECURITIES LITIGATION

No. 07-10701.

572 F.3d 854 (2009)

In re: HEALTHSOUTH CORPORATION SECURITIES LITIGATION. Lead Plaintiffs, Central States Group and New Mexico Group for Stockholder Litigation and Retirement Systems of Alabama for Bondholder Litigation, Plaintiff, v. HealthSouth Corporation, Corporate defendant in Master Litigation, Defendant-Appellee, Richard M. Scrushy, Defendant-Appellant.

United States Court of Appeals, Eleventh Circuit.

June 17, 2009.


Attorney(s) appearing for the Case

David G. Russell, Joel Marbury Rainer, Parker, Hudson, Rainer & Dobbs, LLP, Atlanta, GA, for Scrushy.

J. Mark Hart, Haskell Slaughter Young & Rediker, LLC, Birmingham, AL, for Chamberlin, Givens, Newhall, Striplin, Strong & Gordon.

Don B. Long, Jr., Johnson Barton Proctor & Rose, LLP, Birmingham, AL, for Bennett.

Anthony C. Harlow, Starnes & Atchison, LLP, Birmingham, AL, for Crawford.

James F. Hughey, III, Lightfoot, Franklin & White, L.L.C., Birmingham, AL, for Tanner.

Robert T. Cunningham, Jr., Cunningham, Bounds, LLC, Mobile, AL, for Retirement Systems of Ala.

Thomas A. Dubbs, Labaton Sucharow & Rudoff, LLP, New York City, for New Mexico State Investment Council.

Thomas A. Dubbs, Michael Howard Rogers, Labaton Sucharow & Rudoff, LLP, James W. Johnson, Renu Kara Kripalani, Joseph A. Fonti, Kelso Anderson, Labaton Sucharow, LLP, New York City, James L. Goyer, III, Maynard, Cooper & Gale, P.C., James F. Henry, Julia B. Cooper, William Harold Albritton, IV, John Cowles Neiman, Jr., Bradley Arant Boult Cummings, LLP, Birmingham, AL, Robert S. Saunders, Edward P. Welch, Stephen Dale Dargitz, Skadden, Arps, Slate, Meagher & Flom, Wilmington, DE, Betsy P. Collins, Burr & Forman, LLP, Peter Q. Bassett, Alston & Bird, Atlanta, GA, Scott Burnett Smith, Daniel Kaufmann, Bradley Arant Rose & White LLP, Huntsville, AL, Steve Olen, Cunningham Bounds, Mobile AL, for New Mexico Educ. Retirement Bd.

Before MARCUS, ANDERSON and CUDAHY, Circuit Judges.


ANDERSON, Circuit Judge:

This appeal arises from a $445 million partial settlement between Lead Plaintiffs and HealthSouth Corporation ("HealthSouth") (collectively the "Settling Parties") in the HealthSouth securities fraud class action (the "Federal Actions").1 Richard M. Scrushy ("Scrushy"), the former chairman and CEO of HealthSouth, is a nonsettling defendant in the class action litigation. Scrushy appeals the scope of the Bar Order...

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