Summary Notice of Pendency and Proposed Settlement of Securities Class Action [HeathSouth Corporation]

Summary Notice of Pendency and Proposed Settlement of Securities Class Action [HeathSouth Corporation] - 4/27/2009

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HEADLINES \| SETTLEMENTS AND DISMISSALS \| COURT FILINGS LINKS TO OTHER NEWS \| NEWS ARCHIVE	HEADLINES ARCHIVED SETTLEMENTS AND DISMISSALS ARCHIVED

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Summary Notice of Pendency and Proposed Settlement of Securities Class Action [HeathSouth Corporation]
Staff Writer

PR Newswire. April 27, 2009
_________________________________________________________________________

EXCERPT: You Are Hereby Notified, pursuant to an Order of the United States District Court for the Northern District of Alabama, Southern Division, that a hearing will be held on June 11, 2009, at 10:00 a.m., before the Honorable Karon Owen Bowdre, at the United States Courthouse, Hugo L. Black United States Courthouse, 1729 Fifth Avenue North, Birmingham, Alabama, for the purpose of determining: (1) whether the proposed settlement of the claims against defendant Ernst & Young LLP in In re HealthSouth Stockholder Litigation, No. CV-03-BE-1501-S, for the principal amount of $109,000,000 in cash should be approved by the court as fair, reasonable and adequate, and whether the Final Judgment and Order of Dismissal with Prejudice as to Ernst & Young LLP should be entered by the court; (2) to consider certification of the proposed Stockholder Settlement Class; (3) to consider the application of plaintiffs' counsel for attorneys' fees and reimbursement of litigation expenses; and (4) to consider the application of the Stockholder Lead Plaintiffs for the reimbursement of their costs and expenses. The court may change the date of the hearing without providing additional notice. If you purchased or acquired HealthSouth common stock or options during the Settlement Class Period, your rights may be affected by the settlement. If you have not received a detailed Notice of Proposed Settlement of Class Action with Ernst & Young LLP ("Notice") or Proof of Claim and Release form, you may obtain copies by writing to HealthSouth Corporation Securities Litigation - E&Y, c/o Rust Consulting, Inc., P.O. Box 1983, Faribault, MN 55021-6179, or on the internet at www.HealthSouthErnstAndYoungSettlement.com, www.labaton.com and www.csgrr.com. If you are a Stockholder Settlement Class Member, and have NOT submitted a Proof of Claim and Release form in connection with the previously announced partial settlement with HealthSouth (and related defendants), in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release form establishing that you are entitled to recovery.

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