SEC v. HealthSouth Corporation

SEC v. HealthSouth Corporation was a legal case where the Securities and Exchange Commission (SEC) accused the company's executives of intentionally inflating financial reports to hide poor performance and boost stock prices. This was part of a widespread accounting fraud that lasted years, leading to significant financial misstatements. The case highlighted issues of corporate fraud and the importance of accurate financial reporting, resulting in legal actions, penalties, and increased scrutiny of corporate governance practices.