Lightfoot, Franklin & White, LLC

The Clark Building
400 20th Street North
Birmingham, AL 35203
205-581-0700 (phone)
205-581-0799 (facsimile)

Court Refuses to Enter Injunction Against Bondholders

Apr 14, 2004  

Birmingham, Alabama (April 14, 2004) -- A Jefferson County Circuit Court judge today refused to block HealthSouth Corporation's bondholders from seeking accelerated payments on more than $2 billion in senior debt.  In its widely watched decision, the Court dissolved a temporary restraining order that had been entered on March 11, 2004, and held that HealthSouth had failed to demonstrate a likelihood of success on the merits of its claims. 

Lightfoot, Franklin & White was retained to represent the bondholders and several indenture trustees after the temporary restraining order was entered.  Glenn Waldrop, William Brooks and Chips Pruet opposed HealthSouth's request for a preliminary injunction in a two-day hearing on March 30 - 31, 2004.