UBS (UBS -0.6%) settles litigation over a $2.7B accounting fraud with a $217M payment to...

|About: UBS Group AG (UBS)|By:, SA News Editor

UBS (UBS -0.6%) settles litigation over a $2.7B accounting fraud with a $217M payment to HealthSouth (HLS +0.7%) shareholders and bondholders. Ernst & Young, HealthSouth's accountant, will kick in $33.5M of its own for bondholders; it settled separately with shareholders last year for $109M.