As detailed in the complaint, on August 18, 2016, Deputy Attorney General Sally Yates announced the DOJ's decision to end its use of private prisons, including those operated by CCA, after officials concluded that the facilities are both less safe and less effective at providing correctional services than those run by the federal government. CoreCivics defense was that an August 11, 2016 report by the Department of Justices Office of the Inspector General (OIG) laid bare the problems in privately-operated federal prisons. Kessler Topaz Meltzer & Check prosecutes class actions in state and federal courts throughout the country. Kessler Topaz Meltzer & Check, LLPDarren J. Provides Earnings Guidance for the Year 2023, CoreCivic, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2022, CoreCivic, Inc. Reports Earnings Results for the Full Year Ended December 31, 2022, CoreCivic Announces 2022 Fourth Quarter Earnings Release and Conference Call Dates, CoreCivic to Redeem 4.625% Senior Notes Due 2023. This browser does not support PDFs. RADNOR, PA / ACCESSWIRE / August 29, 2016 / The law firm of Kessler Topaz Meltzer & Check, LLP alerts Corrections Corporation of America shareholders that a class action lawsuit has been filed. Civil Action No. Investors who purchased CCA securities during the Class Period may seek to be appointed by the Court as a lead plaintiff representative of the class. Plaintiffs Consolidated Complaint for Violation of the Federal Securities Laws (the Complaint), filed on March 13, 2017, alleges that Defendants violated 10(b) and 20(a) of the Securities Exchange Act of 1934. In order to be appointed as a lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class in the action. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. Prison Staff Are Refusing Vaccines. 666 Broadway More specifically, Plaintiff alleges that throughout the Class Period, Defendants engaged in a scheme to defraud and made materially false and misleading statements and/or failed to disclose adverse information regarding the Companys business and operations, which caused the price of the Companys securities to trade at artificially inflated prices, until the circumstances concealed by the alleged fraud were revealed and the Companys securities prices significantly declined. Specifically, the suit claims that, among other things, Corrections Corporation did not advise investors as to shortcomings in its safety and security standards, and that it was apparently less efficient when it came to providing these things tothe Federal Bureau of Prisons. In the lawsuit, plaintiffs alleged that the unconscionable arrangements violated their constitutional rights to speech and association, their rights to foster and maintain family relations under the First and Fourteenth Amendments; their rights to due process and equal protection of law under the Fifth and Fourteenth Amendments; and their right to unimpaired freedom of contract under Article 1, Section 10. The lawsuit was filed August 23, 2016, on behalf of the class of stock holders of CoreCivic, which trades on the New York Stock Exchange under the ticker symbol CXW. The class consisted of persons who held CCA stock between February 27, 2012 and August 17, 2016. The lawsuit captioned Grae v. Corrections Corporation of America, et al., Case No. Camp Lejeune residents now have the opportunity to claim compensation for harm suffered from contaminated water. For additional information please visit https://www.ktmc.com/new-cases/corrections-corporation-of-america#join. Other reports continued the theme of high standards that governed the operation of CCAs federal facilities. Get class action lawsuit news sent to your inbox - sign up for ClassAction.org's free weekly newsletter here. Your rights may be affected by the Settlement if you purchased or otherwise acquired Corrections Corporation of America, Inc. (CCA or the Company) (n/k/a CoreCivic) during the period from February 27, 2012 through and including August 17, 2016 (the Class Period). Wedbush Upgrades CoreCivic to Outperform From Neutral, Adds Stock to Best Ideas List, A.. This was also true for its rehabilitative services in comparison with those provided by the BOP. (610) 667-7706 Class Member. Corrado Rizzi is the Senior Managing Editor of ClassAction.org. Join us on the front lines for social justice! authorizing us to contact you regarding this case and/or future cases. Check, Esq., D. Seamus Kaskela, Esq. Seamus Kaskela, Esq.Adrienne O. Kessler Topaz Meltzer & Check, LLP D. Seamus Kaskela, Esq. For more information, visit Batteas Corrections Corporation of America case summary. The civil complaint cited statements made in Annual Reports CCA filed with the Securities and Exchange Commission. In March of 2007, CCR and its partners filed an alternative rulemaking proposal. New cases and investigations, settlement deadlines, and news straight to your inbox. of Phillips ADR, an experienced mediator. Shares of Corrections Corp Of America (NYSE:CXW) declined from $27.38 per share to . Ms. Wright was present for the announcement along with other family members of prisoners, advocates and other allies. On August 23, 2016, the initial complaint in this securities class action was filed against Corrections Corporation of America (CCA) and certain of CCAs top officials, asserting violations of sections 10(b) and 20(a) of the Securities Exchange Act. 280 King of Prussia Road The complaint alleges that CCA and certain of its executive officers made a series of false and misleading statements and/or failed to disclose to investors during the Class Period that: (i) CCA's facilities lacked adequate safety and security standards and were less efficient at offering correctional services than the Federal Bureau of Prisons' ("BOP") facilities; (ii) CCA's rehabilitative services for inmates were less effective than those provided by BOP; (iii) consequently, the U.S. Department of Justice ("DOJ") was unlikely to renew and/or extend its contracts with CCA; and (iv) as a result of the foregoing, CCA's public statements were materially false and misleading at all relevant times. TN, Case No. Families, South Carolina Fails to Evacuate Prisoners Threatened by Hurricane, New York Sheriff Loses Lawsuit, Must Report Serious Prisoner Incidents to State Agency, South Carolina: Two Women Drown in Sheriffs Transport Van, Deputies Charged, New Mexico Riot Raises Questions About Private Prison Companys Competence, New Indianapolis Jail Will Not be Run by a Private Prison Company, but is Being Built on Contaminated Land, GEO Group Produces Litigation Documents After HRDC Files Public Records Suit, Imagine Pleading Guilty Because You Cant Afford to Call Your Lawyer, Canada: Long-Term Segregation of Mentally Ill Prisoners Unconstitutional; $20 Million in Damages, Federal Court Rules in Favor of HRDC in Virginia Jail Censorship Suit, Settlement Reached in Suit Over Failure to Keep Released L.A. County Prisoners from Becoming Homeless, I Had Nothing: How Parole Perpetuates a Cycle of Incarceration and Instability, Sixth Circuit Rules Suit May Proceed Where State Judge Offered Reduced Sentences for Sterilization, The Second Step: Invest in Prison Education Programs, Reinstate Pell Grants, Virginia Supreme Court Upholds Derivative Sovereign Immunity for Jail Physician, Fifth Circuit: No Qualified Immunity for Mississippi Sheriffs in Suit Over Mentally Ill Mans Years-long Unlawful Detention, Federal Judge Refuses to Shorten Corruption Sentence for Former Head of New York City Jail Guards Union, Fifth Circuit Denies Qualified Immunity to Mississippi Cops Who Let Injured Hemophiliac Bleed Out in Jail, Sixth Circuit: Unarmed Bank Robber Who Ordered Tellers to Get on the Floor Not Subject to Enhancement for Physical Restraint, Music Stops in Fifth Circuits Qualified Immunity Dance, Leaving Plaintiffs With Shortened Discovery Period, Fifth Circuit Holds PLRAs Three-Strikes Provision Does Not Apply to Actions Removed From State Court, Plainly Grossly Inadequate: Federal Court Finds Arizona Prison Healthcare Deliberately Indifferent to Prisoners Risk of Serious Harm, Eighth Circuit Says Judge Dismissing Claim of Federal Prisoner in Arkansas Was Premature in Counting It a PLRA Strike, After Federal Judge Censors Lawyers Tweets About CoreCivic, Company Settles Suit Over Tennessee Prisoners Murder by Cellmate, Class Certified in Orange Crush Shakedown Lawsuit by Illinois Prisoners, ICE Ignores Inspector Generals Call for Immediate Removal of Migrant Detainees from CoreCivic New Mexico Detention Facility, CoreCivic Workers Unionize and Go On Strike at Arizona Prison, Arizona Closing Prison, Moving Prisoners to CoreCivic Lockup, GED Cheating Scheme Uncovered at Montana CoreCivic Prison, Class of Juvenile Prisoners Certified in Suit Against Florida DOC, Federal Judge Allows Wiretapping Case to Proceed Against CoreCivic for Recording Attorney-Client Conversations at Nevada Prison, $405,000 Paid to Prisoner Disabled and Left Untreated at LaSalle-Managed Louisiana Jails, U.S.D.C. For two years, CCR participated in a mediation process with defendants and the Special Enforcement unit of the FCC as required. The complaint alleges that CCA and certain of its executive officers made a series of false and misleading statements and/or failed to disclose to investors during the Class Period that: (i) CCA's facilities lacked adequate safety and security standards and were less efficient at offering correctional services than the Federal Bureau of Prisons' ("BOP") facilities; (ii) CCA's rehabilitative services for inmates were less effective than those provided by BOP; (iii) consequently, the U.S. Department of Justice ("DOJ") was unlikely to renew and/or extend its contracts with CCA; and (iv) as a result of the foregoing, CCA's public statements were materially false and misleading at all relevant times. Seamus Kaskela, Esq.Adrienne O. 3:16-cv-02267. 7th Floor Forgot password ? Remember Or log in with Google Twitter Facebook Apple Sign up A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. On May 31, 2019, Defendants and Plaintiff participated in another in-person mediation session with Mr. Lindstrom. (484) 270-1453; or via e-mail at info@ktmc.com. CCA shareholders who purchased securities during the Class Period may, no later than October 24, 2016, seek to be appointed as a lead plaintiff of the class. Levi & Korsinsky announces the commencement of a class action lawsuit in the USDC for the Middle District of Tennessee on behalf of shareholders of Corrections Corporation of America (NYSE: CXW) who purchased shares between February 27, 2012 and August 17, 2016.. Are you a current or former employee of Corrections Corporation of America (2016)? For more information about Kessler Topaz Meltzer & Check, or for additional information about participating in this action, please visit www.ktmc.com. Buckfire Law Wins Jail Death Trial Against Corizon Health's Employees Dec, 16 2022 Private prison company execs accused of downplaying detainee lawsuits Aug 26, 2022 We believe that this percentage compares favorably to the percentage of government-operated adult prisons that are accredited by the ACA, the report stated. The mediation was preceded by submission of mediation statements by the Settling Parties. A shareholder class-action lawsuit was filed Wednesday against Corrections Corporation of America, a private prison company that was the subject of a recent Mother Jones investigation. This website has been established to provide general information related to the proposed settlement of the case entitledGrae v. Corrections Corporation of America, et al., Civil Action No. Corrections Corporation of America Has Long History of Wage Violations, Poor Treatment of Employees. Filed: May 31, 2017 3:17-cv-01112-JLS-NLS. In 2014 and 2015 reports, CCA said, We are committed to equipping offenders in our care with the services, support, and resources necessary to return the community as productive, contributing members of society., The facade fell off on August 18, 2016, when Deputy General Attorney Sally Yates announced the Department of Justice had decided to end its use of private prisons. When typing in this field, a list of search results will appear and be automatically updated as you type. Kessler Topaz Meltzer & Check prosecutes class actions in state and federal courts throughout the country. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, https://www.ktmc.com/new-cases/corrections-corporation-of-america#join, Final Deadline Approaching on March 7, 2023: Kessler Topaz Meltzer & Check, LLP Reminds Enovix Corporation Investors of Class Action Lawsuit Deadline, Lead Plaintiff Deadline on March 7, 2023 for Enovix Corporation Investors - Kessler Topaz Meltzer & Check, LLP Reminds Investors of Class Action Lawsuit Filed Against Enovix Corporation. Layn R. Phillips (Ret.). No settlement was reached however, and on October 31, 2003, CCR filed a petition for rulemaking with the FCC. Corrections Corporation of America/CoreCivic, Rural Prisons . CCA, together with its subsidiaries, owns, operates, and manages private prisons and other correctional facilities in the United States, and provides inmate residential and prisoner transportation services for governmental agencies. The outlook for CoreCivic and the private prison industry took a hit with the Biden administration in the White House. Read more here: Camp Lejeune Lawsuit Claims. We recommend that you read the Notice and other relevant case documents carefully. -, Transcript : CoreCivic, Inc., Q4 2022 Earnings Call, Feb 09, 2023, CoreCivic's Q4 Adjusted Earnings, Revenue Decline. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). Status. Kessler Topaz Meltzer & Check prosecutes class actions in state and federal courts throughout the country. The contract prisons are operated by three private corporations, including Corrections Corporation of America. By Aug. 1, it was down to a little more than $32.50, then the downturn started picking up more speed. Delayed Nyse $2.57 Million Settlement for Hogtying Death in NC Police Custody, Nov. 30, 2022. Wedbush Upgrades CoreCivic to Outperform From Neutral, Adds Stock to Best Ideas List, A.. Senior VP-Federal & Local Customer Relations, Chief Financial Officer & Executive Vice President, Chief Information Officer & VP-Technology, Chief Operating Officer & Executive Vice President. Lawsuit Filed, Settlement Proposed, Settlement Approved. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. A securities class action lawsuit was recently filed against the private prison giant Corrections Corporation of America, alleging that the company made false or misleading statements, and failed to disclose certain information that would have otherwise been important for investors to know. The Stipulation (together with the Exhibits thereto) reflects the final and binding agreement between the Settling Parties. The Settling Parties engaged in arms-length negotiations during the mediation session, but were unable to reach an agreement. Ordering the federal officials to not renew private prison contracts was one of the first acts President Biden made upon taking office. The petition sought restructuring of long distance inmate calling services to introduce competition. The complaint alleges that the Company made false and/or misleading statements and/or failed to disclose: (a) that Corrections . RADNOR, Pa., Aug. 24, 2016 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP announces that a shareholder class action lawsuit has been filed against Corrections Corporation of America (NYSE: CXW) ("CCA" or the "Company") on behalf of purchasers of the Company's securities between February 27, 2012 and August 17, 2016, inclusive (the "Class Period"). If Kessler Topaz, in its sole discretion, believes that It owns and operates prisons and jails, including immigration jails and "community corrections" centers, and uses forced prison labor.

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