Kessler Topaz Meltzer & Check is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. 3:16-cv-02267, has been certified by the District Court as a class action; and Amalgamated Bank, as Trustee for . The outlook for CoreCivic and the private prison industry took a hit with the Biden administration in the White House. Corrections Corporation of America/CoreCivic, Rural Prisons . Get class action lawsuit news sent to your inbox - sign up for ClassAction.org's free weekly newsletter here. The class action investors who filed the suit are primarily hedge funds, union pension funds and other institutional investors looking to turn a buck on mass incarceration. Notice of Proposed Settlement of Class Action. CCA shareholders may, no later than October 24, 2016, petition the Court to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check or other counsel, or may choose to do nothing and remain an absent class member. Bell, Esq.280 King of Prussia RoadRadnor, PA 19087(888) 299 - 7706(610) 667 - 7706[emailprotected], SOURCE Kessler Topaz Meltzer & Check, LLP, Cision Distribution 888-776-0942 08/23/2016. In February of 2000 CCR filed Wright v. Corrections Corporation of America, a nationwide class action lawsuit, seeking to enjoin, declare illegal, and recoup damages resulting from conspiracies between CCA and various telephone companies, including Evercom, Inc., MCI-Worldcom, Pioneer Telephone Corporation, AT&T, and Global Telecommunications Link, Inc. CCA operates 82 prisons and jails in 26 states pursuant to agreements with state and local governments under which persons under the jurisdiction and control of those governments are transferred to CCA facilities for incarceration. On August 23, 2016, an action captioned , Grae v. Corrections Corporation of America, et al. On May 26, 2019, the Court certified the Class consisting of all persons who purchased or otherwise acquired Corrections Corporation of America. 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. This browser does not support PDFs. Following this news, shares of the Company's stock declined $9.65 per share, or over 35%, to close on August 18, 2016 at $17.57 per share, on unusually heavy trading volume. Therefore, class-action status was granted. Status. This action is still ongoing. CORRECTIONS CORPORATION OF AMERICA, et al., Defendants. ) The fact that CoreCivics stock eventually recovered was no defense to its alleged use of false statements and failure to disclose adverse information. 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. 3:16-cv-02267 Honorable Aleta A. Trauger PROOF OF CLAIM AND RELEASE I. Radnor, PA 19087 Check, Esq., D. Seamus Kaskela, Esq. 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 Donations: 212-614-6448 Although the information on this website is intended to assist you, it does not replace the information contained in the Notice and Stipulation, both of which can be found and downloaded by clicking on the Case Documents tab above. Ordering the federal officials to not renew private prison contracts was one of the first acts President Biden made upon taking office. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. For two years, CCR participated in a mediation process with defendants and the Special Enforcement unit of the FCC as required. Filed: May 31, 2017 3:17-cv-01112-JLS-NLS. The class specifically excluded CCA and CoreCivic officers named as defendants. 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. These exclusive dealing agreements allow defendants to use their control over a captive audience to unjustly enrich themselves. Private prisons do not save substantially on costs; and as noted in a recent report by the Departments Office of Inspector General, they do not maintain the same level of safety and security.. The suit, brought under the Fair Labor Standards Act, alleged that CCA had . For two years, CCR participated in a mediation process with defendants and the Special Enforcement unit of the FCC as required. Fax: 212-614-6499, CCR filed a petition for rulemaking with the FCC. 7th Floor 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. Advanced search Log in. 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. Judge Trauger found there was a strong case to be made that CoreCivic got off easy with respect to the OIG report. In short, the defendants profited from their unfair control over imprisoned people. A trial is scheduled for May 18, 2021. Did you purchase shares of Corrections Corporation of America (2016) prior to the Class Period? you might be an appropriate lead plaintiff candidate, Kessler Topaz will contact you to discuss If so, this lawsuit will affect your legal rights. Sections 151 et seq., and other laws of the District of Columbia. TN, Case No. Ms. Wright was present for the announcement along with other family members of prisoners, advocates and other allies. As a digital subscriber to Prison Legal News, you can access full text and downloads for this and other premium content. Expert depositions are scheduled to conclude on October 30, 2020. 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"). Amalgamated Bank, as Trustee for the LongView Collective Investment Fund, sought to represent a class of investors who bought and sold CoreCivic stock between February 27, 2012 and August 17, 2016, including at least 783 major institutions and numerous minor institutions and private parties who owned the companys stock during that period. The civil complaint cited statements made in Annual Reports CCA filed with the Securities and Exchange Commission. ) ) ) ) ) ) ) ) Civil Action No. Kessler Topaz Meltzer & Check prosecutes class actions in state and federal courts throughout the country. the part of Kessler Topaz or you to file a lead plaintiff motion in this matter. Kessler Topaz Meltzer & Check, LLPDarren J. For additional information please visit https://www.ktmc.com/new-cases/corrections-corporation-of-america#join. Kessler Topaz Meltzer & Check, LLP CCA also boasted that, as of December 10, 2010, the American Correctional Association (ACA), an independent organization of corrections industry professionals that establishes standards by which a correctional facility may gain accreditation, had accredited 85% of its facilities. Corrections Corp Of America (NYSE:CXW) Investor Securities Class Action Lawsuit 08/23/2016. the plaintiffs in the class action lawsuit moved to sever their case from the monetary claims. The court granted their motion on April 27, 2011 and allowed the . securities between February 27, 2012 and August 17, 2016, inclusive, and who were damaged thereby. The complaint in this action was not filed by Kessler Topaz Meltzer & Check. See: Grae v. Corrections Corporation of America, USDC, C. Dist. They also alleged that the agreements violate the Sherman Anti-Trust Act, 15 U.S.C. Kessler Topaz Meltzer & Check is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. Defendants contend that they did not engage in a scheme to defraud, did not make any false or misleading statements, disclosed all information required to be disclosed by the federal securities laws, that the prices of the Companys securities were not artificially inflated, and that no damage to the Companys stock price resulted from Defendants alleged wrongdoing. Copyright 2023 Surperformance. or Adrienne O. February 6, 2023. 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. Any information you 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. If you want to be represented by your own lawyer, you may hire one at your own expense. Detainees who were paid small wages for their work, the case alleges, were only allowed to spend these funds at CoreCivics commissary. Get no payment. Guard Misconduct, Settlements, Excessive Force (Wrongful Death) . 3:16-cv-02267, has been certified by the District Court as a class action; and Amalgamated Bank, as Trustee for . Bell, Esq.) They, however, came as a shock to the stock market. ClassAction.org is a group of online professionals (designers, developers and writers) with years of experience in the legal industry. The suit was filed in August 2016 against defendants CoreCivic and four of its executives CEO Damon T. Hininger, CFO David M. Garfinkle, Todd J. Mullenger and board member and former federal Bureau of Prisons director Harley G. Lappin. Write to the Court about why you do not like the Settlement, the Plan of Allocation, and/or the request for attorneys fees and expenses. On January 10, 2017, the Court appointed Plaintiff Amalgamated Bank, as Trustee for the LongView Collective Investment Fund as the Lead Plaintiff and appointed Lead Counsel. 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. While Corrections Corporation of America still has a number of contracts with the DOJ that have yet to expire, the decision had a massive negative impact on the companys stock prices, which began reeling more or less immediately after the announcement. 3:16-cv-02267; 2019 U.S. Dist. It also provides e-carceration technologies, transportation, and other services as part of the criminal punishment system. RADNOR, PA / ACCESSWIRE / August 29, 2016 / The law firm of Kessler Topaz Meltzer & Check, LLP alerts Corrections Corporation of America (NYSE: CXW) ("CCA" or the "Company") shareholders that a class action lawsuit has been filed in the Middle District of Tennessee on behalf of purchasers of the Company's securities between February CoreCivic, Inc. Reports Impairment of Real Estate Assets for the Fourth Quarter Ended D.. CoreCivic, Inc. 666 Broadway At its core, the lawsuit takes issue with the entire for-profit detention system into which many undocumented immigrants are thrown into to face removal proceedings. 3:16-cv-02267 (M.D. By signing this form you are The lawsuit captioned Grae v. Corrections Corporation of America, et al., Case No. The District Court later appointed Amalgamated Bank, as . Date Filed. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. Bell, Esq. /PRNewswire/ -- Ryan & Maniskas, LLP announces that a class action lawsuit has been filed in United States District Court for the Middle District of Tennessee. Donations: 212-614-6448 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. Camp Lejeune residents now have the opportunity to claim compensation for harm suffered from contaminated water. At issue were allegedly materially false and misleading statements issued during the class period. YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT, , Civil Action No. Atlassian Class Action: Levi & Korsinsky Reminds Atlassian Corporation Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of April 4, 2023 - TEAM Published: Feb. 13, 2023 . 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 settlement will help ensure they dont lose money betting on the business of caging people for profit. These exclusive dealing agreements resulted in the same civil rights violations as have been alleged in CCRs other two prison telephone cases. Finally, this claim also takes into account the recent decision by the U.S. Department of Justice not to renew or extend its contracts with private corrections companies, which sent Corrections Corporations stock plummeting in mid-August. This is the only option that. CoreCivic and its executives, as might be expected, typically portrayed its services in a positive light to shareholders, the district court wrote.
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