PDF Notice of Pendency of Class Action To: All Persons Who Purchased or He emphasized that CoreCivic believed the allegations in the lawsuit were without merit.. 3:16-cv-02267 (M.D. 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. 7th Floor That included the likely discontinuation of its reliance upon private companies to run its facilities, as part of an effort to enact reforms that would ensure more proportional sentences and effective use of federal resources.. For additional information please visit https://www.ktmc.com/new-cases/corrections-corporation-of-america#join. Private Prison Giants GEO And CCA Accused of "False and Misleading Date Filed. 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. Judge Trauger found there was a strong case to be made that CoreCivic got off easy with respect to the OIG report. . Martha Wright v. Corrections Corporation of America (FCC Petition 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. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. Additional sources: usnews.com, tennessean.com. 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. Shareholders who wish to discuss this action and their legal options are encouraged to contact Kessler Topaz Meltzer & Check, LLP (Darren J. 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. Corrections Of America : Shareholder Class Action Filed Against PCI Lawsuits - PCI Home CoreCivic, Inc. Reports Impairment of Real Estate Assets for the Fourth Quarter Ended D.. CoreCivic, Inc. The lawsuits two lead plaintiffs, former civil immigration detainees who were incarcerated and worked at the defendants 1,492-bed Otay Mesa Detention Center in California, alleges CoreCivic illegally forces and/or coerces detainees to clean, maintain and operate its detention facilities. PCWG, 1114 Brandt Drive, Tallahassee FL 32308 Immediately below are spreadsheets of suits against the biggest vendors. You will still be a Member of the Class. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. . For additional information please visit https://www.ktmc.com/new-cases/corrections-corporation-of-america#join. Fax: 212-614-6499. Tennessee: Federal Court Grants Class-Action Status in Shareholder Suit Darren J. 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"). 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. In this lawsuit, plaintiffs alleged that unconscionable phone arrangements established by the Corrections Corporation of America and various telephone companies violated their constitutional rights. Kessler Topaz Meltzer & Check prosecutes class actions in state and federal courts throughout the country. All rights reserved. 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. It also provides e-carceration technologies, transportation, and other services as part of the criminal punishment system. The statements at issue here, however, frequently went beyond generic puffery to claims that their services were of a high quality, specifically, in the eyes of their government clients.. 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. Defendants deny each and all of Plaintiffs allegations. For more information, visit Battea's Corrections . or Adrienne O. Last week . Title. 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. info@ktmc.com, SOURCE: Kessler Topaz Meltzer & Check, LLP. This is the only option that. 3:16-cv-02267 (the "Litigation"), pending before the United States District Court for the Middle District of Tennessee (the "Court"). You will not be charged for these lawyers. The case is currently in discovery. New York, NY 10012, Main: 212-614-6464 Kessler Topaz Meltzer & Check, LLPDarren J. 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. Corrections Corp Of America : Class Action Lawsuit Filed Against 2009 the U.S. District Court for the District of Kansas unsealed a $7 million settlement agreement in a nationwide class-action wage and hour lawsuit against CCA. 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 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. Lawsuit Claims CoreCivic Allowed Corruption and Gangs to Flourish at The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). Following the second in-person mediation, the Settling Parties continued settlement discussions through Mr. Lindstrom and Hon. Those statements came as no surprise to PLN readers, for we have regularly reported the deficiencies of services and security in CCA and CoreCivic prisons for over 31 years now. 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 so, this lawsuit will affect your legal rights. Please read this entire Notice carefully. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. On August 9, 2013, the Federal Communications Commission (FCC) finally approved new rules capping prison phone rates, ten years after Martha Wright filed her petition. of Phillips ADR, an experienced mediator. 27, 2012 and August 17, 2016, inclusive (the "Class Period"). GLOBALLY RECOGNIZED ROSEN LAW FIRM Encourages Credit Acceptance To recover as a Member of the Class based on your claims in the action entitled Grae v. Corrections Corporation of America, et al., Civil Action No. 08/23/2016. When typing in this field, a list of search results will appear and be automatically updated as you type. Shareholders who wish to discuss this action and their legal options are encouraged to contact Kessler Topaz Meltzer & Check, LLP (Darren J. For more information on this case or other class action litigations, please contact Adam Foulke at 203-987-4949 or info@battea.com. ) ) ) ) ) ) ) ) Civil Action No. We believe that this percentage compares favorably to the percentage of government-operated adult prisons that are accredited by the ACA, the report stated. New York, NY 10012, Main: 212-614-6464 Incarcerated People Are Paying the Price. Filed Date: April 27, 2011 Closed Date: May 23, 2016 Clearinghouse coding complete . The plaintiffs also alleged that the agreements violated the Sherman Anti-Trust Act, 15 U.S.C. The lawsuit looks to represent anyone residing in California whose account was involuntarily closed by Bank of America since February 27, 2019, resulting in the loss of their earned cash rewards on their Bank of America credit card. The court granted their motion on April 27, 2011 and allowed the . The Class Representative alleges that defendants engaged in a scheme to defraud and made numerous materially false and misleading statements and omissions to investors regarding CCAs business and operations, including by falsely stating that: (i) the outsourcing of correctional services to CCA resulted in improving correctional services for government agencies, including the BOP; (ii) CCAs facilities were operated in accordance with applicable policies, procedures and contractual requirements; (iii) CCAs renewal rate on contracts was and would remain high because of the quality of services it provided to government customers; and (iv) the outsourcing of correctional services to CCA resulted in significant costs savings for government agencies, including the BOP. Corrections Corporation of America Securities Fraud Class Action | New Cases | Kessler Topaz Submit your Information Please complete this form and list your purchase and sale transaction (s) for Corrections Corporation of America (NYSE: CXW) between February 27, 2012 and August 17, 2016, inclusive (the "Class Period"):
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