Kessler Topaz Meltzer & Check prosecutes class actions in state and federal courts throughout the country. The class specifically excluded CCA and CoreCivic officers named as defendants. CCA entered into a series of exclusive agreements with telephone companies to provide inmate telephone service at various CCA-run prisons and jails. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). 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. Please download the PDF to view it: Download PDF. By signing this form you are For additional information please visit https://www.ktmc.com/new-cases/corrections-corporation-of-america#join. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. Goldberg Law PC announces that a class action lawsuit has been filed against Corrections Corporation of America .. | February 6, 2023. 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. 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. For additional information please visit https://www.ktmc.com/new-cases/corrections-corporation-of-america#join. Kessler Topaz Meltzer & Check, LLP Amalgamated alleged it alone lost $1.2 million when CoreCivics stock price fell sharply after an August 18, 2016 memorandum by then-Deputy U.S. Attorney General Sally Q. Yates directed the federal Bureau of Prisons (BOP) to phase out private prison contracts a directive later reversed by the Trump administration. Bell, Esq.) Since then, Correction Corporation has been trading at less than $20 more or less the entire time, and the most recent price available for the stock was just $15.40 per share. 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 . Corrections Corp Of America (NYSE:CXW) Investor Securities Class Action Lawsuit 08/23/2016. (M.D. New York, NY 10012, Main: 212-614-6464 The law firm of Robbins Geller Rudman & Dowd LLP represents you and other Class Members. No settlement was reached however, and on October 31, 2003, CCR filed a petition for rulemaking with the FCC. For more information about Kessler Topaz Meltzer & Check, or for additional information about participating in this action, please visit www.ktmc.com. 3:16-cv-02267 Honorable Aleta A. Trauger PROOF OF CLAIM AND RELEASE I. Sections 1 et seq., the Communications Act, 47 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. 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.). 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. securities between February 27, 2012 and August 17, 2016, inclusive, and who were damaged thereby. Shareholders who wish to discuss this action and their legal options are encouraged to contact Kessler Topaz Meltzer & Check, LLP (Darren J. 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. This is the only option that. 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. New to ClassAction.org? This Notice explains the class action lawsuit, the Settlement, Class Members' legal rights in connection with the Settlement, what benefits are available, who is eligible for them, and how to get them. In this lawsuit, plaintiffs alleged that unconscionable phone arrangements established by the Corrections Corporation of America and various telephone companies violated their constitutional rights. authorizing us to contact you regarding this case and/or future cases. Bell, Esq. 27, 2012 and August 17, 2016, inclusive (the "Class Period"). or Adrienne O. It also provides e-carceration technologies, transportation, and other services as part of the criminal punishment system. Correction Corporation of Americas stock price hit a high in June, rising north of $35 per share, then declining slowly but steadily over the remainder of the summer, according to data from Google Finance. The case claims punishments for non-compliant detainees could range from physical restraint to sustained restriction, deprivation, and violation of their liberty, and solitary confinement.. 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. 7th Floor 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 FCC sought comments on petitioners alternative proposal in the spring of 2007, and supportive comments were filed with the FCC by many organizations, including the Ad Hoc Coalition for the Right to Communicate and the Sentencing Project. The complaint in this action was not filed by Kessler Topaz Meltzer & Check. Security. Detainees who were paid small wages for their work, the case alleges, were only allowed to spend these funds at CoreCivics commissary. [T]ime has shown the [private prisons] compare poorly to our own Bureau facilities. Read more here: Camp Lejeune Lawsuit Claims. $2.57 Million Settlement for Hogtying Death in NC Police Custody, Nov. 30, 2022. Filed Date: April 27, 2011 Closed Date: May 23, 2016 Clearinghouse coding complete . Donations: 212-614-6448 Corrections Corporation of America/CoreCivic, Rural Prisons . 07/28/2021. Tenn.), Case No. In short, the defendants profited from their unfair control over imprisoned people. We recommend that you read the Notice and other relevant case documents carefully. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. The settlement was greeted cheerfully by the stock market, as seen by the 3.5% gain in CoreCivics stock price after the it was announced. Fax: 212-614-6499. D. Seamus Kaskela, Esq. CoreCivic and its executives, as might be expected, typically portrayed its services in a positive light to shareholders, the district court wrote. (M.D. Check, Esq.D. Check, Esq.D. Copyright 2023 Surperformance. The lawsuit captioned Grae v. Corrections Corporation of America, et al., Case No. 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. Lawsuit Filed, Settlement Proposed, Settlement Approved. Securities class action suit brought against Corrections Corporation of Shareholder Class Action Filed Against Corrections Corporation of 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. Therefore, class-action status was granted. Following Yates announcement, CCAs stock fell $9.65, or 39.45%, to close at $17.57 on August 18, 2016, the complaint alleged. Wright v. 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 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"). 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. The plaintiffs allege the defendant threatened to punish detainees who refused to engage in tasks that the case claims included cleaning the entire facility, preparing meals for law enforcement events, clerical work, providing barber services, and preparing clothing for new inmates. New York, NY 10012, Main: 212-614-6464 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. Join us on the front lines for social justice! Judge Trauger found there was a strong case to be made that CoreCivic got off easy with respect to the OIG report. at (888) 299 - 7706 or at info@ktmc.com. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. $56 Million Settlement in CoreCivic Securities Violation Lawsuit For more information, visit Batteas Corrections Corporation of America case summary. 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. 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. The suits allege that the drug is defective and unreasonably dangerous and was not adequately labeled to warn both patients and doctors of its risks. 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. Martha Wright v. Corrections Corporation of America is a civil rights case which challenged the monopolies that phone companies and the Corrections Corporation of America (CCA) maintain in the prison systems of the United States. 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. | November 22, 2022 Defendants deny each and all of Plaintiffs allegations. Prior to this session, the Settling Parties provided to Mr. Lindstrom and exchanged supplemental mediation materials. Radnor, PA 19087 WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Credit Acceptance Corporation (NASDAQ: CACC) resulting from allegations that Credit Acceptance may have issued materially misleading business information to the investing public. 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. CCA/CoreCivic Securities Settlement The Stipulation (together with the Exhibits thereto) reflects the final and binding agreement between 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. The complaint alleges that the Company made false and/or misleading statements and/or failed to disclose: (a) that Corrections . Ms. Wright was present for the announcement along with other family members of prisoners, advocates and other allies. 280 King of Prussia Road 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.
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