Last week . or Adrienne O. 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 Kessler Topaz Meltzer & Check, LLP Wedbush Upgrades CoreCivic to Outperform From Neutral, Adds Stock to Best Ideas List, A.. Additional sources: usnews.com, tennessean.com. Bell, Esq.280 King of Prussia RoadRadnor, PA 19087(888) 299 - 7706(610) 667 - 7706info@ktmc.com, To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/shareholder-class-action-filed-against-corrections-corporation-of-america--cxw-300317822.html, SOURCE Kessler Topaz Meltzer & Check, LLP. TN, Case No. Ms. Wright was present for the announcement along with other family members of prisoners, advocates and other allies. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible. 3:16-cv-02267; 2019 U.S. Dist. 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. 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. 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"). The District Court later appointed Amalgamated Bank, as . 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. Updated. Before commenting, please review our comment policy. at (888) 299 - 7706 or at info@ktmc.com. Corrections Of America : Shareholder Class Action Filed Against The petition sought restructuring of long distance inmate calling services to introduce competition. Darren J. 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 Settlement, if approved, will result in the creation of a cash settlement fund of $56,000,000.00 (the Settlement Amount). Seamus Kaskela, Esq.Adrienne O. CORRECTIONS CORPORATION OF AMERICA, et al., Defendants. ) Get class action lawsuit news sent to your inbox - sign up for ClassAction.org's free weekly newsletter here. 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. 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): You may also contact Jon Naji, Esq. (the "Stipulation") dated June 24, 2021, which can be found and downloaded by clicking on the Case Documents tab above. 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. Kessler Topaz Meltzer & Check prosecutes class actions in state and federal courts throughout the country. . In some instances CoreCivic pays detainees $1 per day, and in other instances detainees are not compensated with wages at all for their labor and services, the lawsuit claims, adding that the defendant reported nearly $1.8 billion in total revenues from 2016. Please read this entire Notice carefully. Join us on the front lines for social justice! Adrienne O. submit will be maintained as confidential. Any information you
Corrections Corporation of America Securities Fraud Class Action | New 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. 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. PDF Notice of Proposed Settlement of Class Action America, Inc. ("Cca" or The class and CoreCivic agreed on April 15, 2021 to settle the lawsuit for $56 million, which includes attorney fees and costs. Kessler Topaz Meltzer & Check prosecutes class actions in state and federal courts throughout the country. Tenn.) (the "Litigation"), you must complete and, on Security. On May 26, 2019, the Court certified the Class consisting of all persons who purchased or otherwise acquired Corrections Corporation of America. Filed: May 31, 2017 3:17-cv-01112-JLS-NLS. 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. 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 case claims punishments for non-compliant detainees could range from physical restraint to sustained restriction, deprivation, and violation of their liberty, and solitary confinement.. On Aug. 18, U.S. Deputy Attorney General Sally Yates made the announcement that, based on a number of factors, the DOG would put a number of reforms into place to ensure a more effective federal prison system, according to investment news site The Motley Fool. Read more here: Camp Lejeune Lawsuit Claims. Radnor, PA 19087 Copyright 2023 Surperformance. Receive no payment. (M.D. 3:16-cv-02267 Honorable Aleta A. Trauger PROOF OF CLAIM AND RELEASE I. Tranche Update on CoreCivic, Inc.'s Equity Buyback Plan announced on May 16, 2022. https://www.ktmc.com/new-cases/corrections-corporation-of-america#join, CoreCivic Reports Fourth Quarter and Full Year 2022 Financial Results. Layn R. Phillips (Ret.). A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. For more information about Kessler Topaz Meltzer & Check, or for additional information about participating in this action, please visit www.ktmc.com. Bell, Esq.) 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. Shareholders who wish to discuss this action and their legal options are encouraged to contact Kessler Topaz Meltzer & Check, LLP (Darren J. 3:16-cv-02267, was filed in the District Court. 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. Expert depositions are scheduled to conclude on October 30, 2020. [T]ime has shown the [private prisons] compare poorly to our own Bureau facilities. This was also true for its rehabilitative services in comparison with those provided by the BOP. Sections 151 et seq., and other laws of the District of Columbia. The Settling Parties engaged in arms-length negotiations during the mediation session, but were unable to reach an agreement. If so, this lawsuit will affect your legal rights. 666 Broadway CoreCivic, Inc., formerly Corrections Corporation of America, is the defendant proposed class action filed over alleged human trafficking and labor law violations. securities between February 27, 2012 and August 17, 2016, inclusive, and who were damaged thereby. Frank Krogh, Doane Kiechel, and Jennifer Kostyu, Morrison & Forester LLP, Deborah Golden, D.C. Prisoners Project,Stephen Seliger and Laurie Elkin, Seliger & Elkin Ltd. They, however, came as a shock to the stock market. Bell, Esq.) 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. 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. 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. District Judge Gladys Kessler acknowledged the civil rights concerns, but referred the case to the Federal Communications Commission, under the doctrine of primary jurisdiction. Goldberg Law PC Files Class Action Lawsuit against Corrections 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. Shareholders who wish to discuss this action and their legal options are encouraged to contact Kessler Topaz Meltzer & Check, LLP (Darren J. ClassAction.org is a group of online professionals (designers, developers and writers) with years of experience in the legal industry. at (888) 299 7706 or at [emailprotected]. But the court agreed with Amalgamated that the OIG report did not address the scope of the problems. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. Defendants deny each and all of Plaintiffs allegations. CCA has history of wage violations, poor treatment of employees 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. Corrections Corp Of America (NYSE:CXW) Investor Securities Class Action Lawsuit 08/23/2016. (484) 270-1453; or via e-mail at info@ktmc.com. Other reports continued the theme of high standards that governed the operation of CCAs federal facilities. By Aug. 1, it was down to a little more than $32.50, then the downturn started picking up more speed. -, Transcript : CoreCivic, Inc., Q4 2022 Earnings Call, Feb 09, 2023, CoreCivic's Q4 Adjusted Earnings, Revenue Decline. We believe that this percentage compares favorably to the percentage of government-operated adult prisons that are accredited by the ACA, the report stated. Delayed Nyse In reaching this conclusion, U.S. District Court Judge Aleta A. Trauger quoted emails in which CoreCivic executives expressed concerns about the pending report, then surprise and pleasure that it did not dwell on some of the more serious deficiencies at private prisons such as continuous understaffing and was directed more at problems with the BOPs oversight role. The effect on stock prices The world's largest private prison company. Camp Lejeune residents now have the opportunity to claim compensation for harm suffered from contaminated water. Guard Misconduct, Settlements, Excessive Force (Wrongful Death) . For additional information please visit https://www.ktmc.com/new-cases/corrections-corporation-of-america#join. CCA shareholders may, no 3:16-cv-02267, has been certified by the District Court as a class action; and Amalgamated Bank, as Trustee for . The lawsuit captioned Grae v. Corrections Corporation of America, et al., Case No. Goldberg Law PC announces that a class action lawsuit has been filed against Corrections Corporation of America .. | February 6, 2023 . Seamus Kaskela, Esq.Adrienne O. 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 Securities class action suit brought against Corrections Corporation of 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 Filed, Settlement Proposed, Settlement Approved. 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. February 6, 2023. He emphasized that CoreCivic believed the allegations in the lawsuit were without merit.. As a digital subscriber to Prison Legal News, you can access full text and downloads for this and other premium content. Lawsuit for Investors in shares of Corrections Corp Of 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 law firm of Robbins Geller Rudman & Dowd LLP represents you and other Class Members. Check, Esq.D. ) ) ) ) ) ) ) ) Civil Action No. The only way to be eligible to receive a payment from the Settlement. What went into DOJs decision? New cases and investigations, settlement deadlines, and news straight to your inbox. 3:16-cv-02267; 2019 U.S. Dist. Corrections Corp Of America | shareholdersfoundation.com 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). New York, NY 10012, Main: 212-614-6464 Sections 1 et seq., the Communications Act, 47 U.S.C. On August 22, 2001 District Judge Gladys Kessler acknowledged the civil rights concerns, but referred the case to the Federal Communications Commission, under the doctrine of primary jurisdiction. Advanced search Log in. KESSLER TOPAZ MELTZER & CHECK, LLP 2023 ALL RIGHTS RESERVED. 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. The alternative proposal requests that the FCC establish benchmark rates for all interstate inmate calling services no higher than $0.20 per minute for debit calling and $0.25 per minute for collect calling. Bell, Esq. 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. authorizing us to contact you regarding this case and/or future cases. On August 23, 2016, an action captioned , Grae v. Corrections Corporation of America, et al. 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. New York, NY 10012, Main: 212-614-6464 Ordering the federal officials to not renew private prison contracts was one of the first acts President Biden made upon taking office. See: Grae v. Corrections Corporation of America, USDC, C. Dist. For more information, visit Batteas Corrections Corporation of America case summary. All rights reserved. For two years, CCR participated in a mediation process with defendants and the Special Enforcement unit of the FCC as required. On Aug. 17, the day before the DOJ announcement, Correction Corporation was trading at just $27.22 per share. The district court found that Amalgamated had met the requirements of numerosity, commonality, typicality and adequacy of representation for class certification. In short, the defendants profited from their unfair control over imprisoned people. What Is This Lawsuit About? you might be an appropriate lead plaintiff candidate, Kessler Topaz will contact you to discuss
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. Corrections Corporation of America Has Long History of Wage Violations, Poor Treatment of Employees. In this nationwide class action lawsuit, the Center for Constitutional Rights (CCR) sought 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 entered into a series of exclusive agreements with these telephone companies to provide inmate telephone service at various CCA-run prisons and jails. These exclusive dealing agreements resulted in the same civil rights violations as have been alleged in CCRs other two prison telephone cases. The outlook for CoreCivic and the private prison industry took a hit with the Biden administration in the White House. For more information, visit Battea's 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"). The complaint in this action was not filed by Kessler Topaz Meltzer & Check. Please download the PDF to view it: Download PDF. Title. at (484) 270-1453; or you may submit your information via email at info@ktmc.com, or you may click here to print a PDF of this form.