SHAREHOLDER ALERT: Goldberg Law PC Files Class Action Lawsuit against Corrections Corp. of America & Certain of its Officers
24 August 2016 - 10:01AM
Business Wire
Goldberg Law PC (the “Firm”) announces that a class action
lawsuit has been filed against Corrections Corporation of America
(“CCA” or the “Company”) (NYSE: CXW). Investors who purchased or
otherwise acquired shares between February 27, 2012 and August 17,
2016 (the “Class Period”) are encouraged to contact the Firm in
advance of the October 24, 2016 lead
plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class
Period, click here to participate. In addition, we advise
you to contact Michael Goldberg or Brian Schall, of Goldberg Law
PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at
800-977-7401, to discuss your rights without cost to you. You can
also reach us through the firm’s website at
http://www.Goldberglawpc.com, or by email at
info@goldberglawpc.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
According to the Complaint, the Company made false and/or
misleading statements and/or failed to disclose: that 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; that the Company’s
rehabilitative services for inmates were less effective than the
BOP’s services; that the U.S. Department of Justice (“DOJ”) was
unlikely to renew and/or extend its contracts with CCA; and that as
a result of the above, CCA’s public statements were materially
false and misleading at all relevant times. On August 18, 2016,
Deputy Attorney General Sally Yates announced that the DOJ decided
to stop using private prisons, since they are less safe and less
effective than federal government-run prisons. When this news was
announced, shares of CCA dropped in value.
Goldberg Law PC represents shareholders around the world and
specializes in securities class actions and shareholder rights
litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20160823006341/en/
Goldberg Law PC, Los AngelesMichael Goldberg, Esq.,
800-977-7401Brian Schall, Esq.,
800-977-7401info@goldberglawpc.comwww.Goldberglawpc.com
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