CXW INVESTOR ALERT: The Law Offices of Vincent Wong Reminds Investors of Commencement of a Class Action Involving Corrections...
20 October 2016 - 3:13AM
Business Wire
The Law Offices of Vincent Wong announce that a class action
lawsuit has been commenced in the USDC for the Middle District of
Tennessee on behalf of investors who purchased Corrections
Corporation of America (NYSE:CXW) securities between February 27,
2012 and August 17, 2016.
Click here to learn about the case:
http://www.wongesq.com/pslra/corrections-corporation-of-america.
There is no cost or obligation to you.
According to the complaint, the Company made false and/or
misleading statements and/or failed to disclose: (a) that
Corrections Corporation’s facilities lacked adequate safety and
security standards and were less efficient at offering correctional
services than the Federal Bureau of Prisons’ (“BOP”) facilities;
(b) that the Company’s rehabilitative services for inmates were
less effective than the BOP’s services; (c) that the U.S.
Department of Justice (“DOJ”) was unlikely to renew and/or extend
its contracts with Corrections Corporation; (d) and that as a
result of the above, Corrections Corporation’s public statements
were materially false and misleading at all relevant times.
On August 18, 2016, the DOJ announced that it has decided to
stop using private prisons, since they are less safe and less
effective than federal government-run prisons.
If you suffered a loss in Corrections Corporation you have until
October 24, 2016 to request that the Court appoint you as lead
plaintiff. Your ability to share in any recovery doesn’t require
that you serve as a lead plaintiff. To obtain additional
information, contact Vincent Wong, Esq. either via email
vw@wongesq.com, by telephone at 212.425.1140, or visit
http://www.wongesq.com/pslra/corrections-corporation-of-america.
Vincent Wong, Esq. is an experienced attorney that has
represented investors in securities litigations involving financial
fraud and violations of shareholder rights. Attorney advertising.
Prior results do not guarantee similar outcomes.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161019006127/en/
Law Offices of Vincent WongVincent Wong, Esq., 212-425-1140Fax.
866-699-3880vw@wongesq.com
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