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| February 7, 2023 Advanced search Log in Forgot password ? 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. TN, Case No. The law firm of Robbins Geller Rudman & Dowd LLP represents you and other Class Members. CORRECTIONS CORPORATION OF AMERICA, et al., Defendants. ) The lawsuit captioned Grae v. Corrections Corporation of America, et al., Case No. the matter and whether to establish an attorney client relationship. (the "Stipulation") dated June 24, 2021, which can be found and downloaded by clicking on the Case Documents tab above. 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. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. This settlement will help ensure they dont lose money betting on the business of caging people for profit. 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 more information about Kessler Topaz Meltzer & Check, or for additional information about participating in this action, please visit www.ktmc.com. CoreCivic, Inc., formerly known as Corrections Corporation of America, is the defendant in a 36-page proposed class action lawsuit alleging the company operates its detention facilities in violation of state and federal human trafficking and labor laws. ) ) ) ) ) ) ) ) Civil Action No. By signing this form you are For two years, CCR participated in a mediation process with defendants and the Special Enforcement unit of the FCC as required. Fax: 212-614-6499. The Trump administration reversed course on the end of private prison contracts from the government. The District Court later appointed Amalgamated Bank, as . These exclusive dealing agreements allow defendants to use their control over a captive audience to unjustly enrich themselves. By signing exclusive agreements that typically result in excessively high rates and surcharges on collect-only calling by prisoners, their constitutional rights to speech and association, their rights to foster and maintain family relations under the First and Fourteenth Amendments, their rights to due process and equal protection of law under the Fifth and Fourteenth Amendments, and their right to unimpaired freedom of contract under Article 1, Section 10, are all being violated. Consequently, the stock has dropped 56 percent from its year-to-date high, observed just a few months earlier. The banks lawsuit essentially claims that CoreCivic officials made numerous statements about how well the company was fulfilling its contracts with the federal government and how happy their clients were with CoreCivics performance when, in fact, the companys facilities were receiving poor marks on audits and its executives were exchanging emails about how bad the situation was and how the contracts were in danger. Shareholders who wish to discuss this action and their legal options are encouraged to contact Kessler Topaz Meltzer & Check, LLP (Darren J. Class Member. The States that Lead the Nation in COVID-19 Cases Are Hiding Their Prison Data, Court Grants Class Certification for Illinois Prisoners in Restrictive Housing Lawsuit, Eighth Circuit Reverses Dismissal of HRDC Postcard-Only Suit Against Arkansas Jail, South Carolina Attorney General Issues Opinion That Information in State Prisoners Death Certificates Is Public Information, HRDC Case Sues JPay Over Fee-Heavy Release Card Debit Cards, Eleventh Circuit Holds No Qualified Immunity on Deliberate Indifference in Heat Exhaustion Case, Colorado Jail Blows Through $16 Million in COVID Relief Money, Has Outbreak Anyway, Settles ACLU Conditions Suit, Tennessee Department of Corrections Rebids $123 Million Health Care Contract After Corizon Accuses It and Centurion of Bid Rigging, Death, Neglect and Despair in U.S. Tribal Jails, Study Analyzes Deaths of Parole-Approved Texas Prisoners Awaiting Release, File a CFPB Complaint for Unfair Money Transfer Fees, Hunger Strike, Ceiling Collapse, Lawsuit Spotlight Deteriorating Conditions at Womens Prison in Illinois, Sacramento Sheriff Used Prisoner Welfare Fund for Trips, Salaries and Equipment, Fourth Circuit Rules Prisoner Sex Offender has No Right to In-Person Visitation with His Minor Children, Virginia Department of Corrections Confirms Visitation Not Primary Means of Contraband Introduction, Seven Former GEO Employees Plead Guilty in Federal Texas Private Jail Bribery Scheme, Indiana DOC Settles Class-Action Lawsuit Over Ban on Incoming Mail Except That in White Envelopes Using White, Lined Paper, Supreme Court Reverses Qualified Immunity Dismissal of Texas Prisoners Excessive Force Claim, Local Pennsylvania Voters Ban Solitary Confinement and No-Knock Warrants, Absent Expert Medical Testimony, Deliberate Indifference Tough to Prove in Medical Cases, Erie County Sheriff Settles AG Lawsuit for Violating New York Reporting Directives, California Slashes High Call Rates in Prisons and Jails, Mailbox Rule Inapplicable to Prisoners Represented by Counsel, Federal New York City Jail Made Infamous by Jeffrey Epstein Death Closed Due to Persistent Problems and Incompetence, New Connecticut Law Eliminates Prison Gerrymandering, $56 Million Settlement in CoreCivic Securities Violation Lawsuit, Judge Orders COVID Emergency Release Procedures at Lompoc Federal Prison, Eleventh Circuit Grants Prisoner with Hep C Exception to PLRA Three Strikes Rule, Washington DC Jails Suicide Proof Safe Cell Use Not Safe for Prisoners, Iowa County Wants to Use COVID-19 Relief Money to Build New Jail, $1 Million Settlement in Georgia Prisoners Preventable Suicide Attempt and Death, Immigration Detention Contracts Cancelled in Georgia and Massachusetts, $500,000 Settlement for California Jail Rape, Deputy Fired and Sentenced, Pay-to-Play Lives in FEC Decision Not to Enforce Ban on Political Contributions by Boca Prison Contractor The GEO Group, Ninth Circuit Says Statements Relayed at Criminal Trial By Nurse and Doctor Are Admissible, Not Hearsay, Fourth Circuit Reinstates Virginia Prisoners Spoliation Motion for Lost Video of His Alleged Assault by Guards, Seventh Circuit: Indiana Prisoner Who Failed to Formalize Grievance Also Failed to Exhaust Remedies, Record Deaths at Rikers Island Blamed on Guards Absenteeism, Abuse and Corruption, Third Circuit Strips Qualified Immunity From Delaware Guards Who Held Mentally Ill Prisoner in Solitary for Seven Months, Ninth Circuit Revives Failure-to-Protect Claim of Arizona Prisoner Beaten by Gang, Florida Jailers Leave Detainees Out of Evacuation Plans During Hurricane, Nevada Federal Court Says Prisoners 1983 Suit Shouldve Been a Habeas Petition, But Returns Filing Fee, Seventh Circuit Trims What Indiana Prisoner Owes Jail Doctor in Lost Lawsuit, Under New Mississippi Law, State Chooses Execution Method, $959,000 Paid by Pennsylvania County in Deaths of Two Detainees, Plus at Least $750,000 from PrimeCare, $20,000 Paid by Centurion and MHM Health Professionals to Arizona Prisoner for Alleged Deliberate Indifference and Medical Negligence, After Federal Judge Censors Lawyers Tweets About CoreCivic, Company Settles Suit Over Tennessee Prisoners Murder by Cellmate, Former Texas Prisoner Wins 12-Year Fight for Justice, $480,000 Paid by California County to Detainee Whose Newborn Died After Guards Stopped at Starbucks en Route to Hospital, $98,000 Paid by BOP to Immigrant Detainees Racially Profiled as Terrorists in New York City Lockup, $300,000 Paid by Colorado to Prisoner Sexually Harassed by Guard with Foot Fetish, Award Slashed for Delaware Prisoner Sexually Groped by Guard, Former Judges in Pennsylvania Kids for Cash Scandal Must Pay $206 Million in Damages. 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. The Settlement, if approved, will result in the creation of a cash settlement fund of $56,000,000.00 (the Settlement Amount). The district court held that Amalgamated was entitled to the rebuttable presumption that it relied on the companys material public statements when making stock purchases. 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. you might be an appropriate lead plaintiff candidate, Kessler Topaz will contact you to discuss What Is This Lawsuit About? The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). Each of these contracts is subject to review by federal officials, but experts generally expect that few if any will be renewed. (M.D. 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. or Adrienne O. For more information, visit Batteas Corrections Corporation of America case summary. The day of the decision, it dropped to just $13.04. The precipitous decline in the market value caused the class to suffer significant losses and damages., CoreCivic President and CEO Damon Hininger said the company was glad to put the litigation behind itself. Please download the PDF to view it: Download PDF. The contract prisons are operated by three private corporations, including Corrections Corporation of America. The mediation was preceded by submission of mediation statements by the Settling Parties. Any information you The Settlement Amount and any interest it earns constitute the Settlement Fund. The Settlement Fund, after deduction of Court-approved attorneys fees and expenses, Notice and Administration Expenses, Taxes, and any other fees or expenses approved by the Court, is the Net Settlement Fund. If the Settlement is approved by the Court, the Net Settlement Fund will be distributed to eligible Authorized Claimantsi.e., Members of the Class who timely submit valid Proofs of Claim and Releasein accordance with the proposed Plan of Allocation. 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. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. 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"): Bell, Esq.) Sections 1 et seq., the Communications Act, 47 U.S.C. at (888) 299 - 7706 or at info@ktmc.com. . 3:16-cv-02267 Honorable Aleta A. Trauger PROOF OF CLAIM AND RELEASE I. Updated. 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. 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 Security. But the court agreed with Amalgamated that the OIG report did not address the scope of the problems. For additional information please visit https://www.ktmc.com/new-cases/corrections-corporation-of-america#join. On January 10, 2017, the Court appointed Plaintiff Amalgamated Bank, as Trustee for the LongView Collective Investment Fund as the Lead Plaintiff and appointed Lead Counsel. 7th Floor For more information about Kessler Topaz Meltzer & Check, or for additional information about participating in this action, please visit www.ktmc.com. 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. 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. 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. 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. On February 28, 2019, the Settling Parties participated in a voluntary confidential mediation with Gregory Lindstrom, Esq. On May 31, 2019, Defendants and Plaintiff participated in another in-person mediation session with Mr. Lindstrom. (484) 270-1453; or via e-mail at info@ktmc.com. 27, 2012 and August 17, 2016, inclusive (the "Class Period"). Bell, Esq.) 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. Seamus Kaskela, Esq.Adrienne O. 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. The effect on stock prices For additional information please visit https://www.ktmc.com/new-cases/corrections-corporation-of-america#join. 3:16-cv-02267; 2019 U.S. Dist. Goldberg Law PC announces that a class action lawsuit has been filed against Corrections Corporation of America .. | February 6, 2023 . No settlement was reached however, and on October 31, 2003, CCR filed a petition for rulemaking with the FCC. For more information on this case or other class action litigations, please contact Adam Foulke at 203-987-4949 or info@battea.com. Ms. Wright was present for the announcement along with other family members of prisoners, advocates and other allies. 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. Corrado Rizzi is the Senior Managing Editor of ClassAction.org. CoreCivic, Inc., formerly known as Corrections Corporation of America, is the defendant in a 36-page proposed class action lawsuit alleging the company operates its detention facilities in violation of state and federal human trafficking and labor laws. Goldberg Law PC announces that a class action lawsuit has been filed against Corrections Corporation of America .. | February 6, 2023. Detainees who were paid small wages for their work, the case alleges, were only allowed to spend these funds at CoreCivics commissary. 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. 3:16-cv-02267 (the "Litigation"), pending before the United States District Court for the Middle District of Tennessee (the "Court"). For additional information please visit https://www.ktmc.com/new-cases/corrections-corporation-of-america#join. The Stipulation (together with the Exhibits thereto) reflects the final and binding agreement between the Settling Parties. For additional information please visit https://www.ktmc.com/new-cases/corrections-corporation-of-america#join. 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. Darren J. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. . 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 On May 26, 2019, the Court certified the Class consisting of all persons who purchased or otherwise acquired Corrections Corporation of America. 08/23/2016. Corrections Corp Of America (NYSE:CXW) Investor Securities Class Action Lawsuit 08/23/2016. 2023 BATTEA CLASS ACTION SERVICES, LLC, ALL RIGHTS RESERVED, Securities class action suit brought against Corrections Corporation of America, reforms that would ensure more proportional sentences and effective use of federal resources., Class Action Award Processing & Distribution, Securities Class Action Settlement History, visit Batteas Corrections Corporation of America case summary, Securities class action suit filed against Fiat Chrysler Automobiles, Securities class action lawsuit filed against Spectrum Pharmaceuticals . All rights reserved. New York, NY 10012, Main: 212-614-6464 info@ktmc.com, SOURCE: Kessler Topaz Meltzer & Check, LLP. See: Grae v. Corrections Corporation of America, USDC, C. Dist. Wedbush Cuts Price Target on CoreCivic to $15 From $17, Citing Cash Flow Forecasts, Kee.. Wells Fargo Upgrades CoreCivic to Outperform from Neutral, Sets $17 Price Target. New cases and investigations, settlement deadlines, and news straight to your inbox. Ask to speak in Court about the fairness of the Settlement. A 2012 report noted that 40-43% of CCAs revenue was derived from contracts with the federal government through operation of prisons and detention centers. Sections 151 et seq., and other laws of the District of Columbia. Defendants contend that they did not engage in a scheme to defraud, did not make any false or misleading statements, disclosed all information required to be disclosed by the federal securities laws, that the prices of the Companys securities were not artificially inflated, and that no damage to the Companys stock price resulted from Defendants alleged wrongdoing. Join us on the front lines for social justice! Ordering the federal officials to not renew private prison contracts was one of the first acts President Biden made upon taking office. 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. If Kessler Topaz, in its sole discretion, believes that 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. 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. In February of 2000 CCR filed Wright v. 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 jails in 26 states pursuant to agreements with state and local governments under which persons under the jurisdiction and control of those governments are transferred to CCA facilities for incarceration. the part of Kessler Topaz or you to file a lead plaintiff motion in this matter. Check, Esq.D. of Phillips ADR, an experienced mediator. by Matt Clarke On March 26, 2019, a federal district court in Tennessee granted class-action certification in a shareholder lawsuit brought against CoreCivic, formerly Corrections Corporation of America, that alleged the company made statements misrepresenting the quality and value of its services, resulting in losses to stockholders. Delayed Nyse 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. 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. He emphasized that CoreCivic believed the allegations in the lawsuit were without merit.. The case is currently in discovery. Incarcerated People Are Paying the Price. D. Seamus Kaskela, Esq. 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. Although the information on this website is intended to assist you, it does not replace the information contained in the Notice and Stipulation, both of which can be found and downloaded by clicking on the Case Documents tab above. 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. Tenn.), Case No. Radnor, PA 19087 Did you purchase shares of Corrections Corporation of America (2016) prior to the Class Period? 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 will be paid from the Settlement Fund to the extent the Court approves their application for fees and expenses. Whether anything actually comes of that remains to be seen. 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. 666 Broadway Remember Or log in with Google Twitter Facebook Apple Sign up Fax: 212-614-6499, CCR filed a petition for rulemaking with the FCC. The fact that CoreCivics stock eventually recovered was no defense to its alleged use of false statements and failure to disclose adverse information. Lawsuit Filed, Settlement Proposed, Settlement Approved. Kessler Topaz Meltzer & Check prosecutes class actions in state and federal courts throughout the country. Wright v. Corrections Corporation of America. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. 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"). 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 March of 2007, CCR and its partners filed an alternative rulemaking proposal. 7th Floor CCA shareholders may, no 2. 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.

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