Shareholders who have incurred losses in Corrections Corporation of America securities are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774.. Community Corrections E-Carceration Private prisons do not save substantially on costs; and as noted in a recent report by the Departments Office of Inspector General, they do not maintain the same level of safety and security.. No settlement was reached however, and on October 31, 2003, CCR filed a petition for rulemaking with the FCC. 2009 the U.S. District Court for the District of Kansas unsealed a $7 million settlement agreement in a nationwide class-action wage and hour lawsuit against CCA. [T]ime has shown the [private prisons] compare poorly to our own Bureau facilities. This settlement will help ensure they dont lose money betting on the business of caging people for profit. Get no payment. CORRECTIONS CORPORATION OF AMERICA, et al., Defendants. ) Last week . 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. . 3:16-cv-02267, has been certified by the District Court as a class action; and Amalgamated Bank, as Trustee for . info@ktmc.com, SOURCE: Kessler Topaz Meltzer & Check, LLP. A trial is scheduled for May 18, 2021. 3:16-cv-02267 Honorable Aleta A. Trauger . For additional information please visit https://www.ktmc.com/new-cases/corrections-corporation-of-america#join. Forgot password ? Fax: 212-614-6499, CCR filed a petition for rulemaking with the FCC. 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. 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"): 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. ClassAction.org is a group of online professionals (designers, developers and writers) with years of experience in the legal industry. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The case is currently in discovery. 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. 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. Additional sources: usnews.com, tennessean.com. Ms. Wright was present for the announcement along with other family members of prisoners, advocates and other allies. Its alleged that because the company did not reveal these issues to investors, it materially misled them and caused significant financial harm when the stock price dropped sharply. the plaintiffs in the class action lawsuit moved to sever their case from the monetary claims. 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. 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. . The Federal Communications Commission (FCC) finally approves new rules capping prison phone rates, ten years after Martha Wright filed her petition. We believe that this percentage compares favorably to the percentage of government-operated adult prisons that are accredited by the ACA, the report stated. Check, Esq., D. Seamus Kaskela, Esq. 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. This website has been established to provide general information related to the proposed settlement of the case entitledGrae v. Corrections Corporation of America, et al., Civil Action No. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. Receive no payment. The class action suit has a class period of between Feb. 27, 2012, and Aug. 17, 2016. 3:16-cv-02267. Ask to speak in Court about the fairness of the Settlement. Kessler Topaz Meltzer & Check, LLPDarren J. Bell, Esq.) Lawsuits are now being filed on behalf of Elmiron patients who suffered permanent retinal injuries and seek to recover money for physical and mental anguish, medical expenses and more. See: Grae v. Corrections Corporation of America, USDC, C. Dist. securities between February 27, 2012 and August 17, 2016, inclusive, and who were damaged thereby. from 8 AM - 9 PM ET. Shareholders who wish to discuss this action and their legal options are encouraged to contact Kessler Topaz Meltzer & Check, LLP (Darren J. The world's largest private prison company. The effect on stock prices Advanced search Log in. Private prison operator CoreCivic, formerly known as Corrections Corporation of America (CCA), paid $56 million to settle a class action lawsuit alleging it violated securities laws that resulted in a loss to stock holders. Radnor, PA 19087 District Judge Gladys Kessler acknowledged the civil rights concerns, but referred the case to the Federal Communications Commission, under the doctrine of primary jurisdiction. PLN managing editor Alex Friedmann, who owns a small amount of CoreCivic stock as an activist investor, mainly for the purpose of filing shareholder resolutions, has filed a separate derivative suit against CoreCivic that was stayed pending developments in the Grae case, which remains pending. 3:16-cv-02267; 2019 U.S. Dist. For more information, visit Battea's Corrections . 666 Broadway These exclusive dealing agreements allow defendants to use their control over a captive audience to unjustly enrich themselves. 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. Corrections Corporation of America/CoreCivic, Rural Prisons . 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 . Other reports continued the theme of high standards that governed the operation of CCAs federal facilities. On April 15, 2021, the Settling Parties accepted the mediators proposal to resolve the Litigation, and on May 19, 2021, executed a Settlement Agreement memorializing their agreement. Read our Newswire Disclaimer. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. 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. Camp Lejeune residents now have the opportunity to claim compensation for harm suffered from contaminated water. Incarcerated People Are Paying the Price. Before commenting, please review our comment policy. All rights reserved. -, Transcript : CoreCivic, Inc., Q4 2022 Earnings Call, Feb 09, 2023, CoreCivic's Q4 Adjusted Earnings, Revenue Decline. CCA shareholders who purchased securities during the Class Period may, no later than October 24, 2016, seek to be appointed as a lead plaintiff of the class. Fax: 212-614-6499. In the lawsuit, plaintiffs alleged that the unconscionable arrangements violated 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. 666 Broadway Wright v. Corrections Corporation of America. Join us on the front lines for social justice! For more information on this case or other class action litigations, please contact Adam Foulke at 203-987-4949 or info@battea.com. 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. 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 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. 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. On August 23, 2016, an action captioned , Grae v. Corrections Corporation of America, et al. Check, Esq.D. Wedbush Upgrades CoreCivic to Outperform From Neutral, Adds Stock to Best Ideas List, A.. The mediation was preceded by submission of mediation statements by the Settling Parties. The complaint alleges that the Company made false and/or misleading statements and/or failed to disclose: (a) that Corrections . The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). Darren J. Kessler Topaz Meltzer & Check prosecutes class actions in state and federal courts throughout the country. The submission of this form does not create an attorney-client relationship, nor an obligation on CoreCivic and its executives, as might be expected, typically portrayed its services in a positive light to shareholders, the district court wrote. Prison Staff Are Refusing Vaccines. This was also true for its rehabilitative services in comparison with those provided by the BOP. the part of Kessler Topaz or you to file a lead plaintiff motion in this matter. 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. Goldberg Law PC announces that a class action lawsuit has been filed against Corrections Corporation of America .. | February 6, 2023 . The contract prisons are operated by three private corporations, including Corrections Corporation of America. 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. 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. 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"). [See: PLN, Oct. 2018, p.30; Oct. 2016, p.22]. On May 31, 2019, Defendants and Plaintiff participated in another in-person mediation session with Mr. Lindstrom. For additional information please visit https://www.ktmc.com/new-cases/corrections-corporation-of-america#join. The complaint in this action was not filed by Kessler Topaz Meltzer & Check. The complaint in this action was not filed by Kessler Topaz Meltzer & Check. 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). Corrections Corporation of America Has Long History of Wage Violations, Poor Treatment of Employees. Sections 151 et seq., and other laws of the District of Columbia. Below these are specific cases. For two years, CCR participated in a mediation process with defendants and the Special Enforcement unit of the FCC as required. 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. 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. Sections 1 et seq., the Communications Act, 47 U.S.C. 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. 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 . 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. 27, 2012 and August 17, 2016, inclusive (the "Class Period"). 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. 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. Read more here: Camp Lejeune Lawsuit Claims. $2.57 Million Settlement for Hogtying Death in NC Police Custody, Nov. 30, 2022. 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. 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. 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. Whether anything actually comes of that remains to be seen. The law firm of Robbins Geller Rudman & Dowd LLP represents you and other Class Members. This is the only option that. That included the likely discontinuation of its reliance upon private companies to run its facilities, as part of an effort to enact reforms that would ensure more proportional sentences and effective use of federal resources.. 7th Floor February 6, 2023. KESSLER TOPAZ MELTZER & CHECK, LLP 2023 ALL RIGHTS RESERVED. Copyright 2023 Surperformance. 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"). 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. The court wrote that the fundamental question was, Did a statement matter? A successful plaintiff must show the misleading statements or failure to disclose was material to a negative stock price impact that caused the loss, but those were issues for trial, not for certifying a class. 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 Bell, Esq. 3:16-cv-02267 Honorable Aleta A. Trauger PROOF OF CLAIM AND RELEASE I. Tenn.) (the "Litigation"), you must complete and, on 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. at (888) 299 7706 or at [emailprotected]. This browser does not support PDFs. Shareholders who wish to discuss this action and their legal options are encouraged to contact Kessler Topaz Meltzer & Check, LLP (Darren J. Layn R. Phillips (Ret.). Seamus Kaskela, Esq.Adrienne O. YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT, , Civil Action No. The petition sought restructuring of long distance inmate calling services to introduce competition. 280 King of Prussia Road the matter and whether to establish an attorney client relationship. 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. What Is This Lawsuit About? Donations: 212-614-6448 Sections 1 et seq., the Communications Act, 47 U.S.C. The Trump administration reversed course on the end of private prison contracts from the government. 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. 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. Ms. Wright was present for the announcement along with other family members of prisoners, advocates and other allies. Donations: 212-614-6448 3:16-cv-02267; 2019 U.S. Dist. 7th Floor 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. All rights reserved. These exclusive dealing agreements resulted in the same civil rights violations as have been alleged in CCRs other two prison telephone cases. Each of these contracts is subject to review by federal officials, but experts generally expect that few if any will be renewed. Notice of Proposed Settlement of Class Action. For additional information please visit https://www.ktmc.com/new-cases/corrections-corporation-of-america#join. (888) 299-7706 Adrienne O. They will be paid from the Settlement Fund to the extent the Court approves their application for fees and expenses. 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. PLN printISSN: 10757678 |PLN online ISSN: 2577-8803, Corrections Corporation of America/CoreCivic, PREA: Tackling the Nightmare of Prison Rape, Nebraska Supreme Court Holds Discretionary Function Exception Bars Lawsuit Over Prisons Botched Response to Uprising, Arizona Federal Court Rescinds Approval of Jensen Settlement; Sets Class Action Medical and Control Unit Case Against Arizona DOC for Trial, $50,000 Settlement for Denial of Medical Care at Tribal Jail in Montana, Protective Order Issued in Florida Solitary Confinement Lawsuit, Georgia Enacts Massive Probation Reform Bill.
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