corrections corporation of america class action lawsuit corrections corporation of america class action lawsuit

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. As more fully described in the Notice of Proposed Settlement of Class Action(the "Notice"), the initial complaint in this action was filed on August 23, 2016. Notice of Proposed Settlement of Class Action. [See: PLN, Oct. 2018, p.30; Oct. 2016, p.22]. 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. CORRECTIONS CORPORATION OF AMERICA, et al., Defendants. ) 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, has been certified by the District Court as a class action; and Amalgamated Bank, as Trustee for . The District Court later appointed Amalgamated Bank, as . Defendants deny each and all of Plaintiffs allegations. Check, Esq.D. 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. 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. Goldberg Law PC announces that a class action lawsuit has been filed against Corrections Corporation of America .. | February 6, 2023. The complaint in this action was not filed by Kessler Topaz Meltzer & Check. What Is This Lawsuit About? By Aug. 1, it was down to a little more than $32.50, then the downturn started picking up more speed. 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. For additional information please visit https://www.ktmc.com/new-cases/corrections-corporation-of-america#join. Fax: 212-614-6499. Kessler Topaz Meltzer & Check, LLP Did you purchase shares of Corrections Corporation of America (2016) prior to the Class Period? We recommend that you read the Notice and other relevant case documents carefully. 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. 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"). On August 9, 2013, the Federal Communications Commission (FCC) finally approved new rules capping prison phone rates, ten years after Martha Wright filed her petition. If Kessler Topaz, in its sole discretion, believes that 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. 3:16-cv-02267, was filed in the District Court. For additional information please visit https://www.ktmc.com/new-cases/corrections-corporation-of-america#join. The Class Representative alleges that defendants engaged in a scheme to defraud and made numerous materially false and misleading statements and omissions to investors regarding CCAs business and operations, including by falsely stating that: (i) the outsourcing of correctional services to CCA resulted in improving correctional services for government agencies, including the BOP; (ii) CCAs facilities were operated in accordance with applicable policies, procedures and contractual requirements; (iii) CCAs renewal rate on contracts was and would remain high because of the quality of services it provided to government customers; and (iv) the outsourcing of correctional services to CCA resulted in significant costs savings for government agencies, including the BOP. info@ktmc.com, SOURCE: Kessler Topaz Meltzer & Check, LLP. 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. New York, NY 10012, Main: 212-614-6464 The contract prisons are operated by three private corporations, including Corrections Corporation of America. New York, NY 10012, Main: 212-614-6464 Join us on the front lines for social justice! 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 LEXIS 50444. 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Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. CoreCivic, Inc. Reports Impairment of Real Estate Assets for the Fourth Quarter Ended D.. CoreCivic, Inc. This was also true for its rehabilitative services in comparison with those provided by the BOP. 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 agreement included, among other things, the Settling Parties agreement to settle the Litigation in return for a cash payment of $56,000,000 for the benefit of the Class, subject to the negotiation of the terms of a Stipulation of Settlement and approval by the Court. Whether anything actually comes of that remains to be seen. Donations: 212-614-6448 authorizing us to contact you regarding this case and/or future cases. A trial is scheduled for May 18, 2021. The submission of this form does not create an attorney-client relationship, nor an obligation on For two years, CCR participated in a mediation process with defendants and the Special Enforcement unit of the FCC as required. . A shareholder class-action lawsuit was filed Wednesday against Corrections Corporation of America, a private prison company that was the subject of a recent Mother Jones investigation. 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. They simply do not provide the same level of correctional services, programs, and resources, Yates said in making the announcement. For more information about Kessler Topaz Meltzer & Check, or for additional information about participating in this action, please visit www.ktmc.com. Guard Misconduct, Settlements, Excessive Force (Wrongful Death) . Prison Staff Are Refusing Vaccines. Community Corrections E-Carceration 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. 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. Please download the PDF to view it: Download PDF. KESSLER TOPAZ MELTZER & CHECK, LLP 2023 ALL RIGHTS RESERVED. 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. Wedbush Upgrades CoreCivic to Outperform From Neutral, Adds Stock to Best Ideas List, A.. Senior VP-Federal & Local Customer Relations, Chief Financial Officer & Executive Vice President, Chief Information Officer & VP-Technology, Chief Operating Officer & Executive Vice President. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). Bell, Esq.) For more information about Kessler Topaz Meltzer & Check, or for additional information about participating in this action, please visit www.ktmc.com. 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. They will be paid from the Settlement Fund to the extent the Court approves their application for fees and expenses. Incarcerated People Are Paying the Price. 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. 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. Share The petition sought restructuring of long distance inmate calling services to introduce competition. Date Filed. -, Transcript : CoreCivic, Inc., Q4 2022 Earnings Call, Feb 09, 2023, CoreCivic's Q4 Adjusted Earnings, Revenue Decline. 27, 2012 and August 17, 2016, inclusive (the "Class Period"). On Aug. 17, the day before the DOJ announcement, Correction Corporation was trading at just $27.22 per share. 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. 3:16-cv-02267; 2019 U.S. Dist. 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. Darren J. TN, Case No. CCR filed a petition for rulemaking with the FCC. of Phillips ADR, an experienced mediator. 666 Broadway On August 23, 2016, the initial complaint in this securities class action was filed against Corrections Corporation of America (CCA) and certain of CCAs top officials, asserting violations of sections 10(b) and 20(a) of the Securities Exchange Act. The suit, brought under the Fair Labor Standards Act, alleged that CCA had . Updated. 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.. They also alleged that the agreements violate the Sherman Anti-Trust Act, 15 U.S.C. As a digital subscriber to Prison Legal News, you can access full text and downloads for this and other premium content. 3:16-cv-02267; 2019 U.S. Dist. Are you a current or former employee of Corrections Corporation of America (2016)? On May 26, 2019, the Court certified the Class consisting of all persons who purchased or otherwise acquired Corrections Corporation of America. CCA shareholders may, no submit will be maintained as confidential. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. 3:16-cv-02267, has been certified by the District Court as a class action; and Amalgamated Bank, as Trustee for . 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. 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"). 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. The effect on stock prices Ordering the federal officials to not renew private prison contracts was one of the first acts President Biden made upon taking office. The complaint alleges that the Company made false and/or misleading statements and/or failed to disclose: (a) that Corrections . (M.D. For additional information please visit https://www.ktmc.com/new-cases/corrections-corporation-of-america#join. Layn R. Phillips (Ret.). The outlook for CoreCivic and the private prison industry took a hit with the Biden administration in the White House. 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. The capitalized terms used on this website, and not otherwise defined, shall have the same meanings ascribed to them in the Stipulation of Settlement (the "Stipulation") dated June 24, 2021, which can be found and downloaded by clicking on the Case Documents tab above. 3:16-cv-02267 Honorable Aleta A. Trauger . Seamus Kaskela, Esq.Adrienne O. Corrections Corporation of America/CoreCivic, Rural Prisons . 07/28/2021. Radnor, PA 19087 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. Goldberg Law PC announces that a class action lawsuit has been filed against Corrections Corporation of America .. | February 6, 2023 .