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. The Settling Parties engaged in good faith negotiations, but did not reach a settlement. 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. 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 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. When typing in this field, a list of search results will appear and be automatically updated as you type. 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 3:16-cv-02267 Honorable Aleta A. Trauger . This browser does not support PDFs. 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. 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. You will not be charged for these lawyers. We believe that this percentage compares favorably to the percentage of government-operated adult prisons that are accredited by the ACA, the report stated. The lawsuit captioned Grae v. Corrections Corporation of America, et al., Case No. or Adrienne O. The Trump administration reversed course on the end of private prison contracts from the government. For additional information please visit https://www.ktmc.com/new-cases/corrections-corporation-of-america#join. Sections 1 et seq., the Communications Act, 47 U.S.C. Status. Tenn.) (the "Litigation"), you must complete and, on 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. Check, Esq.D. 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. you might be an appropriate lead plaintiff candidate, Kessler Topaz will contact you to discuss The district court found that Amalgamated had met the requirements of numerosity, commonality, typicality and adequacy of representation for class certification. Civil Action No. Delayed Nyse 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"). Title. 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. (610) 667-7706 Kessler Topaz Meltzer & Check prosecutes class actions in state and federal courts throughout the country. at (888) 299 7706 or at [emailprotected]. The class action investors who filed the suit are primarily hedge funds, union pension funds and other institutional investors looking to turn a buck on mass incarceration. 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. By signing this form you are or Adrienne O. Bell, Esq.) Join us on the front lines for social justice! Kessler Topaz Meltzer & Check prosecutes class actions in state and federal courts throughout the country. ClassAction.org is a group of online professionals (designers, developers and writers) with years of experience in the legal industry. 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. 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. CCA shareholders may, no 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. 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. 3:16-cv-02267 (M.D. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. 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"). Seamus Kaskela, Esq.Adrienne O. Copyright 2023 Surperformance. 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. Tranche Update on CoreCivic, Inc.'s Equity Buyback Plan announced on May 16, 2022. https://www.ktmc.com/new-cases/corrections-corporation-of-america#join, http://www.prnewswire.com/news-releases/shareholder-class-action-filed-against-corrections-corporation-of-america--cxw-300317822.html, CoreCivic Reports Fourth Quarter and Full Year 2022 Financial Results. Kessler Topaz Meltzer & Check, LLPDarren J. Forgot password ? from 8 AM - 9 PM ET. 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). 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 March of 2007, CCR and its partners filed an alternative rulemaking proposal. Sections 151 et seq., and other laws of the District of Columbia. 3:16-cv-02267. 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. Shareholders who wish to discuss this action and their legal options are encouraged to contact Kessler Topaz Meltzer & Check, LLP (Darren J. Advanced search Log in. Below these are specific cases. Tranche Update on CoreCivic, Inc.'s Equity Buyback Plan announced on May 16, 2022. https://www.ktmc.com/new-cases/corrections-corporation-of-america#join, CoreCivic Reports Fourth Quarter and Full Year 2022 Financial Results. By Aug. 1, it was down to a little more than $32.50, then the downturn started picking up more speed. 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. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. Judge Trauger found there was a strong case to be made that CoreCivic got off easy with respect to the OIG report. 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. A trial is scheduled for May 18, 2021. These exclusive dealing agreements allow defendants to use their control over a captive audience to unjustly enrich themselves. All rights reserved. The plaintiffs allege the defendant threatened to punish detainees who refused to engage in tasks that the case claims included cleaning the entire facility, preparing meals for law enforcement events, clerical work, providing barber services, and preparing clothing for new inmates. Darren J. the part of Kessler Topaz or you to file a lead plaintiff motion in this matter. 3:16-cv-02267; 2019 U.S. Dist. 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. 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. Date Filed. 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. New to ClassAction.org? 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. 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. Buckfire Law Wins Jail Death Trial Against Corizon Health's Employees Dec, 16 2022 Private prison company execs accused of downplaying detainee lawsuits Aug 26, 2022 Check, Esq., D. Seamus Kaskela, Esq. 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. February 6, 2023. The effect on stock prices The contract prisons are operated by three private corporations, including Corrections Corporation of America. 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 also alleged that the agreements violate the Sherman Anti-Trust Act, 15 U.S.C. For more information on this case or other class action litigations, please contact Adam Foulke at 203-987-4949 or info@battea.com. Incarcerated People Are Paying the Price. 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.. 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. 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. On May 26, 2019, the Court certified the Class consisting of all persons who purchased or otherwise acquired Corrections Corporation of America. No settlement was reached however, and on October 31, 2003, CCR filed a petition for rulemaking with the FCC. 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. [T]ime has shown the [private prisons] compare poorly to our own Bureau facilities. The class and CoreCivic agreed on April 15, 2021 to settle the lawsuit for $56 million, which includes attorney fees and costs. submit will be maintained as confidential. District Judge Gladys Kessler acknowledged the civil rights concerns, but referred the case to the Federal Communications Commission, under the doctrine of primary jurisdiction. 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. The law firm of Robbins Geller Rudman & Dowd LLP represents you and other Class Members. 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. CORRECTIONS CORPORATION OF AMERICA, et al., Defendants. ) 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. Provides Earnings Guidance for the Year 2023, CoreCivic, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2022, CoreCivic, Inc. Reports Earnings Results for the Full Year Ended December 31, 2022, CoreCivic Announces 2022 Fourth Quarter Earnings Release and Conference Call Dates, CoreCivic to Redeem 4.625% Senior Notes Due 2023.
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