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. 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. See: Grae v. Corrections Corporation of America, USDC, C. Dist. or Adrienne O. For two years, CCR participated in a mediation process with defendants and the Special Enforcement unit of the FCC as required. Notice of Proposed Settlement of Class Action. Martha Wright v. Corrections Corporation of America (FCC Petition 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. Finally, this claim also takes into account the recent decision by the U.S. Department of Justice not to renew or extend its contracts with private corrections companies, which sent Corrections Corporations stock plummeting in mid-August. 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. 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. 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. The capitalized terms used on this website, and not otherwise defined, shall have the same meanings ascribed to them in the. See: Grae v. Corrections Corporation of America, U.S.D.C. (610) 667-7706 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. The lawsuit, filed in August 2016 against the company and four executives, alleges CoreCivic, formerly named Corrections Corp. of America, made false and misleading statements about its. Expert depositions are scheduled to conclude on October 30, 2020. Read more here: Camp Lejeune Lawsuit Claims. By signing this form you are Copyright 2023 Surperformance. Martha Wright v. Corrections Corporation of America Bell, Esq.) For additional information please visit https://www.ktmc.com/new-cases/corrections-corporation-of-america#join. Defendants deny each and all of Plaintiffs allegations. The FCC sought comments on petitioners alternative proposal in the spring of 2007, and supportive comments were filed with the FCC by many organizations, including the Ad Hoc Coalition for the Right to Communicate and the Sentencing Project. 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.. 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. . PCI Lawsuits - PCI Home Title. -, Transcript : CoreCivic, Inc., Q4 2022 Earnings Call, Feb 09, 2023, CoreCivic's Q4 Adjusted Earnings, Revenue Decline. They will be paid from the Settlement Fund to the extent the Court approves their application for fees and expenses. Ms. Wright was present for the announcement along with other family members of prisoners, advocates and other allies. 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. They also alleged that the agreements violate the Sherman Anti-Trust Act, 15 U.S.C. 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. CoreCivic and its executives, as might be expected, typically portrayed its services in a positive light to shareholders, the district court wrote. Tenn.) (the "Litigation"), you must complete and, on the plaintiffs in the class action lawsuit moved to sever their case from the monetary claims. For more information about Kessler Topaz Meltzer & Check, or for additional information about participating in this action, please visit www.ktmc.com. Case No. 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. Donations: 212-614-6448 On February 28, 2019, the Settling Parties participated in a voluntary confidential mediation with Gregory Lindstrom, Esq. The class action suit has a class period of between Feb. 27, 2012, and Aug. 17, 2016. For more information about Kessler Topaz Meltzer & Check, or for additional information about participating in this action, please visit www.ktmc.com. Consequently, the stock has dropped 56 percent from its year-to-date high, observed just a few months earlier. Radnor, PA 19087 Check, Esq.D. 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. New York, NY 10012, Main: 212-614-6464 The Settling Parties engaged in good faith negotiations, but did not reach a settlement. 3:16-cv-02267, was filed in the District Court. | November 22, 2022 The court granted their motion on April 27, 2011 and allowed the . The settlement was greeted cheerfully by the stock market, as seen by the 3.5% gain in CoreCivics stock price after the it was announced. info@ktmc.com, SOURCE: Kessler Topaz Meltzer & Check, LLP. 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.. Corrections Corporation of America/CoreCivic, Rural Prisons . 3:16-cv-02267; 2019 U.S. Dist. from 8 AM - 9 PM ET. Delayed Nyse $56 Million Settlement in CoreCivic Securities Violation Lawsuit 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. Security. Robbins Geller Rudman & Dowd LLP Announce Proposed Settlement in the 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. 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. Tenth Circuit Revives Suit Against Colorado Jail Guard in Death of Mentally Disabled Detainee, Nov. 30, 2022. Join us on the front lines for social justice! 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. The District Court later appointed Amalgamated Bank, as . District Judge Gladys Kessler acknowledged the civil rights concerns, but referred the case to the Federal Communications Commission, under the doctrine of primary jurisdiction. Prison Staff Are Refusing Vaccines. 666 Broadway 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 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. 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 securities between February 27, 2012 and August 17, 2016, inclusive, and who were damaged thereby. The district court found that Amalgamated had met the requirements of numerosity, commonality, typicality and adequacy of representation for class certification. The class specifically excluded CCA and CoreCivic officers named as defendants. Adrienne O. 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. 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. 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 . 7th Floor Ms. Wright was present for the announcement along with other family members of prisoners, advocates and other allies. New to ClassAction.org? Date Filed. The law firm of Robbins Geller Rudman & Dowd LLP represents you and other Class Members. 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. Tenn.), Case No. On May 31, 2019, Defendants and Plaintiff participated in another in-person mediation session with Mr. Lindstrom. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. We recommend that you read the Notice and other relevant case documents carefully. Fax: 212-614-6499. For more information, visit Batteas Corrections Corporation of America case summary. On May 26, 2019, the Court certified the Class consisting of all persons who purchased or otherwise acquired Corrections Corporation of America. 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. Lawsuit Claims CoreCivic Allowed Corruption and Gangs to Flourish at (888) 299-7706 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. YOUR LEGAL RIGHTS AND OPTIONS IN THIS SETTLEMENT, , Civil Action No. If Kessler Topaz, in its sole discretion, believes that 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. 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. Did you purchase shares of Corrections Corporation of America (2016) prior to the Class Period? Advanced search Log in. All rights reserved. As a digital subscriber to Prison Legal News, you can access full text and downloads for this and other premium content. The lawsuit captioned Grae v. Corrections Corporation of America, et al., Case No. New cases and investigations, settlement deadlines, and news straight to your inbox. Shareholders who wish to discuss this action and their legal options are encouraged to contact Kessler Topaz Meltzer & Check, LLP (Darren J. Judge Trauger found there was a strong case to be made that CoreCivic got off easy with respect to the OIG report. ) ) ) ) ) ) ) ) Civil Action No. TN, Case No. Corrections Corporation of America 1:11-cv-00185 | U.S. District Court for the District of Idaho. 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 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. 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. Case: Kelly v. Corrections Corporation of America - Clearinghouse He emphasized that CoreCivic believed the allegations in the lawsuit were without merit.. Get class action lawsuit news sent to your inbox - sign up for ClassAction.org's free weekly newsletter here. PDF United States District Court Middle District of Tennessee Corrections In short, the defendants profited from their unfair control over imprisoned people. 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. Donations: 212-614-6448 Check, Esq.D. Sections 151 et seq., and other laws of the District of Columbia. Kessler Topaz Meltzer & Check prosecutes class actions in state and federal courts throughout the country. Civil Action No. 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. 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. ClassAction.org is a group of online professionals (designers, developers and writers) with years of experience in the legal industry. These exclusive dealing agreements allow defendants to use their control over a captive audience to unjustly enrich themselves. 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. CoreCivic, Inc., formerly Corrections Corporation of America, is the defendant proposed class action filed over alleged human trafficking and labor law violations. (M.D. On some level it seems as though Wall Street had expected a downturn to come in this regard. Since then, Correction Corporation has been trading at less than $20 more or less the entire time, and the most recent price available for the stock was just $15.40 per share. 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. Goldberg Law PC Files Class Action Lawsuit against Corrections Ordering the federal officials to not renew private prison contracts was one of the first acts President Biden made upon taking office. The Stipulation (together with the Exhibits thereto) reflects the final and binding agreement between the Settling Parties. at (888) 299 7706 or at [emailprotected]. 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. 7th Floor 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. The civil complaint cited statements made in Annual Reports CCA filed with the Securities and Exchange Commission. 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. GLOBALLY RECOGNIZED ROSEN LAW FIRM Encourages Credit Acceptance RADNOR, PA / ACCESSWIRE / August 29, 2016 / The law firm of Kessler Topaz Meltzer & Check, LLP alerts Corrections Corporation of America shareholders that a class action lawsuit has been filed. 666 Broadway You will still be a Member of the Class. 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. 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"). Bell, Esq.280 King of Prussia RoadRadnor, PA 19087(888) 299 - 7706(610) 667 - 7706info@ktmc.com, To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/shareholder-class-action-filed-against-corrections-corporation-of-america--cxw-300317822.html, SOURCE Kessler Topaz Meltzer & Check, LLP. Atlassian Class Action: Levi & Korsinsky Reminds Atlassian Corporation They simply do not provide the same level of correctional services, programs, and resources, Yates said in making the announcement. 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. 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. For more information about Kessler Topaz Meltzer & Check, or for additional information about participating in this action, please visit www.ktmc.com. CoreCivic shareholders granted class action status in fraud lawsuit 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. Sections 1 et seq., the Communications Act, 47 U.S.C. Please read this entire Notice carefully. 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. D. Seamus Kaskela, Esq. 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 . -, Transcript : CoreCivic, Inc., Q4 2022 Earnings Call, Feb 09, 2023, CoreCivic's Q4 Adjusted Earnings, Revenue Decline. Guard Misconduct, Settlements, Excessive Force (Wrongful Death) . 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. 3:16-cv-02267. 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.