SAN DIEGO, CA / ACCESSWIRE / January 16, 2018 / The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain purchasers of NYSE: CXW shares against Corecivic Inc. (formerly Corrections Corp Of America) over alleged violations of Securities Laws.
Investors, who purchased shares of Corecivic Inc. - formerly Corrections Corporation Of America - in February 2012 or earlier and continue to hold any of those NYSE: CXW shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On August 23, 2016, a lawsuit was filed against Corrections Corp Of America (now Corecivic Inc.) over alleged securities laws violations. The plaintiff alleged that the defendants made false and/or misleading statements and/or failed to disclose, that Corrections Corp Of America's facilities lacked adequate safety and security standards and were less efficient at offering correctional services than the Federal Bureau of Prisons' ("BOP") facilities, that Corrections Corp Of America's rehabilitative services for inmates were less effective than the BOP's services; that the U.S. Department of Justice ("DOJ") was unlikely to renew and/or extend its contracts with Corrections Corp Of America, and that as a result of the above, Corrections Corp Of America's public statements were materially false and misleading at all relevant times. On March 13, 2017, an amended complaint was filed and on May 12, 2017 the defendants filed their motion to dismiss the case. On December 18, 2017, the court denied the motion to dismiss the lawsuit.
Those who purchased Corrections Corporation Of America (NYSE: CXW) shares should contact the Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
SOURCE: Shareholders Foundation, Inc.
