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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. The complaint in this action was not filed by Kessler Topaz Meltzer & Check. (888) 299-7706 Kessler Topaz Meltzer & Check prosecutes class actions in state and federal courts throughout the country. 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. . On some level it seems as though Wall Street had expected a downturn to come in this regard. As a digital subscriber to Prison Legal News, you can access full text and downloads for this and other premium content. 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. 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. Corrado Rizzi is the Senior Managing Editor of ClassAction.org. 3:16-cv-02267; 2019 U.S. Dist. 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 It also provides e-carceration technologies, transportation, and other services as part of the criminal punishment system. Get class action lawsuit news sent to your inbox - sign up for ClassAction.org's free weekly newsletter here. Kessler Topaz Meltzer & Check, LLPDarren J. 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. Following the second in-person mediation, the Settling Parties continued settlement discussions through Mr. Lindstrom and Hon. The civil complaint cited statements made in Annual Reports CCA filed with the Securities and Exchange Commission. The capitalized terms used on this website, and not otherwise defined, shall have the same meanings ascribed to them in the. 666 Broadway 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. Read more here: Camp Lejeune Lawsuit Claims. 3:16-cv-02267; 2019 U.S. Dist. 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. Are you a current or former employee of Corrections Corporation of America (2016)? We believe that this percentage compares favorably to the percentage of government-operated adult prisons that are accredited by the ACA, the report stated. 3:16-cv-02267, has been certified by the District Court as a class action; and Amalgamated Bank, as Trustee for . GENERAL INSTRUCTIONS 1. 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. 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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. Sections 151 et seq., and other laws of the District of Columbia. Shareholders who wish to discuss this action and their legal options are encouraged to contact Kessler Topaz Meltzer & Check, LLP (Darren J. $2.57 Million Settlement for Hogtying Death in NC Police Custody, Nov. 30, 2022. 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. Prior to this session, the Settling Parties provided to Mr. Lindstrom and exchanged supplemental mediation materials. Corrections Corp Of America (NYSE:CXW) Investor Securities Class Action Lawsuit 08/23/2016. 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. Specifically, the suit claims that, among other things, Corrections Corporation did not advise investors as to shortcomings in its safety and security standards, and that it was apparently less efficient when it came to providing these things tothe Federal Bureau of Prisons. of Phillips ADR, an experienced mediator. 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. Please download the PDF to view it: Download PDF. The class specifically excluded CCA and CoreCivic officers named as defendants. They also alleged that the agreements violate the Sherman Anti-Trust Act, 15 U.S.C. The only way to be eligible to receive a payment from the Settlement. Goldberg Law PC announces that a class action lawsuit has been filed against Corrections Corporation of America .. | February 6, 2023 . A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. 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.
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