SAN DIEGO, Aug. 19, 2016 /PRNewswire/ -- Shareholder Rights
Law Firm Johnson & Weaver, LLP today announced that it is
investigating possible violations of federal securities laws by
Corrections Corporation of America (NYSE: CXW). Corrections
Corporation owns and operates privatized correctional and detention
facilities in the United
States.
On August 18, 2016, it was
revealed that the U.S. Department of Justice plans to end its use
of private prisons. On this unfavorable news, Corrections
Corporation shares closed down 35.45% on August 18, 2016.
Specifically, Johnson & Weaver's investigation seeks to
determine whether certain statements, to investors, regarding
Corrections Corporation's business, operations and prospects were
false and misleading when made.
If you have information that could assist in this
investigation, or if you are a Corrections Corporation
shareholder and are interested in learning more about the
investigation or your legal rights and remedies, please contact
Jim Baker
(jimb@johnsonandweaver.com) by email or by phone at
619-814-4471. If emailing, please include a phone number where you
can be reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
Contact:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com
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SOURCE Johnson & Weaver, LLP