EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Corrections Corporation of America
August 24 2016 - 3:33PM
Business Wire
Rosen Law Firm, a global investor rights law firm, announces the
filing of a class action lawsuit on behalf of purchasers of
Corrections Corporation of America securities (NYSE:CXW) from
February 27, 2012 through August 17, 2016, inclusive (the “Class
Period”). The lawsuit seeks to recover damages for Corrections
Corporation investors under the federal securities laws.
To join the Corrections Corporation class action, go to the
website at http://www.rosenlegal.com/cases-941.html or call Phillip
Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email
pkim@rosenlegal.com or kchan@rosenlegal.com for information on the
class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A
CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU
RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO
NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, defendants throughout the Class Period
made false and/or misleading statements and/or failed to disclose
that: (1) Corrections Corporation’s facilities lacked adequate
safety and security standards and were less efficient at offering
correctional services than the Federal Bureau of Prisons’ (“BOP”)
facilities; (2) Corrections Corporation’s rehabilitative services
for inmates were less effective than those provided by BOP; (3)
consequently, the U.S. Department of Justice (“DOJ”) was unlikely
to renew and/or extend its contracts with Corrections Corporation;
and (4) as a result, Corrections Corporation’s public statements
were materially false and misleading at all relevant times. When
the true details entered the market, the lawsuit claims that
investors suffered damages.
A class action lawsuit has already been filed. If you wish to
serve as lead plaintiff, you must move the Court no later than
October 24, 2016. If you wish to join the litigation, go to
http://www.rosenlegal.com/cases-941.html or to discuss your rights
or interests regarding this class action, please contact, Phillip
Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at
866-767-3653 or via e-mail at pkim@rosenlegal.com or
kchan@rosenlegal.com.
Follow us for updates on LinkedIn:
https://www.linkedin.com/company/the-rosen-law-firm or on Twitter:
https://twitter.com/rosen_firm.
Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
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version on businesswire.com: http://www.businesswire.com/news/home/20160824006086/en/
The Rosen Law Firm, P.A.Laurence Rosen, Esq.Phillip Kim,
Esq.Kevin Chan, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: 212-686-1060Toll Free: 866-767-3653Fax:
212-202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
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