NEW YORK, Sept. 7, 2016 /PRNewswire/ -- Rosen Law Firm, a
global investor rights law firm, reminds purchasers of Corrections
Corporation of America securities (NYSE: CXW) from February 27, 2012 through August 17, 2016, inclusive (the "Class Period")
of the important October 24, 2016
lead plaintiff deadline in the class action. 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.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com
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SOURCE Rosen Law Firm, P.A.