GEO SHAREHOLDER ALERT: The Law Offices of Vincent Wong Notifies Investors of a Class Action Involving The GEO Group, Inc. & a...
October 10 2016 - 12:28PM
Business Wire
The Law Offices of Vincent Wong announce that a class action
lawsuit has been commenced in the USDC for the Southern District of
Florida on behalf of investors who purchased The GEO Group, Inc.
(NYSE:GEO) securities between March 1, 2012 and August 17,
2016.
Click here to learn about the case:
http://www.wongesq.com/pslra/the-geo-group-inc. There is no
cost or obligation to you.
According to the complaint, during the Class Period, GEO made
false and/or misleading statements and/or failed to disclose that:
(a) GEO’s facilities lacked adequate safety and security standards
and were less efficient at offering correctional services than the
Federal Bureau of Prisons’ (“BOP”) facilities; (b) the Company’s
rehabilitative services for inmates were less effective than the
BOP’s services; (c) the U.S. Department of Justice (“DOJ”) was
unlikely to renew and/or extend its contracts with GEO; and (d) as
a result of the above, GEO’s public statements were materially
false and misleading at all relevant times.
On August 18, 2016, it was announced that the DOJ has decided to
stop using private prisons. Upon this news, shares of GEO closed at
$19.51 per share, following a previous close of $32.29 per
share.
If you suffered a loss in The GEO Group you have until October
24, 2016 to request that the Court appoint you as lead plaintiff.
Your ability to share in any recovery doesn’t require that you
serve as a lead plaintiff. To obtain additional information,
contact Vincent Wong, Esq. either via email vw@wongesq.com, by
telephone at 212.425.1140, or visit
http://www.wongesq.com/pslra/the-geo-group-inc.
Vincent Wong, Esq. is an experienced attorney that has
represented investors in securities litigations involving financial
fraud and violations of shareholder rights. Attorney advertising.
Prior results do not guarantee similar outcomes.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161010005904/en/
Vincent Wong, Esq., 212-425-1140Fax.
866-699-3880vw@wongesq.com
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