NEW YORK, Oct. 13, 2016 /PRNewswire/ -- The following
statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise
acquired securities of The GEO Group, Inc. ("GEO") (NYSE: GEO)
between March 1, 2012 and
August 17, 2016. You are
hereby notified that a securities class action lawsuit has been
commenced in the USDC for the Southern District of Florida. To get more information go
to:
http://www.zlk.com/pslra/the-geo-group-inc
or contact Joseph E. Levi, Esq.
either via email at jlevi@zlk.com or by telephone at (212)
363-7500, toll-free: (877) 363-5972. There is no cost or
obligation to you.
The complaint alleges that 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 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.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, California, Connecticut, and Washington D.C. The firm's attorneys have
extensive expertise and experience representing investors in
securities litigation, and have recovered hundreds of millions of
dollars for aggrieved shareholders. Attorney advertising. Prior
results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street - 24th Floor
New York, NY
10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
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SOURCE Levi & Korsinsky, LLP