UPCOMING DEADLINE: Levi & Korsinsky, LLP Reminds Shareholders of Corrections Corp. of America of a Class Action Lawsuit & a L...
October 21 2016 - 10:12AM
Business Wire
The following statement is being issued by Levi & Korsinsky,
LLP:
To: All persons or entities who purchased or otherwise
acquired securities of Corrections Corporation of America
(NYSE:CXW) between February 27, 2012 and
August 17, 2016. You are hereby notified that a
securities class action lawsuit has been commenced in the USDC for
the Middle District of Tennessee. To get more information go
to:
http://www.zlk.com/pslra/corrections-corporation-of-america
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 the Company made false and/or
misleading statements and/or failed to disclose: (a) that
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;
(b) that the Company’s rehabilitative services for inmates were
less effective than the BOP’s services; (c) that the U.S.
Department of Justice (“DOJ”) was unlikely to renew and/or extend
its contracts with Corrections Corporation; (d) and that as a
result of the above, Corrections Corporation’s public statements
were materially false and misleading at all relevant times.
On August 18, 2016, the DOJ announced that it has decided to
stop using private prisons, since they are less safe and less
effective than federal government-run prisons.
If you suffered a loss in Corrections Corporation 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20161021005560/en/
Levi & Korsinsky, LLPJoseph E. Levi, Esq.Tel:
212-363-7500Toll Free: 877-363-5972Fax: 212-363-7171www.zlk.com
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