SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of The GEO Group, Inc. of a Class Action Lawsuit & a Lead Plai...
September 30 2016 - 12:17PM
Business Wire
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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160930005675/en/
Levi & Korsinsky, LLPJoseph E. Levi, Esq., 212-363-7500Toll
Free: 877-363-5972Fax: 212-363-7171www.zlk.com
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