US-China Trade Talks Sideline Chip Export Controls as Nvidia China Sales Draw Attention 
Asia-Pacific Banks Brace for Rising Credit Risks Amid Iran Conflict 
Anthropic to Brief Financial Stability Board on AI-Driven Cyber Risks 
Standard Chartered Appoints Manus Costello as New CFO Amid Leadership Reshuffle 
Warren Buffett and Stephen Curry Charity Dinner Auction Raises $27 Million for Nonprofits 
YouTube and Snap Settle School District Mental Health Lawsuit Ahead of Major Social Media Trial 
CXMT Forecasts Record Revenue Growth as Global DRAM Prices Surge 
Samsung Strike Talks Resume as South Korea Weighs Emergency Action 
DOJ May Drop Gautam Adani Fraud Charges Amid $10 Billion U.S. Investment Plan 
Sonova Beats Profit Forecasts Despite Cochlear Implant Weakness 
Alphabet Raises Record $3.6 Billion in Yen Bonds to Support AI Expansion 
SpaceX Shareholders Approve 5-for-1 Stock Split Ahead of Potential IPO 
BlackRock-Led GCC Infrastructure Partnership Targets $30 Billion Investment 
Samsung Union Talks Enter Final Stage as Strike Threat Looms 
Berkshire Hathaway Reveals New Stakes in Delta Air Lines and Macy’s Under Greg Abel 
NEW YORK, Sept. 21, 2016 -- 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 [email protected], 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.
CONTACT: Vincent Wong, Esq. 39 East Broadway Suite 304 New York, NY 10002 Tel. 212.425.1140 Fax. 866.699.3880 E-Mail: [email protected]
