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SAN DIEGO, Sept. 12, 2016 -- The Shareholders Foundation, Inc. announces that a lawsuit was filed in Florida on behalf of certain purchasers of shares of the GEO Group Inc (NYSE:GEO) over alleged Securities Laws Violations by the GEO Group. The lawsuit seeks to recover damages for certain NYSE:GEO investors.
Investors who purchased shares of The GEO Group Inc (NYSE:GEO) have certain options and for certain investors there are short and strict deadlines running. Deadline: October 24, 2016. The NYSE:GEO investors should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.
The plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that the GEO Group Inc’s facilities lacked adequate safety and security standards and were less efficient at offering correctional services than the Federal Bureau of Prisons’ (“BOP”) facilities, that the GEO Group Inc’s rehabilitative services for inmates were less effective than those provided by BOP, that consequently, the U.S. Department of Justice (“DOJ”) was unlikely to renew and/or extend its contracts with the GEO Group Inc, and that as a result of the foregoing, the GEO Group Inc’s public statements were materially false and misleading at all relevant times.
On August 18, 2016, the Justice Department announced its plans to end its use of private prisons after officials concluded that such facilities are both less safe and less effective at providing correctional services than those run by the government. The contract prisons are operated by three private corporations, including GEO Group.
Those who purchased The GEO Group Inc (NYSE:GEO) shares should contact the Shareholders Foundation, Inc. by e-mail at [email protected] or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
CONTACT: Shareholders Foundation, Inc. Michael Daniels +1 (858) 779-1554 [email protected] 3111 Camino Del Rio North Suite 423 San Diego, CA 92108
