The lawsuit captioned Grae v. Corrections Corporation of America, et al., Case No. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. Sections 151 et seq., and other laws of the District of Columbia. Copyright 2023 Surperformance. 3:16-cv-02267 Honorable Aleta A. Trauger PROOF OF CLAIM AND RELEASE I. For more information, visit Battea's Corrections . Ms. Wright was present for the announcement along with other family members of prisoners, advocates and other allies. LEXIS 50444. They also alleged that the agreements violate the Sherman Anti-Trust Act, 15 U.S.C. This action is still ongoing. Check, Esq.D. . No settlement was reached however, and on October 31, 2003, CCR filed a petition for rulemaking with the FCC. The suits allege that the drug is defective and unreasonably dangerous and was not adequately labeled to warn both patients and doctors of its risks. CoreCivic, Inc. Reports Impairment of Real Estate Assets for the Fourth Quarter Ended D.. CoreCivic, Inc. (888) 299-7706 The law firm of Robbins Geller Rudman & Dowd LLP represents you and other Class Members. Please complete this form and list your purchase and sale transaction(s) for Corrections Corporation of America (NYSE: CXW) between February 27, 2012 and August 17, 2016, inclusive (the Class Period): You may also contact Jon Naji, Esq. Filed Date: April 27, 2011 Closed Date: May 23, 2016 Clearinghouse coding complete . At issue were allegedly materially false and misleading statements issued during the class period. 666 Broadway Darren J. If you want to be represented by your own lawyer, you may hire one at your own expense. authorizing us to contact you regarding this case and/or future cases. Kessler Topaz Meltzer & Check, LLPDarren J. The court granted their motion on April 27, 2011 and allowed the . The complaint alleges that CCA and certain of its executive officers made a series of false and misleading statements and/or failed to disclose to investors during the Class Period that: (i) CCA's facilities lacked adequate safety and security standards and were less efficient at offering correctional services than the Federal Bureau of Prisons' ("BOP") facilities; (ii) CCA's rehabilitative services for inmates were less effective than those provided by BOP; (iii) consequently, the U.S. Department of Justice ("DOJ") was unlikely to renew and/or extend its contracts with CCA; and (iv) as a result of the foregoing, CCA's public statements were materially false and misleading at all relevant times. Its alleged that because the company did not reveal these issues to investors, it materially misled them and caused significant financial harm when the stock price dropped sharply. On August 23, 2016, the initial complaint in this securities class action was filed against Corrections Corporation of America (CCA) and certain of CCAs top officials, asserting violations of sections 10(b) and 20(a) of the Securities Exchange Act. The agreement included, among other things, the Settling Parties agreement to settle the Litigation in return for a cash payment of $56,000,000 for the benefit of the Class, subject to the negotiation of the terms of a Stipulation of Settlement and approval by the Court.

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