IRVINE, CA / ACCESSWIRE / October 19, 2016 / Khang & Khang LLP (the "Firm") announces a class action lawsuit against The GEO Group, Inc. ("GEO" or the "Company") (GEO). Investors who purchased or otherwise acquired shares between March 1, 2012 and August 17, 2016 inclusive (the "Class Period"), are encouraged to contact the Firm in advance of the October 24, 2016 lead plaintiff motion deadline.
If you purchased GEO shares during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at email@example.com.
There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
According to the complaint, GEO made false and/or misleading statements and/or failed to disclose: that 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; that the Company's rehabilitative services for inmates were less effective than the BOP's services; that the U.S. Department of Justice ("DOJ") was unlikely to renew and/or extend its contracts with GEO; and that as a result of the above, GEO's public statements were materially false and misleading at all relevant times. On August 18, 2016, Deputy Attorney General Sally Yates announced that the DOJ decided to stop using private prisons, since they are less safe and less effective than federal government-run prisons. When this news became public, the stock price of GEO lowered.
If you wish to learn more about this lawsuit, or if you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or via e-mail at firstname.lastname@example.org.
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Joon M. Khang, Esq.
SOURCE: Khang & Khang LLP