San Diego, CA -- (SBWIRE) -- 10/18/2016 -- A deadline is coming up on October 24, 2016 in the lawsuit filed for investors of Corrections Corp of America over alleged securities laws violations by Corrections Corp Of America.
Investors who purchased shares of Corrections Corp Of America (NYSE:CXW) have certain options and there are strict and short deadlines running. Deadline: October 24, 2016. NYSE:CXW stockholders should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
According to the complaint filed in the U.S. District Court for the Middle District of Tennessee the plaintiff alleges on behalf of purchasers of Corrections Corp Of America (NYSE:CXW) that Corrections Corp Of America made false and/or misleading statements and/or failed to disclose, that Corrections Corp Of America'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 Corrections Corp Of America'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 Corrections Corp Of America, and that as a result of the above, Corrections Corp Of America's public statements were materially false and misleading at all relevant times.
On October 17, 2016, NYSE:CXW shares closed at $per share.
Those who purchased shares of Corrections Corp Of America have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego