An investigation on behalf of current long term investors in The GEO Group, Inc. (NYSE:GEO) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 08/18/2021 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of The GEO Group, Inc..
Investors who are current long term investors in The GEO Group, Inc. (NYSE: GEO) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NYSE: GEO stocks follows a lawsuit filed against The GEO Group, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: GEO stocks, concerns whether certain The GEO Group, Inc. directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 27, 2020, and June 16, 2020, the defendants made false and/or misleading statements and/or failed to disclose that GEO Group maintained woefully ineffective COVID-19 response procedures, that those inadequate procedures subjected residents of the Company's halfway houses to significant health risks, that accordingly, the Company was vulnerable to significant financial and/or reputational harm, and that as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased shares of The GEO Group, Inc. (NYSE: GEO) have certain options and should contact the Shareholders Foundation.
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