NEW YORK, Oct. 13, 2016 /PRNewswire/ -- The following
statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise
acquired securities of Corrections Corporation of America
(NYSE: CXW) between February 27,
2012 and August 17, 2016.
You are hereby notified that a securities class action
lawsuit has been commenced in the USDC for the Middle District of
Tennessee. To get more information
go to:
http://www.zlk.com/pslra/corrections-corporation-of-america or
contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972. There is no cost or obligation to
you.
The complaint alleges that the Company made false and/or
misleading statements and/or failed to disclose: (a) that
Corrections Corporation's facilities lacked adequate safety and
security standards and were less efficient at offering correctional
services than the Federal Bureau of Prisons' ("BOP") facilities;
(b) that the Company's rehabilitative services for inmates were
less effective than the BOP's services; (c) that the U.S.
Department of Justice ("DOJ") was unlikely to renew and/or extend
its contracts with Corrections Corporation; (d) and that as a
result of the above, Corrections Corporation's public statements
were materially false and misleading at all relevant times.
On August 18, 2016, the DOJ
announced that it has decided to stop using private prisons, since
they are less safe and less effective than federal government-run
prisons.
If you suffered a loss in Corrections Corporation you have
until October 24, 2016 to request
that the Court appoint you as lead plaintiff. Your ability to share
in any recovery doesn't require that you serve as a lead
plaintiff.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, California, Connecticut, and Washington D.C. The firm's attorneys have
extensive expertise and experience representing investors in
securities litigation, and have recovered hundreds of millions of
dollars for aggrieved shareholders. Attorney advertising. Prior
results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street - 24th Floor
New York, NY
10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
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SOURCE Levi & Korsinsky, LLP