NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of The GEO Group, Inc. (NYSE:GEO) resulting from allegations that GEO Group may have issued materially misleading business information to the investing public.
On August 18, 2016, the Justice Department announced its plans to end its use of private prisons after officials concluded that such facilities are both less safe and less effective at providing correctional services than those run by the government. The contract prisons are operated by three private corporations, including GEO Group. On this news, shares of GEO Group fell $12.78 per share or over 39% to close at $19.51 per share on August 18, 2016.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by GEO Group investors. If you purchased shares of GEO Group on or before August 17, 2016, please visit the firm’s website at http://www.rosenlegal.com/cases-942.html for more information or to join the proposed class action. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Follow us on Twitter: @rosen_firm
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