INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of The Geo Group, Inc. (GEO) Investors

BENSALEM, Pa.--()--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased The Geo Group, Inc. (“GEO Group” or the “Company”) (NYSE: GEO) securities between February 27, 2020 and June 16, 2020, inclusive (the “Class Period”). GEO Group investors have until September 8, 2020 to file a lead plaintiff motion.

Investors suffering losses on their GEO Group investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

On June 17, 2020, The Intercept published an article entitled "GEO Group’s Blundering Response to the Pandemic Helped Spread Coronavirus in Halfway Houses." The article described details of a significant COVID-19 outbreak at the Grossman Center, a halfway house in Leavenworth, Kansas, operated by GEO Group—which "was for weeks the hardest hit federal halfway house in the country" in terms of confirmed cases of COVID-19. Citing interviews with residents of the Grossman Center, The Intercept characterized GEO Group’s response as "blundering" and reported "that the virus spread not in spite of the facility’s efforts to contain it, but because of it." According to the article, the Grossman Center continued to keep its residents in overcrowded conditions without implementing personal protective measures even as COVID-19 diagnoses at the facility increased.

On this news, the Company’s share price fell $1.03 per share, or 7%, to close at $12.17 per share on June 17, 2020, thereby injuring investors.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that GEO Group maintained woefully ineffective COVID-19 response procedures; (2) that those inadequate procedures subjected residents of the Company’s halfway houses to significant health risks; (3) that accordingly, the Company was vulnerable to significant financial and/or reputational harm; and (4) as a result, the Company’s public statements were materially false and misleading at all relevant times.

If you purchased GEO Group securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

Release Summary

INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of The Geo Group, Inc. (GEO) Investors

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Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com