Levi & Korsinsky, LLP and Freedman Normand Friedland LLP Announce Notice of Pendency and Settlement Involving Purchasers of GEO Group, Inc. Common Stock

FT. LAUDERDALE, Fla.--(BUSINESS WIRE)--The following Notice of Pendency and Settlement involving purchasers of GEO Group, Inc. Common Stock is being issued by Levi & Korsinsky, LLP and Freedman Normand Friedland LLP:

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF FLORIDA

STEVE HARTEL, individually and on behalf of all others similarly situated,	Case File No. 9:20-cv-81063-RS
Plaintiff,
vs.
THE GEO GROUP, INC., et al.,
Defendants.

TO: ALL PERSONS AND ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED THE GEO GROUP, INC. (“GEO”) COMMON STOCK BETWEEN NOVEMBER 9, 2018 AND AUGUST 5, 2020, INCLUSIVE.¹

YOU ARE HEREBY NOTIFIED, pursuant to Federal Rule of Civil Procedure 23, that a hearing will be held on November 14, 2023, at 10:00 a.m., before the Honorable Rodney Smith, United States District Judge for the Southern District of Florida, in Courtroom 202B at the U.S. Federal Building and Courthouse, 299 East Broward Boulevard, Fort Lauderdale, Florida 33301, for the purpose of determining, among other things, whether the following matters should be approved as fair, reasonable and adequate: (1) the proposed Settlement of claims asserted in the Action for the sum of $3,000,000.00 in cash; (2) thereafter, dismissal with prejudice of the Action as set forth in the Stipulation; (3) the Plan of Allocation; and (4) the application of Lead Counsel for an award of attorneys’ fees and expenses incurred in connection with the Action and any award to the Plaintiffs.

If you purchased or otherwise acquired GEO common stock between November 9, 2018 and August 5, 2020, inclusive (the “Class Period”), your rights may be affected by the Settlement of this Action. If you have not received the detailed Notice of Pendency and Proposed Settlement of Class Action (the “Notice”) and a copy of the Proof of Claim and Release Form (“Proof of Claim”), you may obtain these documents, free of charge, by contacting the Claims Administrator, by mail at: Hartel v. The GEO Group, Inc., et al., Claims Administrator, PO Box 3729, Portland, OR 97208-3729; or online at www.HartelSecuritiesSettlement.com.

If you purchased or otherwise acquired GEO common stock during the Class Period and wish to share in the distribution of the Net Settlement Fund, you must submit a valid Proof of Claim no later than November 28, 2023, establishing that you are entitled to recovery. As further described in the Notice, if you are a Class Member you will be bound by any Judgment entered in the Action, regardless of whether you submit a Proof of Claim, unless you exclude yourself from the Class, in accordance with the procedures set forth in the Notice, no later than October 17, 2023. Any objections to the Settlement, Plan of Allocation or attorneys’ fees and expenses must be filed and served, in accordance with the procedures set forth in the Notice, no later than October 17, 2023.

All inquiries, other than requests for copies of the Notice and Proof of Claim form, may be directed to Lead Counsel:

LEVI & KORSINSKY, LLP
Nicholas I. Porritt, Esq.
Adam M. Apton, Esq.
55 Broadway, 4th Floor
New York, New York 10006
[e-mail]
[e-mail]

FREEDMAN NORMAND FRIEDLAND LLP
Velvel (Devin) Freedman
Ivy T. Ngo
1 SE 3rd Avenue, Suite 1240
Miami, FL 33131
[e-mail]
[e-mail]
[e-mail]

INQUIRIES SHOULD NOT BE DIRECTED TO THE COURT, THE
CLERK’S OFFICE, DEFENDANTS, OR DEFENDANTS’ COUNSEL.

If you have any questions about the proposed Settlement, you may contact Lead Counsel at the addresses listed above.

DATED: August 14, 2023

RODNEY SMITH
UNITED STATES DISTRICT JUDGE

_____________

¹ Unless otherwise noted, capitalized terms used herein shall have the same meanings ascribed to them in the Stipulation of Settlement dated May 1, 2023 (the “Stipulation”).

SOURCE: Levi & Korsinsky, LLP and Freedman Normand Friedland LLP

URL: www.HartelSecuritiesSettlement.com