LEAD PLAINTIFF DEADLINE IS SEPTEMBER 8, 2020
NEW YORK, July 14, 2020 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal securities class action lawsuit has been filed in the United States District Court for the Southern District of Florida on behalf of all investors who purchased or otherwise acquired common stock of The Geo Group, Inc. (“GEO Group” or the “Company”) (NYSE: GEO) securities between February 27, 2020 and June 16, 2020, inclusive (the “Class Period”).
All investors who purchased shares of The Geo Group, Inc. and incurred losses are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join the case on our website, www.whafh.com.
If you have incurred losses in the shares of The Geo Group, Inc., you may, no later than September 8, 2020, request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in the shares of The Geo Group, Inc.
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 GEOGroup—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.
Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com.
Contact:
Wolf Haldenstein Adler Freeman & Herz LLP
Kevin Cooper, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com, kcooper@whafh.com or classmember@whafh.com
Tel: (800) 575-0735 or (212) 545-4774
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