Notice of Investigation of CoreCivics, Inc. (CXW) Board – Shareholders Encouraged to Contact Us
Albuquerque, New Mexico, Jan. 8, 2017 — The Law Offices of Nicholas Koluncich III, LLC is continuing its investigation and analysis of private prison company CoreCivic, Inc. CXW (formerly “Corrections Corporation of America”).
CoverCivics already announced that the Department of Justice was discontinuing the use of its private prisons, citing concerns relating to the services provided. (See its Form 10Q, filed with the Securities and Exchange Commission on November 11, 2017). The August 18, 2016 publication of the DOJ memorandum ending the private prison contracts caused a precipitous stock slide of over $6.00 per share. A lawsuit was filed in the United States District Court for the Middle District of Tennessee, captioned Grae v. Corrections Corporation of America et al., Case No. 3:16-cv-02267, alleging that the company’s financial statements were false and misleading as to the quality of its services, regulatory compliance, and the status of its governmental contracts. A Motion to Dismiss (a sort of “mini-trial” to assess the adequacy of the pleadings) was denied by the Court and the case is proceeding.
If you hold CoreCivics (CXW) shares and would like to discuss participating in a case or recovery, please contact us immediately at:
If you own CXW shares or have any questions concerning your rights and interests with regard to this matter, please contact the Law Offices of Nicholas Koluncich III, LLC. Doing so will enhance the probability that your voice will be heard. Individuals having information about this company or its directors and officers are also asked to contact The Law Offices of Nicholas Koluncich III, LLC. Current stockholders are particularly encouraged to contact us.
If you own CXW stock, have information about this company, or would like a candid explanation of your rights, please contact:
Law Offices of Nicholas Koluncich III, LLC
500 Marquette Avenue NW – Suite 1200
Albuquerque, NM 87102
FAX (505) 881-4288
There is never any charge for an initial consultation and this consultation will be treated as attorney client privileged. Initial no obligation consultation is confidential and free.