NEW YORK, Oct. 13, 2016 /PRNewswire/ -- The following statement
is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of Corrections Corporation of America (NYSE:
CXW) between February 27, 2012 and August 17, 2016.
You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the Middle District of
Tennessee. To get more information go to: http://www.zlk.com/pslra/corrections-corporation-of-america or contact Joseph E.
Levi, Esq. either via email at jlevi@zlk.com or by
telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The complaint alleges that the Company made false and/or misleading statements and/or failed to disclose: (a) that Corrections
Corporation's facilities lacked adequate safety and security standards and were less efficient at offering correctional services
than the Federal Bureau of Prisons' ("BOP") facilities; (b) that the Company's rehabilitative services for inmates were less
effective than the BOP's services; (c) that the U.S. Department of Justice ("DOJ") was unlikely to renew and/or extend its
contracts with Corrections Corporation; (d) and that as a result of the above, Corrections Corporation's public statements were
materially false and misleading at all relevant times.
On August 18, 2016, the DOJ announced that it has decided to stop using private prisons, since
they are less safe and less effective than federal government-run prisons.
If you suffered a loss in Corrections Corporation you have until October 24, 2016 to
request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a
lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and
Washington D.C. The firm's attorneys have extensive expertise and experience representing
investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
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SOURCE Levi & Korsinsky, LLP