8-18-16
Game On! Although I’m watching the Bears and Patriots pre game, that is not exactly what is on my mind. I got hit pretty damn hard today by the Justice Department’s announcement of plans to phase out the use of privately-run prison facilities. Namely, I was holding $GEO. Having purchased some shares of $GEO back on 8-2-2016, I’m guessing things were already in the works for this decision by the Justice Department. I am sharing this information for those who may be able to benefit from it.
This statement was released 8-18-16:
EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against The GEO Group, Inc. – GEO
1 hour 12 minutes ago – DJNF
NEW YORK–(BUSINESS WIRE)–August 18, 2016–
Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of The GEO Group, Inc. (NYSE:GEO) resulting from allegations that GEO Group may have issued materially misleading business information to the investing public.
On August 18, 2016, the Justice Department announced its plans to end its use of private prisons after officials concluded that such facilities are both less safe and less effective at providing correctional services than those run by the government. The contract prisons are operated by three private corporations, including GEO Group. On this news, shares of GEO Group fell $12.78 per share or over 39% to close at $19.51 per share on August 18, 2016.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by GEO Group investors. If you purchased shares of GEO Group on or before August 17, 2016, please visit the firm’s website at http://www.rosenlegal.com/cases-942.html for more information or to join the proposed class action. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at [email protected] or [email protected].
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Follow us on Twitter: @rosen_firm
Attorney Advertising. Prior results do not guarantee a similar outcome.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160818006328/en/
CONTACT: The Rosen Law Firm, P.A. Laurence Rosen, Esq. , Phillip Kim, Esq. , Kevin Chan, Esq,.
275 Madison Avenue, 34(th) Floor, New York, NY 10016, Tel: (212) 686-1060, Toll Free: (866) 767-3653, Fax: (212) 202-3827, [email protected], [email protected], [email protected], www.rosenlegal.com, www.linkedin.com/company/the-rosen-law-firm. SOURCE: Rosen Law Firm
Copyright Business Wire 2016
(END) Dow Jones Newswires
August 18, 2016 19:01 ET (23:01 GMT)
P.S. Go Bears!
If you enjoy the content at iBankCoin, please follow us on Twitter
The double edged sword of stocks who’s revenue stream is government based. It can be plentiful, and it can be gone.