LOS ANGELES, CA / ACCESSWIRE / August 25, 2020 /The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class-action lawsuit against The GEO Group, Inc. ("GEO" or "the Company") (NYSE:GEO) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between February 27, 2020 and June 16, 2020, inclusive (the ''Class Period''), are encouraged to contact the firm before September 8, 2020.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. GEO's COVID-19 response procedures were ineffective. The Company's failure to maintain appropriate response procedures placed the residents of its halfway houses at risk. Placing its residents at significant health risk, in turn, made the Company vulnerable to financial and reputational harm. Based on this news, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about GEO, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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SOURCE: The Schall Law Firm