Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Corrections Corporation of America (NYSE: CXW) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Corrections Corporation of America (NYSE: CXW) concerning whether a series of statements by Corrections Corporation of America regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On August 18, 2016, the Justice Department announced that it plans to end its use of private prisons. Following this news, NYSE: CXW dropped over 35% on August 18, 2016.
Based in Nashville, Tennessee, and founded in 1983 Corrections Corporation of America owns and operates privatized correctional and detention facilities.
If you purchased shares of Corrections Corporation of America (NYSE: CXW) on or before August 18, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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