SAN DIEGO, Aug. 19, 2016 /PRNewswire/ -- Shareholder Rights Law Firm Johnson & Weaver, LLP today announced that it is investigating possible violations of federal securities laws by Corrections Corporation of America (NYSE: CXW). Corrections Corporation owns and operates privatized correctional and detention facilities in the United States.
On August 18, 2016, it was revealed that the U.S. Department of Justice plans to end its use of private prisons. On this unfavorable news, Corrections Corporation shares closed down 35.45% on August 18, 2016.
Specifically, Johnson & Weaver's investigation seeks to determine whether certain statements, to investors, regarding Corrections Corporation's business, operations and prospects were false and misleading when made.
If you have information that could assist in this investigation, or if you are a Corrections Corporation shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (firstname.lastname@example.org) by email or by phone at 619-814-4471. If emailing, please include a phone number where you can be reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
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SOURCE Johnson & Weaver, LLP