NEW YORK, Feb. 12, 2014 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Corrections Corporation of America ("CCA" or the "Company") (NYSE: CXW), concerning whether the board has breached its fiduciary duties to shareholders.
On February 4, 2014, it was reported that the Company had agreed to pay Idaho $1 million for understaffing the state's largest prison in violation of its contract. Last year, a U.S. District Court held CCA in contempt of court for understaffing the prison in violation of a settlement reached three years ago with Idaho inmates.
Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.
If you own CCA shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Matthew M. Houston, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP