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 The GEO Group, Inc. (NYSE: GEO). GEO provides government-outsourced services specializing in the management of correctional, detention and re-entry facilities.
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, GEO shares closed down 39.6% on August 18, 2016. Specifically, Johnson & Weaver's investigation seeks to determine whether certain statements, to investors, regarding GEO'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 GEO shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker ([email protected]) 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
SOURCE Johnson & Weaver, LLP