The GEO Group, Inc.
Securities Fraud Class Action Against THE GEO GROUP, INC.
To help shareholders recover losses due to violations of the Securities Exchange Act of 1934 by The GEO Group, Inc. ("GEO") and its CEO, George Zoley, when they made false and/or misleading statements regarding the impact on the company of pending lawsuits against it, Roche Freedman LLP and Levi Korsinsky, LLP are actively litigating Hartel v. The GEO Group, Inc. et al., No. 9:20-cv-81063-RS. The current complaint alleges that Defendants' false and/or misleading statements concealed the truth from the market, causing the company's stock price to trade at artificially inflated levels, and when the truth came out, the stock price crashed - causing shareholders to lose money.
On June 21, 2022, the Honorable Rodney Smith of the United States Court for the Southern District of Florida denied GEO and Zoley's second attempt at dismissing the case. As a result, GEO and Zoley filed an answer to the current complaint on July1, 2022.
On August 19, 2022, Judge Smith issued an order setting a two-week trial beginning August 26, 2024. In addition, the order provided a litigation schedule for the parties to follow.
- Join any additional parties and/or move to amend complaint - Oct. 31, 2022
- Select a mediator and schedule mediation - Nov. 14, 2022
- Move for class certification - January 6, 2022
For More Information:
If you purchased GEO stock between November 7, 2018 and July 17, 2019, and would like us to evaluate your claim and/or for more information about the lawsuit, please submit your information.