Step 1

Draft

Step 2

Unite with Fellow Investors

Step 3

Choose the Best Attorney

Step 4

Provide Documents

Step 5

Follow Case Progress

Step 6

Get Payout

GEO.US

id: 722

GEO Group (GEO) $3M Investor Settlement

The settlement funds have been distributed to claimants.

$3,000,000

Cash Settlement

S.D. Florida

Court

9:20-cv-81063

Case number

11/09/2018

Class period Start

08/05/2020

Class period End

11/28/2023

Claim deadline

GEO Group (GEO) settles $3M with shareholders to avoid further litigation. 

The original complaint alleges that the Company and its Leaders made materially false and misleading statements regarding the Company’s business, operations, and compliance policies, specifically: 
 GEO Group maintained woefully ineffective COVID-19 response procedures; 
those inadequate procedures subjected residents of the Company’s halfway houses to significant health risks; 
the Company was vulnerable to significant financial and/or reputational harm; and 
as a result, the Company’s public statements were materially false and misleading at all relevant times.

Case Type

US Securities Class Action

Case Status

Disbursed

Alleged Offence

Other

Suspected Party

Other

Security Type

Stocks

Trade Direction

Long

Payout per Share

0.055

Filing date

07/07/2020

Plaintiffs

James Michael DeLoach, Edward Oketola

Attorneys

Levi & Korsinsky LLP, Freedman Nonnand Friedland LLP, Cullin O'Brien Law, P.A., The Schall Law Firm

Defendants

George C. Zoley

Judge

Hon. Rodney Smith

Administrator

EPIQ

Court hearing date

11/14/2023

Exclusion deadline

10/17/2023

Objection deadline

10/17/2023

Hearing deadline

10/17/2023

Trades matching type

FIFO

Disbursement date

12/06/2024

Trusted by industry leaders

Endorsed by top professionals who trust our innovative solutions to drive impactful results.