Investors can contact the law firm at no cost to learn more about recovering their losses

LOS ANGELES, July 19, 2022 (GLOBE NEWSWIRE) — The Portnoy Law Firm advises The GEO Group, Inc. (“GEO” or “the Company”) GEO investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. GEO Group investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq.

Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.

The Company has been the subject of several lawsuits arising from alleged substandard conditions, inadequate medical care and overcrowding at some of its prison facilities; however, in numerous instances it downplayed to investors the expense and financial risks posed by the litigation. In July 2019, news reports revealed correspondence sent by the Company to the U.S. Immigration and Customs Enforcement (“ICE”) requesting its help to cover the expense of the litigation, which it was “deeply alarmed at the rapidly increasing costs in defending…without reimbursement from ICE” and which was “likely to cost $15-20 million with an expense of tens of millions in the event of a final negative ruling by the courts,” because the Company “cannot bear the costs of this defense on its own.”

Thereafter, the Company and certain of its executives were sued in a securities class action lawsuit charging them with failing to disclose material information during the Class Period in violation of federal securities laws, which remains ongoing.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar

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