Blog text (including these four fields)
Case Name: Corrections Corporation of America, nka CoreCivic
Settlement Fund: $56,000,000
Claim Filing Deadline: November 19, 2021
Class Period: 2/27/2012 -- 08/17/2016
TICKERS: CXW, CXC
Private prison company CoreCivic, formerly known as the Corrections Corporation of America (CCA), has settled a shareholder action for $56 million. Claim forms are due November 19, and Chicago Clearing Corporation (CCC) is already preparing claims for institutional investors.
The class action complaint, first filed in August of 2016, followed the announcement by the Department of Justice that the government would end its use of private prisons, including those operated by CCA. Deputy Attorney General Sally Yates stated that “time has shown that [private prisons] compare poorly to our own Bureau facilities. They simply do not provide the same level of correctional services, programs, and resources; they do not save substantially on costs; and as noted in a recent report by the Department’s Office of Inspector General, they do not maintain the same level of safety and security.” After this announcement, the price of CCA common stock dropped 39.45% in a single day.
(For full historical context, the Trump administration soon revoked this Obama administration initiative. The Biden admin has revived it, and the Great Wheel continues to spin: for now clockwise, tomorrow counterclockwise; on and on and back and forth it goes…)
CCC has been tracking this litigation since it was first filed on August 23, 2016. It is one of thousands of complaints we have tracked in the past 15 years, and one of over 130 settlements with claim filing deadlines due in this year alone. Chicago Clearing Corporation has either filed or will file claims in every one of these cases. We have participated in nearly every class action securities suit since 2006.
With the team at CCC on your side, you not only keep up with the flow, but you have the piece of mind knowing that we have filed millions of claims in well over 1000 settlements. We have the expertise, the diligence, the vast experience to steward any and every claim from the date a settlement is announced through the final distribution. Give us a call today, and we’ll get started.
In the final days of summer 2021, Twitter announced it had settled a securities suit first launched in 2016. Typically when parties announce the resolution of a securities class action, the settlement materials are posted to the court docket promptly, often within a month. Shortly after that the judge signs a preliminary approval order, ... Read More
Case Name: Amazon.com
Court: Western District of Washington
Case No: 22-CV-00617, 2:22-CV-907
Complaint 1. Anticompetitive Practices
“I could go on and on, but bottom line, the fees being charged are much less than what I was spending in house to file and this is just one less thing I have to spend time trying to figure out how to complete on a consistent basis. Dealing with the CCC staff has been a very positive thing.”
“We were spending countless hours on class action claims before we signed on with CCC in January. Matt Murray and their technical team ensured our data transmission was seamless and secure. We found everyone at CCC to be professional, courteous, and accommodating.”
“Signing with CCC has made a huge difference. Before, it was horrible. We had to print thousands of pieces of paper, invite clients to come in and sit down with us to show them where to find the transactions, how to input them into the Proof of Claim forms. Now it's simple. It’s very nice to be able to tell our client, “You can shred that Proof of Claim form because CCC has it taken care of.”
Registered Investment Advisor
“Your client reporting portal and customer service is the reason we chose Chicago Clearing. I send the data on an annual basis to CCC and they take it from there. My clients are protected (if there is a class action, it is getting filed), the Bank is protected (we are meeting our fiduciary obligation by filing the claims)."