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In 2021 CoreCivic agreed to pay $56 million to settle a lawsuit from shareholders accusing the company of inflating stock prices. One shareholder, Amalgamated Bank, claims a $1.2 million loss from 2016. The lawsuit also alleges CoreCivic "ran unsafe, low quality prisons that caused multiple deaths and did not save money."
[6] Under Hininger's leadership, the Corrections Corporation of America rebranded as "CoreCivic" and was sued—along with Hininger personally—by shareholders for inflating its stock price by misrepresenting the quality and value of its services following the federal Bureau of Prisons' decision to phase out CoreCivic's contracts due to ...
This page was last edited on 14 December 2018, at 03:27 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
This page was last edited on 14 December 2018, at 03:28 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
CoreCivic, previously called "Corrections Corporation of America", is seeking a license to operate the facility as a General Residential Operation but litigation was brought by Texas RioGrande Legal Aid on behalf of Grassroots Leadership and the detainees themselves to block the licensing by the Texas Department of Family and Protective Services.
California City Correctional Facility (CAC) is a secure facility owned by CoreCivic. It was formerly staffed and operated by the California Department of Corrections and Rehabilitation as a men's level II (low-medium) security prison. The facility was built on speculation, without any customer contract to fill it.
Thomas W. Beasley was born on January 8, 1943, on a farm owned by his family from the late 1790s in Smith County, Tennessee. [1] [2]He was educated at the Smith County High School in Carthage, Tennessee. [1]
As of 2016, Tennessee houses state inmates in four CoreCivic prisons. [2] The state's Private Prison Contracting Act of 1986, however, authorizes a single private prison for state inmates. [3] As of 2016 Tennessee technically contracts directly with CoreCivic only for inmates held at South Central.