Published November 1, 2023
On May 8, 2023, following extensive mediation, The GEO Group, Inc. and aggrieved investors reached a settlement of $3 million in the securities fraud lawsuit pending in the District Court for the Southern District of Florida (Hartel v. The GEO Group, Inc. et al., Case No. 9:20-cv-81063). This settlement received preliminary approval by the court on July 10, 2023. To view the order preliminarily approving the settlement, click here.
The securities fraud lawsuit was originally filed by investors in November 2020 to address claims that the company and its CEO made false and/or misleading statements regarding the financial impact of the company’s response to COVID-19 outbreaks, alleged medical and labor deficiencies, and the numerous lawsuits stemming therefrom.
Notice has been mailed to those investors identified as being members of the settlement class. To see the notice of pendency, click here. Shareholders who suffered a loss in their investment in The GEO Group during the relevant time frame now have until NOVEMBER 28, 2023 to submit a proof of claim form to the claims administrator:
Epiq Class Action & Claims Solutions, Inc.
Hartel Securities Settlement
P.O. Box 3729
Portland, OR 97208-3729
Click here to view a copy of the proof of claim form.
For additional information regarding the settlement, visit www.HartelSecuritiesSettlement.com.