Securities Claims Against Private Prison Operator, Others Trimmed

Mealey's (October 7, 2021, 9:02 AM EDT) -- FORT LAUDERDALE, Fla. — A federal judge in Florida on Sept. 23 substantially granted a motion to dismiss filed by an operation of for-profit prisons and halfway houses and others in a securities class action, ruling that lead plaintiffs have failed to sufficiently plead an actionable misstatement or omission and scienter regarding a number of the lead plaintiffs’ claims stemming from the defendants’ alleged misrepresentation of the company’s business and financial condition....