Credit: txking/Shutterstock.com Prison Real Estate Company Accused of Misleading Investors Over Litigation Alleging Immigrant Detainees Paid $1 a Day
This lawsuit was surfaced on Law.com Radar. Read the complaint here.
August 25, 2022 at 03:20 PM
1 minute read
The GEO Group, a real estate investment trust that invests in private prisons and mental health facilities, and its top officials were hit with a derivative shareholder lawsuit Wednesday in Florida Southern District Court. The lawsuit, filed by Glancy Prongay & Murray and other counsel, claims that the defendants misled investors regarding the impact of pending litigation arising from allegations that GEO profits from forced labor by paying immigrant detainees $1 for a day's work. Counsel have not yet appeared for the defendants. The case is 9:22-cv-81310, Maldonado Jr v. Zoley et al.
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