U.S. to phase out federal use of private prisons
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GEO Group (GEO) Comments on DOJ Decision; Disappointed with Action, Says Impact Not Imminent
August 18, 2016 4:59 PM EDTThe GEO Group, Inc. (NYSE: GEO) commented on the Department of Justice (DOJ) announcement regarding contracted prisons for the Federal Bureau of Prison (the BOP). GEO has had a long standing private-public partnership with the BOP that dates back to the 1990s. At the federal level, GEOs facilities have a proven track record of providing cost-effective, high quality services for those entrusted to GEOs care.
While... More
Corrections Corp. (CXW) Comments on DOJ Action; Says Findings Don't Match with Independent Studies
August 18, 2016 4:27 PM EDTCorrections Corp. (NYSE: CXW) sent out the following commentary today to StreetInsider.com with respect to the Deparment of Justice's move to phase-out the use of private prisons:
We value our partners, and we will continue to work with them, both through the types of management solutions weve provided for more than three decades, as well as... More
