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U.S. Corrections Corporation Stock Suit

Loaded on Nov. 15, 2005 published in Prison Legal News November, 2005, page 41
Filed under: Private Prisons, Corrections Corporation of America/CoreCivic, U.S. Corrections Corp, Contractor Misconduct, Employee Litigation. Location: Kentucky.
U.S. Corrections Corporation Stock Suit Settled for $13.2 Million

The former owners of U.S. Correctional Corporation (USCC) have agreed to settle a lawsuit over misuse of the employee stock-ownership plan for $13.2 million.

Prior to 1998, when it was purchased by Corrections Corporation of America for $225 million, USCC ran …

 

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