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Private Prison Companies Face Stock Crash, Credit Crunch
Loaded on Feb. 1, 2021
by Matthew Clarke
published in Prison Legal News
February, 2021, page 40
Filed under:
Private Prisons,
Corrections Corporation of America/CoreCivic,
GEO Group/Wackenhut.
Location:
United States of America.
by Matt Clarke
Once darlings of Wall Street, CoreCivic and GEO Group — the nation’s two biggest publicly traded private prison companies — have suffered a precipitous drop in stock prices, following a pressure campaign by foes of mass incarceration that has resulted in divestment of their stock by major ...
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More from this issue:
- The Way Prisoners Flag Guard Abuse, Inadequate Health Care and Unsanitary Conditions Is Broken, by Shannon Heffernan
- Collateral Consequences of Mass Incarceration, by Edward Lyon
- New York Parole System Badly in Need of Repair, by Kevin Bliss
- From the Editor, by Paul Wright
- Pandemic Update: News on Vaccines and Prison and Jail Staffing, by Michael D. Cohen, MD
- Urgent Need for Vaccine Administration in Prisons, Jails and Detention Centers, by Maya Chaudhuri, Aaron Littman, Sharon Dolovich
- Almost 300,000 Fell Ill and 2,000 Died from COVID-19 in U.S. Jails, Prisons, by Derek Gilna
- California Loses Round in Legal Fight to Deny Parole Based on Gang Affiliation, by David Reutter
- Was Indiana Women’s Prison Willfully Ignorant About COVID-19 Numbers?, by Matthew Clarke
- How a Private Prison Company’s Defamation Suit Against One of Its Critics Backfired, by Madison Pauley
- After $625,000 Settlement, Oregon Deputy Charged in Assault of Prisoner, by Mark Wilson
- Pinellas County, Florida Sheriff’s Office Sued in Federal Court for Treatment of Transgender Prisoner, by Derek Gilna
- Federal Judge Slaps ICE, GEO Group Over “Abominable Performance” and Officials Who Lied During Testimony, by David Reutter
- No Summary Judgment on Oregon Prisoner’s Retaliatory Termination Claim, by Mark Wilson
- Minnesota State and Federal Prisoners COVID Case Surge Sparks ACLU Lawsuit, by Derek Gilna
- Missouri Prisoner Pleaded for Release Before Dying of COVID-19, by Daniel A. Rosen
- Ninth Circuit Finds California Prisoner’s Administrative Remedies Effectively Unavailable, by Mark Wilson
- Fourth Circuit Holds Prisoner’s Indefinite Period of Solitary Confinement at Virginia Supermax May Amount to Atypical and Significant Hardship, by Matthew Clarke
- Federal Educational Aid Restored for State and Federal Prisoners, by Dale Chappell
- Progress Made in Fight Against Prison Gerrymandering But Battle Continues, by Douglas Ankney
- COVID-19: What Texas Must Do to Save Prisoners’ Lives, by Edward Lyon
- Ninth Circuit Reverses Lower Court’s Dismissal of California Prisoner’s Religious Freedom Lawsuit, by Mark Wilson
- Minnesota Prison Guard Fired for Excessive Force After Brawl Linked to Floyd Protests, by Anthony Accurso
- New Details Emerge on Senseless Death in a Milwaukee, Wisconsin Jail, by Jayson Hawkins
- $1.1 Million Settlement in Kentucky Jail Sex Abuse Suit, by David Reutter
- Justice Department Report Documents Brooklyn Metropolitan Detention Center’s Poor Response to COVID-19 Crisis, by Kevin Bliss
- Global Tel*Link Hit with Sanctions For Discovery Violations in Georgia Prison Call Class Action, by Derek Gilna
- Federal Judge in Georgia Grants Class Action Status to Prisoners’ Suit Against Global Tel*Link
- Fourth Circuit: ADA Relief Claims Improperly Dismissed in Virginia, by Mark Wilson
- Private Prison Companies Face Stock Crash, Credit Crunch, by Matthew Clarke
- Former BOP Director Norman Carlson, Who Developed Supermax Model, Dies at 86, by Kevin Bliss
- Arizona Pays Prisoners Pennies on the Dollar to Fight Fires, All in the Name of Saving Money, by Dale Chappell
- Mellon Foundation to Provide $5.25 Million in Program to Distribute Books to Prisoners, by Douglas Ankney
- Experts Find “Deplorable” Conditions at Mississippi’s Parchman Prison, by David Reutter
- ICE Refused Help in Containing Coronavirus in New Mexico Detention Centers, by Kevin Bliss
- Troubled Ohio Jail Faces Two More Lawsuits, by Matthew Clarke
- Pennsylvania Correctional Emergency Response Teams Face New Scrutiny in “Noose” Controversy, by Derek Gilna
- New Mexico Corrections Pays $1.4 Million to Settle Whistleblower Complaint Alleging Retaliation for Exposing Deficiencies in Corizon Medical Care, by Douglas Ankney
- Child Sexual Abuse: It’s Never Too Late to Speak Out, by Darrell Cochran
- No-Show Prison Workers Cost Mississippi Taxpayers Millions, by Alysia Santo, Joseph Neff
- Ninth Circuit Holds Intermediate Scrutiny Applies in Challenges to Facially Discriminatory Prison Regulations, by Matthew Clarke
- Overtime Payouts in California Prison System Approach $500 Million, by Daniel A. Rosen
- Florida State Prisons Scrub Key COVID Data From Website, Obscuring Magnitude of Inmate Deaths and Infections, by Laura Cassels
- Idaho Supreme Court Holds Prisoners Have No Right to Paid or Unpaid Employment, by Matthew Clarke
- Legislative Exemption Let Fired Alaska Cop Be Rehired as Jailer, by Edward Lyon
- Prisoners Paid $2 Per Hour to Move COVID-19 Corpses in El Paso, Texas, by Matthew Clarke
- NY Federal Court Denies Summary Judgment on Claims of Improper Medication Seizure, Evidence Fabrication, Improper Frisk During Prison Visit, by Matthew Clarke
- Minnesota Man Out of Prison After Being Exonerated of Murder, by Edward Lyon
- $4.65 Million Settlement for Florida Female Prisoner Left Quadriplegic After Brutal Beating by Guards, by David Reutter
- Federal Court Again Orders California DOC to Remedy Continuing ADA Violations, by Derek Gilna
- Decline in South Dakota State Prisoners Not Due to COVID, by Edward Lyon
- DOJ Report: Carceral Population Falls, 2017-2018, by Matthew Clarke
- COVID-19: The Politics of Prisoner Vaccination, by Kevin Bliss
- Sixth Circuit Affirms Tennessee DOC’s Hepatitis C Treatment Due to Lack of Funds, by David Reutter
- News in Brief
More from Matthew Clarke:
- U.S. Sentencing Commission Publishes Data Report on Compassionate Release in FY 2023, Oct. 1, 2024
- Fourth Circuit Vacates Order Denying § 2254 Motion, Remands for Evidentiary Hearing on Whether Counsel’s Failure to Object to Duplicative Drug Conspiracy Counts in Violation of Double Jeopardy Clause Was Strategic, Oct. 1, 2024
- Rhode Island Supreme Court Holds Temporal Requirement of ‘Recent Fabrication’ Exception to Hearsay Rule Not Satisfied and Scribbled Note Made by Child Victim of Sexual Abuse Years After Alleged Events Not ‘Excited Utterance’, Oct. 1, 2024
- Virginia Governor’s Veto Exposes Prisoners Who Took Plea Bargains to Civil Rights Violations, Sept. 15, 2024
- Law Review Article Reports Metadata on Victims of Coercive Plea Bargaining, Sept. 1, 2024
- California Court of Appeal Announces Correct Legal Standard for Whether Dismissal of Sentence Enhancement Would ‘Endanger Public Safety’ Under § 1385(c)(2) Is Dangerousness at Time of Future Release, Not at Time of Resentencing Under SB 1393, Sept. 1, 2024
- New Mexico Supreme Court Holds Double Jeopardy Applies When Prosecutor’s Misconduct Willfully Disregarded Resulting Mistrial, Sept. 1, 2024
- After Spike in Jail Deaths, Riverside County Sheriff’s Department Under California Department of Justice Investigation, Aug. 15, 2024
- $7.5 Million Settlement in Suit Over California Jail Death, Aug. 15, 2024
- Oregon Transgender Prisoner Claims Abusive Violation of Injunction, but Court Declines Sanctions, Aug. 15, 2024
More from these topics:
- CoreCivic’s Successful Campaign for Mass Incarceration Continues in Tennessee, Sept. 15, 2024. Corrections Corporation of America/CoreCivic, Cost of Prison Systems, Effects of Mass Incarceration.
- Virginia Takes Back One Prison from GEO Group, Closes Four More, Aug. 15, 2024. Private Prisons, GEO Group/Wackenhut.
- Tennessee DOC Rewards CoreCivic with Pay Increase Despite Critical Watchdog Audit, Aug. 15, 2024. Corrections Corporation of America/CoreCivic, Corrections Audits, Cost of Prison Systems.
- Riot at California GEO Group Lockup Sends Message to U.S. Marshals, Aug. 15, 2024. GEO Group/Wackenhut, Protests.
- CoreCivic Sued by Former Detainee Stabbed at Shuttered Kansas Jail, July 1, 2024. Corrections Corporation of America/CoreCivic, Totality of Conditions, Failure to Protect (General), State Law Claims.
- Tennessee DOC Faulted for High Staff Vacancy and Turnover, Inadequate Programs, PREA Violations, July 1, 2024. Corrections Corporation of America/CoreCivic, Corrections Audits, Staffing.
- After Takeover from CoreCivic, Oklahoma Prison Even More Short-Staffed, June 1, 2024. Corrections Corporation of America/CoreCivic, Staffing.
- Harris County Shipping Detainees from Overcrowded Jail to Mississippi CoreCivic Prison, June 1, 2024. Corrections Corporation of America/CoreCivic, Overcrowding.
- Private Prison Transport Guards Sentenced to Prison for Raping Detainees, June 1, 2024. Staff-Prisoner Assault, Private Prisons, Contractor Misconduct, Transportation.
- Migrants at New Mexico CoreCivic ICE Detention Center Forced to Clean Up Sewage with Bare Hands, May 1, 2024. Corrections Corporation of America/CoreCivic, Sewage, Detention - Generally, Immigration Detention.