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The Latest Breaking News from CoreCivic

Trump’s election win sends private prisons stocks soaring as investors anticipate hard crackdown on migration

President-elect Trump has vowed to launch the biggest deportation in American history—this could translate to big bucks for companies like CoreCivic and Geo Group.

Fortune

Corecivic Settlements Highlight Issues In Tennessee Prisons

CoreCivic's settlements and mistreatment allegations in Tennessee prisons raise concerns about accountability and the need for reform in the private prison...

Top News

Prison operator under federal scrutiny spent millions settling Tennessee mistreatment claims

The leading private prison company in the U.S. has spent more than $4.4 million to settle dozens of complaints alleging mistreatment at its Tennessee prisons and jails since 2016

The Independent UK

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Nashville Attorney Sues Federal Judges Over Gag Order Barring Him From Talking About a Notorious Prison

Daniel Horwitz often represents people illegally silenced by the government. This time he says a court violated his First Amendment rights when it gagged him from publicly speaking about a troubled state prison.

Reason

US Justice Department to investigate violence and sexual abuse at Tennessee's largest prison

The U.S. Department of Justice has launched an investigation into a privately operated Tennessee prison where officials say violence and sexual abuse have gone unaddressed for years

The Independent UK

Migrants detained at the New Mexico Detention Facility denounce inhumane treatment

More than 90% of all individuals detained by ICE are currently being held at detention centers either owned or operated by private companies such as Torrance

Latin Times

Audit finds Tennessee prisons severely understaffed, officers worried about safety

Tennessee prisons are severely understaffed, leading to unsafe conditions for both inmates and guards

The Independent UK

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Mississippi county closes jail pod plagued by fights and escapes, sends 200 inmates 2 hours away

Mississippi’s largest county is no longer using a section of its jail that has been plagued with security problems that include fights and escapes

The Independent UK

What’s Going on With CoreCivic (CXW) and Should You Join the Rally?

Controversial private prison CoreCivic has been on the move recently, warranting a deeper discussion about CXW stock.

Barchart

Asylum seekers are being set up for rejection at a New Mexico detention facility, rights groups say

A coalition of human rights groups says migrants seeking asylum in the U.S. are being set up for rejection at a privately run detention center in New Mexico

The Independent UK

Government's own experts found 'barbaric' and 'negligent' conditions in ICE detention

Inspectors for the Department of Homeland Security found dangerous problems in immigration detention facilities. For years, the government fought NPR's efforts to obtain its often damning reports.

WEKU

California tried and failed to ban for-profit ICE detention centers. What does that mean for other states?

WASHINGTON, D.C. — California's landmark ban on private prisons and immigrant detention facilities saw its fate sealed when a federal court officially repealed the 2020 law.

Los Angeles Times

Months after being freed, Afghan soldier arrested at border is now on a path toward asylum and healing

Wasi and his brother pray for their family’s safety as the holy month of Ramadan ends and the Taliban continues to rule Afghanistan.

The Texas Tribune

Why CoreCivic’s (CXW) Rise in Unusual Options Volume Presents High Risks

While trading activity in the derivatives market for CoreCivic suggests something’s brewing for CXW stock, investors should be cognizant of underlying fundamental risks.

Barchart

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Tribune News Service

ICE detainees allege retaliation after speaking out about medical conditions at California detention center

SAN DIEGO — Weeks after writing an op-ed for the Union-Tribune about his experience in immigration custody, Erik Mercado, a detainee at Otay Mesa Detention Center, was suddenly moved to a different facility in the middle of the night.

Tribune News Service

California moves to shut down a 3rd state prison as inmate population shrinks

California officials on Tuesday announced they will begin the process of closing Chuckwalla Valley State Prison in Riverside County and are planning cutbacks at six more prisons, including a women’s facility in Sacramento County.

Benzinga

Michael Burry Doubles Down On Prison Stocks, Adds This Space Company In 5 New Announced Q3 Positions

Former hedge fund manager and “Big Short” fame investor Michael Burry made headlines earlier this year when he sold all of his positions except one. Burry added five new positions in the third quarter and increased the position in the lone carryover from the second quarter.

Benzinga

A Sinister Reason May Be Behind Governors' Opposition To Cannabis Legalization

As one Republican governor after another rejects President Biden’s suggestion to pardon simple cannabis possession convictions, one wonders what they're thinking.

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The Independent UK

Groups: Retaliation after migrants report detention center

Migrants held by U.S. authorities at a detention center in rural New Mexico say they've endured retaliation rather than aid after reporting unsanitary conditions at the government-contracted jail

The Independent UK

Staffing shortages, violence plague Oklahoma prisons

With one of the highest incarceration rates in the country, Oklahoma has struggled for decades to properly staff its prisons

Tribune News Service

ICE detainees say they were forced into labor in Georgia, file lawsuit

ATLANTA — A lawsuit filed against Georgia’s largest immigrant jail charges the private prison company that runs it broke federal anti-slavery laws by forcing detainees to work against their will.

The Independent UK

Private prison firm to settle lawsuit over inmate death

A private prison company has agreed to settle a federal lawsuit over a Tennessee inmate’s killing

The Independent UK

Inmate kills guard at Oklahoma private prison, officials say

The correction officer died from injuries sustained during an unprovoked attack by an inmate at the Davis Correctional Facility in Holdenville, Oklahoma

The Independent UK

Judge limits lawyer's tweets about prison firm he's suing

A federal magistrate judge has ordered an attorney suing a private prison firm over an inmate’s death to delete certain tweets and restrict his public commentary

StockNews.com

CoreCivic: An Outperforming REIT With More Room to Run

The shares of CoreCivic (CXW) have exhibited solid momentum over the past few months. The company reported robust fundamental performance across its operating segments in its last quarter and expects to see continued growth. Therefore, we think the stock could be a great addition to one's portfolio. Read on.

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