Lawsuit alleges 'forced labor' in immigrant detention [CNN]
CoreCivic, Inc. (CXW)
Last corecivic, inc. earnings: 2/12 04:15 pm
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Source: CNN
Lawsuit alleges 'forced labor' in immigrant detention (CNN) A new class-action lawsuit alleges the private company behind one of the nation's largest immigrant detention centers makes millions in profits while forcing detainees to work for meager wages. Detainees at the Stewart Detention Center in south Georgia generally make between $1 and $4 a day for tasks such as preparing food, mopping floors and doing laundry, according to the lawsuit , which describes the practice as a "deprivation scheme" and alleges it's a violation of human trafficking laws. Detainees who work double shifts can earn up to $8 a day. Part of the scheme, according to the lawsuit: Depriving detainees of basic necessities like food, toothpaste, soap and toilet paper, so they have to work to pay for those items from the detention center's commissary. A spokesman for CoreCivic, which owns and operates the facility, said the company doesn't comment on pending litigation. But spokesman Jonathan Burns said work progr
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CXW
News
- CoreCivic, Inc. (NYSE: CXW) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- CoreCivic Announces 2024 First Quarter Earnings Release and Conference Call DatesGlobeNewswire
- CoreCivic, Inc. (NYSE: CXW) had its price target raised by analysts at Wedbush from $18.00 to $19.00. They now have an "outperform" rating on the stock.MarketBeat
- CoreCivic, Inc. (NYSE:CXW) is a favorite amongst institutional investors who own 87% [Yahoo! Finance]Yahoo! Finance
- Private Prison Operator GEO Sells $1.28 Billion of Bonds [BNN Bloomberg (Canada)]BNN Bloomberg
CXW
Earnings
- 2/7/24 - Beat
CXW
Sec Filings
- 3/28/24 - Form ARS
- 3/28/24 - Form DEFA14A
- 3/28/24 - Form DEF
- CXW's page on the SEC website