November 18, 2020 - An amended consolidated complaint was filed.

July 7, 2020 - An investor in shares of The GEO Group, Inc. (NYSE: GEO) filed a lawsuit in the U.S. District Court for the Southern District of Florida over alleged violations of Federal Securities Laws by The GEO Group, Inc. in connection with certain allegedly false and misleading statements made between February 27, 2020, and June 16, 2020.

Boca Raton, FL based The GEO Group, Inc. (NYSE: GEO) is the first fully integrated equity real estate investment trust ( REIT ) specializing in the design, financing, development, and operation of correctional, detention, and community reentry facilities around the globe.

The GEO Group, Inc. reported that its annual Total Revenue rose from over $2.33 billion in 2018 to over $2.47 billion in 2019 and that its Net Income increased from $145.08 million in 2018 to $166.6 million in 2019.

On June 17, 2020, during pre-market hours, The Intercept published an article entitled GEO Group's Blundering Response to the Pandemic Helped Spread Coronavirus in Halfway Houses. The article reported details of a significant COVID-19 outbreak at the Grossman Center, a halfway house in Leavenworth, Kansas, operated by GEO Group—which was for weeks the hardest hit federal halfway house in the country in terms of confirmed cases of COVID-19. Citing interviews with residents of the Grossman Center, The Intercept characterized GEO Group's response as blundering and reported, that the virus spread not in spite of the facility's efforts to contain it, but because of it. According to the article, the Grossman Center continued to keep its residents in overcrowded conditions without enforcing personal protective measures even as COVID-19 diagnoses at the facility increased.

Shares of The GEO Group, Inc. (NYSE: GEO) declined from $18.42 per share on early February 12, 2020 to as low as $10.95 per share on June 26, 2020.
According to the complaint the plaintiff alleges on behalf of purchasers of The GEO Group, Inc. (NYSE: GEO) common shares between February 27, 2020, and June 16, 2020, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 27, 2020, and June 16, 2020, the defendants made false and/or misleading statements and/or failed to disclose that GEO Group maintained woefully ineffective COVID-19 response procedures, that those inadequate procedures subjected residents of the Company's halfway houses to significant health risks, that accordingly, the Company was vulnerable to significant financial and/or reputational harm, and that as a result, the Company's public statements were materially false and misleading at all relevant times.