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CoreCivic: Difference between revisions
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The stockholders are mostly corporate entities and it is classified as a real estate investment trust, or REIT.<ref name=":0"/> Research published in ''[[Social Justice (journal)|Social Justice]]'' by scholars at [[Rutgers University]] showed that in 2007, the company had "114 institutional stockholders that together amount[ed] to 28,736,071 shares of stock."<ref name=privatecorrections59>{{cite journal|last1=Welch|first1=Michael|last2=Turner|first2=Fatiniyah|title=Private Corrections, Financial Infrastructure, and Transportation: The New Geo-Economy of Shipping Prisoners|journal=Social Justice|date=2007|volume=34|issue=3|page=59|jstor=29768464}}</ref> The scholars added, "The largest number of shares of CCA stock is held by [[RS Investments]] (3,296,500), [[Wesley Capital Management|WesleyCapital MGMT]] (2,486,866) and [[Capital Group Companies|Capital Research and MGMT]] (2,057,600)."<ref name=privatecorrections59/> | The stockholders are mostly corporate entities and it is classified as a real estate investment trust, or REIT.<ref name=":0"/> Research published in ''[[Social Justice (journal)|Social Justice]]'' by scholars at [[Rutgers University]] showed that in 2007, the company had "114 institutional stockholders that together amount[ed] to 28,736,071 shares of stock."<ref name=privatecorrections59>{{cite journal|last1=Welch|first1=Michael|last2=Turner|first2=Fatiniyah|title=Private Corrections, Financial Infrastructure, and Transportation: The New Geo-Economy of Shipping Prisoners|journal=Social Justice|date=2007|volume=34|issue=3|page=59|jstor=29768464}}</ref> The scholars added, "The largest number of shares of CCA stock is held by [[RS Investments]] (3,296,500), [[Wesley Capital Management|WesleyCapital MGMT]] (2,486,866) and [[Capital Group Companies|Capital Research and MGMT]] (2,057,600)."<ref name=privatecorrections59/> | ||
In 2010, the [[ACLU]] filed a lawsuit on behalf of inmates at the [[Idaho Correctional Center]], claiming that understaffing contributed to the high levels of violence there. In 2014, the [[Federal Bureau of Investigation]] (FBI) began an investigation into CCA management of the ICC to ascertain whether any Federal statutes were violated because of the understaffing of the facility and what was found to be falsification of staffing records.<ref>Rebecca Boone (March 7, 2014). [http://bigstory.ap.org/article/apnewsbreak-fbi-investigates-prison-company-cca APNewsBreak: FBI Investigates Prison Company] {{Webarchive|url=https://web.archive.org/web/20140310212838/http://bigstory.ap.org/article/apnewsbreak-fbi-investigates-prison-company-cca |date=2014-03-10 }}. '' | In 2010, the [[ACLU]] filed a lawsuit on behalf of inmates at the [[Idaho Correctional Center]], claiming that understaffing contributed to the high levels of violence there. In 2014, the [[Federal Bureau of Investigation]] (FBI) began an investigation into CCA management of the ICC to ascertain whether any Federal statutes were violated because of the understaffing of the facility and what was found to be falsification of staffing records.<ref>Rebecca Boone (March 7, 2014). [http://bigstory.ap.org/article/apnewsbreak-fbi-investigates-prison-company-cca APNewsBreak: FBI Investigates Prison Company] {{Webarchive|url=https://web.archive.org/web/20140310212838/http://bigstory.ap.org/article/apnewsbreak-fbi-investigates-prison-company-cca |date=2014-03-10 }}. ''Associated Press''. Retrieved April 5, 2014.</ref> | ||
In 2016, the [[Obama administration]] provided the CCA a $1 billion no-bid contract to detain asylum seekers from Central America.<ref>[https://www.washingtonpost.com/business/economy/inside-the-administrations-1-billion-deal-to-detain-central-american-asylum-seekers/2016/08/14/e47f1960-5819-11e6-9aee-8075993d73a2_story.html?wpmm=1 "Inside the administration's $1 billion deal to detain Central American asylum seekers"]. ''The Washington Post''. August 14, 2016.</ref> | In 2016, the [[Obama administration]] provided the CCA a $1 billion no-bid contract to detain asylum seekers from Central America.<ref>[https://www.washingtonpost.com/business/economy/inside-the-administrations-1-billion-deal-to-detain-central-american-asylum-seekers/2016/08/14/e47f1960-5819-11e6-9aee-8075993d73a2_story.html?wpmm=1 "Inside the administration's $1 billion deal to detain Central American asylum seekers"]. ''The Washington Post''. August 14, 2016.</ref> | ||
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===Lawsuit about gang influence in Idaho prison=== | ===Lawsuit about gang influence in Idaho prison=== | ||
In 2010 the FBI conducted an investigation of CCA practices following an incident at their prison in Idaho Correctional Center in which a prison inmate was beaten unconscious in an inmate attack. A video released by the | In 2010 the FBI conducted an investigation of CCA practices following an incident at their prison in Idaho Correctional Center in which a prison inmate was beaten unconscious in an inmate attack. A video released by the Associated Press showed the incident underway as guards watched without taking action. Because the matter was under litigation, the company had said publicly that the release of the video is "an unnecessary security risk to our staff, the inmates entrusted to our care and ultimately to the public." CCA said it was cooperating with investigators.<ref>{{cite news |url=https://www.bbc.co.uk/news/world-us-canada-11883673 |work=BBC News |title=Idaho prison guards 'filmed watching inmate attack' |date=December 1, 2010}}</ref> | ||
In March 2010, the ACLU filed suit in federal court against CCA in Idaho, alleging that guards were not protecting inmates from other violent inmates.<ref>[http://www.correctionsone.com/treatment/articles/2017869-ACLU-suing-Corrections-Corp-of-America/ Rebecca Boone, "ACLU suing Corrections Corp. of America"], Associated Press, in ''Corrections One'', March 11, 2010</ref> In February 2014, the federal judge hearing the case awarded $349,000 in attorney fees to the ACLU for its costs in bringing the action.<ref>[http://www.idahopress.com/news/state/federal-judge-orders-cca-to-pay-attorney-fees-to-aclu/article_d9cdcfd6-9b2c-11e3-9498-001a4bcf887a.html 'Federal judge orders CCA to pay attorney fees to ACLU'], ''Idaho Press-Tribune'', February 22, 2014. Retrieved February 23, 2014.</ref> A settlement was reached to correct conditions at the prisons run by CCA. | In March 2010, the ACLU filed suit in federal court against CCA in Idaho, alleging that guards were not protecting inmates from other violent inmates.<ref>[http://www.correctionsone.com/treatment/articles/2017869-ACLU-suing-Corrections-Corp-of-America/ Rebecca Boone, "ACLU suing Corrections Corp. of America"], Associated Press, in ''Corrections One'', March 11, 2010</ref> In February 2014, the federal judge hearing the case awarded $349,000 in attorney fees to the ACLU for its costs in bringing the action.<ref>[http://www.idahopress.com/news/state/federal-judge-orders-cca-to-pay-attorney-fees-to-aclu/article_d9cdcfd6-9b2c-11e3-9498-001a4bcf887a.html 'Federal judge orders CCA to pay attorney fees to ACLU'], ''Idaho Press-Tribune'', February 22, 2014. Retrieved February 23, 2014.</ref> A settlement was reached to correct conditions at the prisons run by CCA. | ||