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Federal Contractor Misconduct Database (FCMD)

The federal government routinely awards contracts to companies with histories of misconduct, including contract fraud and other violations. POGO believes that providing this website will help to improve contracting decisions and increase public knowledge of how the government spends billions of taxpayer dollars each year. Read more…

Grae v. Corrections Corp. of America (Shareholder Class Action)

CoreCivic paid $56 million to settle an investor lawsuit alleging the company and its top executives misled shareholders about the quality, efficiency, and regulatory compliance of its facilities. The plaintiffs filed the lawsuit after then-Deputy Attorney General Sally Yates announced in August 2016 that the federal government would phase out its use of private prisons in response to a report that found private prisons incurred more safety and security incidents than government-run facilities. The plaintiffs alleged those events caused a major drop in the value of CoreCivic’s stock.

Misconduct Type
Securities
Enforcement Agency
Non-Governmental
Contracting Party
None
Court Type
Civil
Disposition
Settlement
Date of Settlement Announcement
4/16/2021
Contractors Involved Penalty
Total
Corrections Corporation of America $56,000,000
Further Information Released
CoreCivic Press Release 4/16/2021

Federal Contractor Misconduct Database