GlobeNewswire Inc | Sep 3, 2020 08:00AM EDT

September 03, 2020

Investors with losses of $100,000 or more are encouraged to contact the firm before September 8, 2020. Click here to submit trade information

LOS ANGELES, Sept. 03, 2020 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of The GEO Group, Inc. ("GEO Group" or the "Company") (NYSE: GEO) investors that acquired securities betweenFebruary 27, 2020 and June 16, 2020.Eligible GEO Group investors have untilSeptember 8, 2020to request that the Court appoint you as lead plaintiff.

Investors are encouraged to contact attorney Lesley F. Portnoy, to determine eligibility to participate in this action, by phone 310-692-8883 or email, or click here to join the case.

The lawsuit alleges that the Company failed to institute proper virus prevention measures to protect the Companys residents at halfway houses and employees.

On June 17, 2020, 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.

On this news, GEO Group's stock price fell $1.03 per share, or 7.8%, to close at $12.17 per share on June 17, 2020.

Please visit our website to review more information and submit your transaction information. If you suffered a loss you have untilAugust 3, 2020to request that the Court appoint you as lead plaintiff.

The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firms founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.Admitted CA and NY Barlesley@portnoylaw.com310-692-8883www.portnoylaw.com

Attorney Advertising