SAN DIEGO, Sept. 3, 2016 /PRNewswire/ -- Shareholder
Rights Law Firm Johnson & Weaver, LLP, is investigating
potential claims against Mentor Graphics Corporation, Corrections
Corporation of America, AAC Holdings, Inc., First NBC Bank Holding
Company, and The GEO Group, Inc., as detailed below.
Mentor Graphics Corporation
Johnson & Weaver,
LLP, is investigating potential violations of the federal
securities laws by Mentor Graphics Corporation (NASDAQ:
MENT) and certain of its officers. A securities class action
lawsuit against the Company was filed on behalf of shareholders who
purchased Mentor Graphics between August 21,
2014 and November 19, 2015,
(the "Class Period").
Recently, the complaint was amended, setting forth new
allegations of securities fraud including that Mentor Graphics and
certain of its senior executives (collectively "Defendants") made
materially false and misleading statements by misrepresenting or
failing to disclose that: (1) Mentor Graphics had lost one of its
largest emulation customers to a competitor; (2) the magnitude and
impact of the loss of emulation business was significant,
accounting for 60-70% of Mentor Graphics' total emulator sales; and
(3) the pending launch of another competitor's emulation product
was also causing customers to delay and cancel orders for Mentor
Graphic products. Notably, the amended complaint alleges that
Mentor Graphics' CEO/Chairman Walden
Rhines and President/CFO Gregory
Hinckley capitalized on the Company's artificially-inflated
stock price during the Class Period by selling off a significant
portion of their company stock holdings, resulting in insider
proceeds of over $10.5 million.
If you have held Mentor Graphics shares continuously prior to
August 21, 2014, you may have
standing to hold Mentor Graphics harmless from the damage the
officers and directors caused by making them personally
responsible. You may also be able to assist in reforming the
Company's corporate governance to prevent future
wrongdoing.
If you are a Mentor Graphics shareholder and are interested
in learning more about the investigation or your legal rights and
remedies, please contact lead analyst Jim
Baker (jimb@johnsonandweaver.com) at 619-814-4471. If you
email, please include your phone number.
Corrections Corporation of America
Johnson &
Weaver, LLP is investigating potential violations of the federal
securities laws by Corrections Corporation of America ("CCA"
or the "Company") (NYSE: CXW) and certain of its officers. A
class action lawsuit against the Company has been filed on behalf
of shareholders who purchased CCA stock between February 27, 2012 and August 17, 2016, (the "Class Period").
The complaint alleges that during the Class Period CCA made
false and/or misleading statements and/or failed to disclose
that: CCA's facilities lacked adequate safety and security
standards and were less efficient at offering correctional services
than the Federal Bureau of Prisons' ("BOP") facilities; the
Company's rehabilitative services for inmates were less effective
than the BOP's services; the U.S. Department of Justice ("DOJ") was
unlikely to renew and/or extend its contracts with CCA; and as a
result of the above, CCA's public statements were materially false
and misleading at all relevant times. On August 18, 2016, Deputy Attorney General
Sally Yates announced that the DOJ
decided to stop using private prisons, since they are less safe and
less effective than federal government-run prisons. When this news
was announced, shares of CCA dropped in value.
If you have held CCA shares continuously prior to
February 27, 2012, or if you
have significant losses from stock purchases made between
February 27, 2012 and August 17, 2016, inclusive, and are interested in
learning more about the investigation or your legal rights and
remedies, please contact lead analyst Jim
Baker (jimb@johnsonandweaver.com) at 619-814-4471. If you
email, please include your phone number.
AAC Holdings, Inc.
Johnson & Weaver, LLP is
investigating potential violations of the federal securities laws
by AAC Holdings, Inc. (NYSE: AAC) and certain of its
officers.
On July 1, 2016, a federal court
denied a motion to dismiss a securities fraud class action filed
against AAC and certain executives. According to the complaint, AAC
deceived investors about an active criminal investigation by the
California Department of Justice. The California DOJ's
investigation ultimately materialized into an indictment against
AAC for, inter alia, second-degree murder of an AAC patient.
The complaint alleges that AAC deliberately disregarded the federal
securities laws by concealing the criminal investigation into the
circumstances surrounding the patient's death.
If you have held AAC shares continuously long-term,
you may have standing to hold AAC harmless from the damage the
officers and directors caused by making them personally
responsible. You may also be able to assist in reforming the
Company's corporate governance to prevent future
wrongdoing.
If you are an AAC shareholder and are interested in learning
more about the investigation or your legal rights and remedies,
please contact lead analyst Jim
Baker (jimb@johnsonandweaver.com) at 619-814-4471. If you
email, please include your phone number.
First NBC Bank Holding Company
Johnson & Weaver,
LLP is investigating potential violations of the federal securities
laws by First NBC Bank Holding Company ("First NBC")
(NASDAQ: FNBC) and certain of its officers. A class action lawsuit
against the Company was filed on behalf of shareholders who
purchased First NBC between May 10,
2013 and April 8, 2016, (the
"Class Period").
The litigation concerns Defendants' alleged misrepresentations
and failures to disclose that First NBC improperly accounted for
its Federal and State Historic Rehabilitation tax credit entities,
allegations that it overstated the carrying value of certain
assets, allegations that it understated its oil and gas industry
exposure, and allegations that its loss reserves were
insufficient.
If you have held First NBC shares continuously prior to
May 10, 2013, you may have
standing to hold First NBC harmless from the damage the officers
and directors caused by making them personally responsible. You may
also be able to assist in reforming the Company's corporate
governance to prevent future wrongdoing.
If you are a First NBC shareholder and are interested in
learning more about the investigation or your legal rights and
remedies, please contact lead analyst Jim
Baker (jimb@johnsonandweaver.com) at 619-814-4471. If you
email, please include your phone number.
The GEO Group, Inc.
Johnson & Weaver, LLP is investigating potential violations of
the federal securities laws by The GEO Group, Inc. (NYSE:
GEO) and certain of its officers. A class action lawsuit
against the Company has been filed on behalf of shareholders who
purchased GEO between March 1, 2012
and August 17, 2016, (the "Class
Period").
The complaint alleges GEO made false and/or misleading
statements and/or failed to disclose that: GEO's facilities lacked
adequate safety and security standards and were less efficient at
offering correctional services than the Federal Bureau of Prisons'
("BOP") facilities; the Company's rehabilitative services for
inmates were less effective than the BOP's services; the U.S.
Department of Justice ("DOJ") was unlikely to renew and/or extend
its contracts with GEO; and as a result of the above, the complaint
alleges that GEO's public statements were materially false and
misleading at all relevant times. On August
18, 2016, Deputy Attorney General Sally Yates announced that the DOJ decided to
stop using private prisons, since they are less safe and less
effective than federal government-run prisons. When this news was
announced to the public, shares of GEO fell in value, causing
investors harm.
If you have held shares continuously prior to March 2012, you may have standing to hold
GEO harmless from the damage the officers and directors caused by
making them personally responsible. You may also be able to assist
in reforming the Company's corporate governance to prevent future
wrongdoing.
If you are a GEO shareholder and are interested in learning
more about the investigation or your legal rights and remedies,
please contact lead analyst Jim
Baker (jimb@johnsonandweaver.com) at 619-814-4471. If you
email, please include your phone number.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
Contact:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com
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SOURCE Johnson & Weaver, LLP