The GEO Group Comments on Ruling by the 9th Circuit Court of Appeals in the Nwauzor Case
16 Januar 2025 - 10:33PM
Business Wire
The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”)
commented today on a ruling by the U.S. Court of Appeals for the
Ninth Circuit in relation to the Nwauzor v. The GEO Group case (the
“Nwauzor Case”).
GEO is currently reviewing today’s decision in the Nwauzor Case.
GEO remains steadfast in its position that participants in the
federally mandated Voluntary Work Program (VWP) at the Tacoma ICE
Facility are not GEO employees. The United States Department of
Justice supported GEO in requesting that the lower court judgment
be reversed, stating that the application of the state minimum wage
is precluded by principles of federal preemption and violates
principles of intergovernmental immunity. Simply put, we believe
the State of Washington has unconstitutionally violated the
Supremacy Clause of the United States Constitution. GEO strongly
disagrees with this decision and will continue to vigorously pursue
all available appeals of this ruling.
About The GEO Group
The GEO Group, Inc. (NYSE: GEO) is a leading diversified
government service provider, specializing in design, financing,
development, and support services for secure facilities, processing
centers, and community reentry centers in the United States,
Australia, South Africa, and the United Kingdom. GEO’s diversified
services include enhanced in-custody rehabilitation and
post-release support through the award-winning GEO Continuum of
Care®, secure transportation, electronic monitoring,
community-based programs, and correctional health and mental health
care. GEO’s worldwide operations include the ownership and/or
delivery of support services for 99 facilities totaling
approximately 80,000 beds, including idle facilities and projects
under development, with a workforce of up to approximately 18,000
employees.
Use of forward-looking statements
This news release may contain “forward-looking statements”
within the meaning of Section 21E of the Securities Exchange Act of
1934, as amended, and the U.S. Private Securities Litigation Reform
Act of 1995. Readers are cautioned not to place undue reliance on
these forward-looking statements and any such forward-looking
statements are qualified in their entirety by reference to the
cautionary statements and risk factors contained in GEO's filings
with the U.S. Securities and Exchange Commission including its Form
10-K, 10-Q and 8-K reports. All forward-looking statements speak
only as of the date of this news release and are based on current
expectations and involve a number of assumptions, risks and
uncertainties that could cause the actual results to differ
materially from such forward-looking statements. Readers are
strongly encouraged to read the full cautionary statements and risk
factors contained in GEO’s filings with the U.S. Securities and
Exchange Commission, including those referenced above. GEO
disclaims any obligation to update or revise any forward-looking
statements, except as required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20250116486284/en/
Pablo E. Paez (866) 301 4436 Executive Vice President, Corporate
Relations
Geo (NYSE:GEO)
Historical Stock Chart
Von Dez 2024 bis Jan 2025
Geo (NYSE:GEO)
Historical Stock Chart
Von Jan 2024 bis Jan 2025