litigation
confidence high
sentiment negative
materiality 0.75
Ninth Circuit denies GEO rehearing; $37.6M judgment stands in detainee wage case
GEO GROUP INC
- Ninth Circuit denied GEO's petition for panel rehearing and rehearing en banc in two detainee minimum wage cases.
- Combined judgment includes $23.2M jury verdict plus ~$14.4M in fees, costs, and interest; post-judgment interest accruing.
- Six judges dissented from denial of en banc rehearing, issuing two dissenting opinions.
- GEO plans to seek a stay of mandate and petition U.S. Supreme Court for certiorari on preemption grounds.
item 8.01