Prison concern agrees to settle inmate lawsuit

Article Abstract:

A tentative settlement in a class-action lawsuit against Corrections Corp. of America would allow for an award of $1.65 million to 1,900 inmates who were housed in a Youngstown, Ohio, prison. The case centered around undue violence at the prison and the settlement allows for the families of seven dead inmates to file separate lawsuits. Since the suit was filed CCA has been merged into Prison Realty Corp., the company that is expected to pay the settlement after an April 20th hearing.

Comment:

Preliminary settlement to be paid to 1900 inmates

Legal issues & crime, Individual and family services, Criminals Rehabilitation, Other Individual and Family Services, Cases, Abstract, Criminal rehabilitation, Prison industries, Corrections Corporation of America, CXC

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Bankers Trust shares decline 7.9% as Fitch lowers debt rating

Article Abstract:

Bankers Trust Corp.'s share value dropped 7.9% on October 12, 1998 following the downgrading of its debt ratings by Fitch IBCA. Bankers Trust is the seventh-largest bank in the US. Fitch announced that it downgraded the company's long-term debt rating due to the fact that its returns have been lower than its rivals and that its 1998 third-quarter results will be affected by its exposure to emerging markets. Fitch lowered Bankers Trust's ratings from A-plus to A.

Comment:

Share value drops 7.9% on October 12, 1998 following the downgrading of its debt ratings by Fitch IBCA

Commercial Banks, Commercial Banking, Company Planning/Goals, Financial analysis, Securities prices, Bankers Trust Corp., Article

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