The federal price was almost seven times what the private prison operator had asked the Minnesota Department of Corrections.
The probe follows an inspector general referral on contracting during Kristi Noem’s tenure, including a $220 million ad campaign and ties to GEO Group.
A hunger strike at a privately run Georgia detention centre entered a second week as members of Congress pressed for investigations into conditions at other facilities.
The city says federal officials skipped the required environmental review before converting a warehouse into an immigration detention facility.
The detention contractor is calling its 2029 secured notes, extending its revolving credit facility to 2031 and raising the amount of stock it may repurchase.
The private prison operator sued the state attorney general over SB 942, the statute it calls an unconstitutional attempt to regulate immigration detention.
The government is buying the buildings while the private operator keeps the management contracts.
The federal government is buying detention real estate outright while the operator clears secured debt and opens room for buybacks.
The federal government bought three California immigration detention facilities from GEO Group, which will keep operating them.
The private prison operator keeps the service contract, lifts its buyback and raises guidance, while the shares send mixed signals.
Governor Newsom signed AB 1633, described as the first US law taxing private ICE detention companies.
The justices agreed to review mandatory immigration detention in the same week an operator signed a 355 million dollar contract and Colorado sued to block another.
The justices agreed to review a policy that holds tens of thousands of immigrants in detention.
The state’s attorney general asked a federal court to void the contract and halt work on a former prison that the company would reopen for immigration detention.
A Government Accountability Office report says the agency spent without a strategic plan, including on tents and warehouses that went unused.
Patrick Swindle steps down after less than a year to treat pancreatic cancer, and Lucibeth Mayberry becomes president and chief executive.
A Government Accountability Office report says the immigration agency committed billions to new detention initiatives without the analysis or the strategic plan to support them.
A GAO report released by three Senate Democrats found that Immigration and Customs Enforcement and other agencies spent public money on detention sites chosen without the planning the expansion required.
Federal detention capacity is expanding across several states while the largest listed operator’s stock falls on a detainee transfer.
CoreCivic is close to a fifty-two week high on detention contracts, while GEO Group faces a state lawsuit and a contract renewal vote.