PRISON REALTY TRUST - Legal Case Documents


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PRISON REALTY TRUST

Keywords & Phrases

CaseNo: PRT111128, CourtName: CLASS ACTION II, State: TN Tennessee, UniqueCaseRef: LCD>PRT111128, Prison Realty, Crants, Securities, Cca, Act, Class Action, Merger, Prison Realty Trust, Exchange, Common Stock, Fees, United States, Misleading, Material Facts, Materially False, Class Period, Shareholders, Operating Company Leases, Reit, Facilities, Services Agreement, Entry, Management Fees, Dissemination, Proxy/prospectus, Incentive Fee, Jeffrey Miller, Class Action Complaint, Bbj, Docket, District, Magistrate Judge William, Haynes, Cm50ba, Lawsuit, Eod, Atty, Deft, Management Conference , ContentID: 120246851

Case Documents

COMPLAINT
[ see first page and extracted highlights below ] ItemID: 116653

24 pages
PDF

1999-06-30

CIVIL DOCKET FOR CASE 99-CV-452
[ see first page and extracted highlights below ] ItemID: 116651

4 pages
PDF

1999-06-29

CIVIL DOCKET FOR CASE 99-CV-485
[ see first page and extracted highlights below ] ItemID: 116652

4 pages
PDF

Total Documents: 3 documents , 32 pages

Price: $ 29.95

IVESLCD01 KGI0001

1 . COMPLAINT

EXTRACTED KEY WORDS

DEFENDANTS
PLAINTIFFS
CRANTS
SECURITIES
CCA
ACT
CLASS ACTION
MERGER
PRISON REALTY TRUST
EXCHANGE
COMMON STOCK
FEES
MEMBERS
UNITED STATES
MISLEADING
MATERIAL FACTS
MATERIALLY FALSE
CLASS PERIOD
SHAREHOLDERS
OPERATING COMPANY LEASES
REIT
FACILITIES
SERVICES AGREEMENT
MANAGEMENT FEES
DISSEMINATION
PROXY/PROSPECTUS
INCENTIVE FEE
JEFFREY MILLER
CLASS ACTION COMPLAINT



                        UNITED STATES DISTRICT COURT

                              DISTRICT OF TENNESSEE



__________________________________________

:

RICHARD STAUFENBERGER and :

JEFFREY MILLER, on behalf of :

themselves and all others similarly situated, : Civil Action No. 99-

:

Plaintiffs, :

: CLASS ACTION COMPLAINT

-v.- : JURY TRIAL DEMANDED

:

PRISON REALTY TRUST, INC., :

DOCTOR R. CRANTS, and :

D. ROBERT CRANTS III, :

:

Defendants. :

:

__________________________________________:


                                    INTRODUCTION

Plaintiffs, Richard Staufenberger and Jeffrey Miller, by their undersigned attorneys, for
their class action complaint, allege upon personal knowledge as to themselves and their
own acts, and upon the investigation made by and through their attorneys, which

SNIPPETS:

JEFFREY MILLER, on behalf of:

DOCTOR R. CRANTS, and:

Plaintiffs, Richard Staufenberger and Jeffrey Miller, by their undersigned attorneys, for

investigation included, inter alia, a review of the public documents and filings by the

Plaintiffs bring this action as a class action on behalf of themselves and all others who

Prison Realty is a publicly traded Real Estate Investment Trust which was formed at year-end

Prison Realty owns correctional and detention facilities throughout the United States and the

When the merger of Old CCA and CCA Prison Realty was first proposed, it met with significant

Unknown and undisclosed to Plaintiffs and the class herein, however, was the material fact

The payments to be made by Prison Realty to New CCA as set out in the merger documents were

Yet, as part of the merger, Defendants had numerous investment bankers and accountants

Analyst Will Marks, of Banc of America Securities, stated that "It looks like the operating

Prison Realty's common stock, which traded as high as $25.9375 per share and averaged $21.275

Plaintiffs and other members of the class have been damaged as a result.

This action arises under ßß 10and 20of the Securities Exchange Act of 1934, 15 U.S.C. ß 78,

violations of law herein complained of occurred within this District, including the

Crants and Crants III had a duty to correct promptly any public statements issued by Prison

The Proxy/Prospectus set forth the details of the Merger Plan, including, among other things,

The rent schedules under the operating Company Leases provide for a relatively stable source

will enter into the Services Agreement with pursuant to which will serve as a facilitator of

In consideration for the performance of such services, will receive a fee of 5% of the total

Defendants acted with scienter in that Defendants knew or recklessly disregarded that the securities laws.

The Proxy/Prospectus, at the time it became effective, contained untrue statements of

2 . CIVIL DOCKET FOR CASE 99-CV-452

EXTRACTED KEY WORDS

BBJ
DOCKET
DISTRICT
COURT
MAGISTRATE JUDGE WILLIAM
HAYNES
ATTY
COUNSEL
CM50BA
CONFERENCE
CRANTS
CLERK
CHARLES
LILLEY
LAWSUIT
EOD
PRISON REALTY TRUST
ROBERT CRANTS
GLEN DEVALERIO
MGMT CONFERENCE RESET
PARTY FILING
SERVE
PARTIES
COLORADO
PLTFS
DEFTS
RESPONSIVE PLEADING
COMPLAINT
ICMC



Docket as of June 30, 1999 [retrieved 7/6/99]

Proceedings include all events.
3:99cv452          Charles, et al v. Prison Realty Trust, et al
REFER

CM50BA
                                                                     REFER
CM50BA
                            U.S. District Court
                 MIDDLE DISTRICT OF TENNESSEE (Nashville)

                    CIVIL DOCKET FOR CASE #: 99-CV-452

Charles, et al v. Prison Realty Trust, et al                         Filed:
05/26/99
Assigned to: Judge Todd J. Campbell                   Jury demand: Plaintiff
                  Referred to: Magistrate Judge William J. Haynes, Jr.
Demand: $0,000                                        Nature of Suit: 850
Lead Docket: None                                     Jurisdiction: Federal
Question
Dkt# in other court: None

Cause: 15:77 Securities Fraud


RICHARD CHARLES, on behalf of          George Edward Barrett
himself and all others                 [COR LD NTC]
similarly situated                     Douglas S. Johnston, Jr.
         pltf                          [COR]
                                       Barrett, Johnston & Parsley
                                       217 Second Avenue, N
                                       Nashville, TN 37201
                                       (615) 244-2202

                                       Glen DeValerio
                                       [COR LD NTC]
                                       Jeffrey C. Block
                                       [COR]
                                       Michael M. Sullivan
                                       [COR]
                                       Berman, DeValerio & Pease
                                       One Liberty Square
                                       Boston, MA 02109
                                       (617) 542-8300

SNIPPETS:

Docket as of June 30,

CM50BA

U.S. District Court

MIDDLE DISTRICT OF TENNESSEE

Magistrate Judge William J. Haynes,

$150 Receipt # 68774 (bbj)

[Entry date 06/02/99]

Management Conference set for 9:30 7/6/99,

Prison Realty Trust on 5/27/99.

Robert Crants III on 5/27/99.

6/2/99 3 LETTER from Clerk to pltf's atty, Glen DeValerio, re:

Case Mgmt Conference reset for 2:00 p.m. 8/5/99 counsel

for the party filing this lawsuit must serve a copy of this

order on the other parties to this lawsuit.

District of Colorado, by Charles W. Lilley, atty for pltfs.

defts shall not be required to file an answer or other

responsive pleading to the complaint until such time as

will be determined at the ICMC or otherwise ordered by the

EOD 6/30/99

3 . CIVIL DOCKET FOR CASE 99-CV-485

EXTRACTED KEY WORDS

ENTRY
DOCKET
DISTRICT
MAGISTRATE JUDGE WILLIAM
DEFT
MANAGEMENT CONFERENCE
CM50BA
COURT
HAYNES
CRANTS
MANAGEMENT CONFERENCE SET
COUNSEL
LAWSUIT
LAH
CAMPBELL
DKT
SECURITIES EXCHANGE ACT
PRISON REALTY TRUST
ROBERT CRANTS
FEE
PAID
AMOUNT
MANAGEMENT CONFERENCE RESET
PARTY FILING
SERVE
PARTIES
EOD
USDC
PLTFS



Docket as of June 29, 1999 [retrieved 7/6/99]

Proceedings include all events.
3:99cv485          Staufenberger, et al v. Prison Realty Trust, et al
REFER

CM50BA
                                                                     REFER
CM50BA
                            U.S. District Court
                 MIDDLE DISTRICT OF TENNESSEE (Nashville)

                    CIVIL DOCKET FOR CASE #: 99-CV-485

Staufenberger, et al v. Prison Realty Trust, et al                   Filed:
06/03/99
Assigned to: Judge Todd J. Campbell
                  Referred to: Magistrate Judge William J. Haynes, Jr.
Demand: $0,000                                        Nature of Suit: 850
Lead Docket: None                                     Jurisdiction: Federal
Question
Dkt# in other court: None

Cause: 15:78m(a) Securities Exchange Act


RICHARD STAUFENBERGER, on              George Edward Barrett
behalf of himself and all              [COR LD NTC]
others similarly situated              Douglas S. Johnston, Jr.
         pltf                          [COR]
                                       Barrett, Johnston & Parsley
                                       217 Second Avenue, N
                                       Nashville, TN 37201
                                       (615) 244-2202

                                       Fred Taylor Isquith
                                       [COR LD NTC]
                                       Wolf, Haldenstein, Adler,
                                       Freeman & Herz LLP
                                       270 Madison Avenue
                                       New York, NY 10016
                                       (212) 545-4600

                                       Charles J. Piven
                                       [COR LD NTC]
                                       Law Offices of Charles J. Piven,

SNIPPETS:

Docket as of June 29,

CM50BA

U.S. District Court

MIDDLE DISTRICT OF TENNESSEE

Assigned to: Judge Todd J. Campbell

Magistrate Judge William J. Haynes,

Dkt# in other court: None

Cause: 15:78mSecurities Exchange Act

PRISON REALTY TRUST INC

ROBERT CRANTS, III

paid in the amount of: $150 Receipt # 68875 (bbj)