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Geo Group Inc . (NYSE:GEO), a corrections and detention facilities operator with annual revenue of $2.45 billion, reported Monday that the United States Court of Appeals for the Ninth Circuit denied its petition for a panel rehearing or rehearing en banc in two related cases: Nwauzor v. The GEO Group, Inc. and State of Washington v. The GEO Group, Inc. The announcement was made in a press release and detailed in a filing with the Securities and Exchange Commission. According to InvestingPro data, the company currently maintains a market capitalization of $2.9 billion.
According to the filing, six judges dissented from the denial of rehearing en banc, issuing two dissenting opinions. The cases involve claims that Washington State minimum wage laws apply to detainees who volunteer for work programs at the Northwest ICE Processing Center, which is operated by Geo Group under contract with the U.S. Department of Homeland Security.
In October 2021, a jury verdict and court judgment resulted in a combined $23.2 million judgment against Geo Group. This amount was later increased by approximately $14.4 million in attorney’s fees, costs, and pre-judgment interest. Post-judgment interest continues to accrue under Washington law.
Geo Group stated its intention to file a motion with the Court of Appeals to stay the issuance of its mandate while the company petitions the U.S. Supreme Court for review. The company also indicated it believes the Court of Appeals’ decision conflicts with the Supremacy Clause and established law regarding intragovernmental immunity and federal preemption.
Further details on these cases are available in Geo Group’s prior SEC filings, including its annual and quarterly reports.
This summary is based on a statement provided in a press release and the company’s SEC filing.
In other recent news, GEO Group Inc. reported impressive financial results for the second quarter of 2025. The company achieved earnings per share of $0.22, surpassing analyst expectations of $0.17. Additionally, GEO Group’s revenue reached $636.2 million, exceeding the forecasted $621.99 million. These results highlight the company’s strong performance in the recent quarter. Despite the positive earnings and revenue figures, the stock experienced a decline during the regular trading session. However, it showed a slight recovery in pre-market trading. These developments reflect the company’s ability to outperform financial projections, capturing the attention of investors and analysts alike.
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