New York, NY, May 29, 2025 – Robert F. Kennedy Human Rights, in partnership with Adasina Social Capital and FreeCap Financial, has released the first in a new quarterly series of investor risk briefs detailing financial risks for shareholders of GEO Group and CoreCivic, private prison companies operating upwards of 90% of U.S. immigration detention.

The briefs spotlight financial risk exposure stemming from new state and local regulation, recently levied tax liabilities, and new and ongoing litigation related to allegations of mismanagement, chronic understaffing, health and safety risks, and labor law violations. The briefs inform shareholders, institutional investors, and asset managers of operational liabilities that are downplayed or ignored in the company’s quarterly shareholder calls.

“We’ve long known that the private prison model’s focus on extreme cost-cutting leads to regulatory and human rights violations that impose enormous financial liabilities on the back end,” said Kerry Kennedy, President of Robert F. Kennedy Human Rights. “Now, investors will have access to their true risk exposure on a quarterly basis.”

Examples of financial risk cited within the briefs include: 

• A Montana federal jury’s recent finding that CoreCivic is liable for a $28 million payout to a man beaten nearly to death in a facility without proper staffing levels; 
• The Ninth Circuit Court of Appeals’ decision to affirm a $23 million judgment against GEO for violating Washington state labor laws at an immigration detention center in Tacoma, WA; and
• New multi-million dollar tax liabilities against GEO.

“Private prison investors need to know what goes on behind the scenes at these facilities,” said Anthony Enriquez, Vice President of U.S. Advocacy and Litigation at RFK Human Rights. “Investing in GEO Group and CoreCivic is not only financially bad for business, it supports atrocious attacks against human rights.”

The Q2 investor risk briefs from RFK Human Rights, Adasina, and FreeCap will be published in early August 2025 following the Q2 earnings calls of GEO Group and CoreCivic.

About Robert F. Kennedy Human Rights
Working alongside grassroots partners in the U.S. and around the world, our teams of lawyers confront systemic problems through litigation and advocacy aimed at structural change. The U.S. Advocacy and Litigation team regularly represents people subjected to abuse in privately owned and operated immigration detention facilities. The team conducts “Know Your Rights” trainings for detained individuals; files federal lawsuits and civil rights complaints to stop medical neglect, physical and sexual abuse, and denial of due process at ICE jails; and advocates for public accountability through independent reports and media coverage.