Mealey's (May 10, 2023, 1:35 PM EDT) -- WEST PALM BEACH, Fla. — A federal judge should grant preliminary approval of a class action lawsuit alleging that a private prison operator and certain current and former senior executives misrepresented the company’s business and financial condition in violation of federal securities law because the settlement is fair, reasonable and adequate and meets the statutory requirements for approval, lead plaintiffs argue in a motion for preliminary approval filed in Florida federal court....