Another underwriter, Stifel Bank, backs out of Alabama prison deal: report
Stifel says it will not underwrite the private prison project after KeyBanc Capital Markets and Barclays also withdrew.
Prisons
Patient at Taylor Hardin Secure Medical Facility found dead
A worker there said the man may have overdosed on illicit drugs, which the person said are entering through staff.
Incarcerated Alabama man nearing release dies after assault
Ian Rettig was stabbed the day before his expected release — and a day before his birthday.
Gov. Kay Ivey’s prison plan faces lawsuit
The lawsuit alleges the prison plan runs afoul of the Alabama Constitution and state law.
CoreCivic settles lawsuit for $56 million, more firms pull out of Alabama prison bid
CoreCivic’s settlement comes as the company struggles to secure financing to build two of Alabama's planned three new prisons.
Barclays pulls out as underwriter for CoreCivic’s Alabama prison construction deal
Barclays had come under fire after pledging in 2019 to cut ties with private prison companies.
CoreCivic struggles to secure financing for Alabama’s new prisons
An expert said the company's problems finding enough investors could result in more costs to the state.
As vaccines trickle into Alabama prisons, COVID-19 deaths continue
Despite statements in February that vaccines couldn't be stored outside of prisons and brought in, that's what's now happening.
Barclays aiding Alabama prison financing despite pledge against private prison companies
Barclays in 2019 said the company would no longer finance private prison companies.
PR firm’s contract for Alabama prisons held up in oversight committee
Some members expressed concern that $1.5 million could be better spent on the state's prison crisis.