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Judge dismisses Jim Zeigler lawsuit challenging Kay Ivey's prison lease plan


Judge dismisses Jim Zeigler lawsuit challenging Kay Ivey’s prison lease plan
Updated 2:10 PM;
Montgomery County Circuit Judge Greg Griffin today dismissed a lawsuit filed by State Auditor Jim Zeigler and others challenging Gov. Kay Ivey’s plan to lease and operate privately owned prisons.
Griffin granted the request of the Alabama Department of Corrections to dismiss the case, rejecting the claims by Zeigler and the other plaintiffs that the prison leases would violate restrictions in the state Constitution on putting the state of Alabama in debt. Griffin also rejected plaintiffs’ claim that the leases violate a state law that prohibits the ADOC from leasing facilities without consent of the Legislature, as well as other claims. ....

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Barclays's Derailed Prison Bond Deal Shows Growing Might of ESG


Barclays’s Derailed Prison Bond Deal Shows Growing Might of ESG
Bloomberg
2 hrs ago
Amanda Albright and Danielle Moran
© Bloomberg
The Barclays Plc headquarters sits in the Canary Wharf business, financial and shopping district of London, U.K., on Wednesday, Oct. 28, 2015. In its monthly consumer confidence index, GfK said a measure of Britons outlook for the economy over the next 12 months dropped to minus 4 in October, the lowest reading this year.
(Bloomberg) The first sign of trouble came last week: A small group of investors circulated a letter lambasting Barclays Plc for helping to raise hundreds of millions of dollars to build two privately owned prisons in Alabama two years after the bank publicly vowed to cut financing ties with the for-profit industry. ....

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