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Massachusetts Investigating Apollo Group's University of Phoenix

NEW YORK -(Dow Jones)- Apollo Group Inc.'s (APOL) University of Phoenix has been asked by the Massachusetts Attorney General to hand over information on its recruitment and student financial-aid practices, joining at least two other publicly traded schools facing such a request. Phoenix, which has three campuses in Massachusetts as well as an online operation, according to the school's website, said in a securities filing early Monday that it was asked to provide documents and information regarding a "broad spectrum" of its business from 2002 to the present. Last week, one of Washington Post Co.'s (WPO) Kaplan Career Institute campuses in Boston received a similar request, and Corinthian Colleges Inc. (COCO) disclosed late last month that its Everest Institute locations in Brighton and Chelsea also received investigative demands. Apollo said in a securities filing Monday that it believes Massachusetts is part of a coalition of states investigating the for-profit college industry. The Huffington Post earlier this month reported that a group of 10 states is looking into the sector's business practices to see if any violated consumer protection statutes. It confirmed Kentucky, Florida, Illinois and Iowa as members. Apollo said in the filing that it is "evaluating" the demand. -Melissa Korn, Dow Jones Newswires; 212-416-2271; Melissa.korn@dowjones.com

Stock News for Apollo (APOL)
DateTimeHeadline
07/31/201509:05:00Education and Training Services Stocks Technical Insight -- Apollo...
07/29/201508:32:18Current Report Filing (8-k)
07/28/201507:28:00Nearly Three-Fourths of U.S. Workers in Their 30s Want a Career...
07/21/201517:50:25Statement of Changes in Beneficial Ownership (4)
07/09/201516:00:08Current Report Filing (8-k)
07/08/201518:14:00Statement of Changes in Beneficial Ownership (4)
07/08/201518:13:00Statement of Changes in Beneficial Ownership (4)
07/08/201518:11:36Statement of Changes in Beneficial Ownership (4)
07/08/201518:11:08Statement of Changes in Beneficial Ownership (4)
07/08/201518:10:11Statement of Changes in Beneficial Ownership (4)
07/08/201518:09:16Statement of Changes in Beneficial Ownership (4)
07/08/201517:45:03Why Apollo Education Group Inc Fell 27% in June
07/07/201517:28:00Statement of Changes in Beneficial Ownership (4)
07/07/201517:27:08Statement of Changes in Beneficial Ownership (4)
07/07/201517:25:48Statement of Changes in Beneficial Ownership (4)
07/07/201517:23:31Statement of Changes in Beneficial Ownership (4)
07/07/201517:21:16Statement of Changes in Beneficial Ownership (4)
07/07/201517:16:44Statement of Changes in Beneficial Ownership (4)
07/07/201507:00:00Carnegie Learning’s Teaching Excellence Institute Takes Professional D...
06/30/201511:56:04Why Shares of Apollo Education Group Inc. Slumped Today

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