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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;

Stock News for Apollo (APOL)
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02/08/201610:52:00Wolf Popper LLP Investigates Claims That the Proposed Acquisition...
02/08/201608:40:00Apollo Education to Be Taken Private in $1.1 Billion Deal
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02/08/201608:04:00BUYOUT ALERT - National Securities Law Firm Seeks Higher Price...
02/08/201607:13:42Current Report Filing (8-k)
02/08/201607:11:40Additional Proxy Soliciting Materials (definitive) (defa14a)
02/08/201606:59:00Apollo Education Group, Inc. to Be Taken Private in $1.1 Billion...
02/05/201617:04:07Current Report Filing (8-k)
02/02/201608:00:00University of Phoenix AMVETS Scholarship Recipients Announced
01/27/201621:30:00FTC Sues DeVry Education Over Allegedly Deceptive Ads
01/26/201608:00:00University of Phoenix Executive Dean Dennis Bonilla Joins Arizona...
01/22/201616:07:22Current Report Filing (8-k)
01/15/201617:08:21Current Report Filing (8-k)
01/12/201610:05:56Amended Statement of Ownership (sc 13g/a)
01/11/201616:13:00Genesis Rehab Services and Apollo Education Group to Accelerate...
01/11/201608:30:00Apollo Education to Explore Strategic Alternatives

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