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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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04/02/201519:06:22Statement of Changes in Beneficial Ownership (4)
04/01/201508:00:00University of Phoenix and the (ISC)² Foundation Offer 10 Full-tuition...
03/31/201510:00:00University of Phoenix Names Meredith Curley, Ed.D., as University...
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03/25/201510:23:33MARKET SNAPSHOT: U.S. Stocks Drift Lower Amid Low Volumes
03/25/201510:11:22Apollo Education Swings to Loss as Enrollment Declines-- Update
03/25/201509:41:28MARKET SNAPSHOT: U.S. Stocks: Futures Struggle Amid Low Volumes
03/25/201509:11:24Premarket Gainers / Losers as of 9:10 am
03/25/201508:25:00Apollo Education Group (APOL) Q2 2015 Results - Earnings Call...
03/25/201507:54:36Quarterly Report (10-q)
03/25/201507:47:00Apollo -12.68% after earnings
03/25/201507:37:43Current Report Filing (8-k)

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