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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
02/26/201309:07:23U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
01/04/201316:20:10WEEK AHEAD: Wells Fargo, Alcoa Reporting 4th-Quarter Results
10/17/201212:52:36U.S. Stocks Roughly Flat as IBM Balances Strong Housing Data
10/16/201217:10:14Apollo Group Net Down 60% on Weaker Enrollments
06/26/201207:00:18U.S. Stock Futures Higher Ahead Of Data
03/24/201200:20:26MARKET SNAPSHOT: U.S. Stocks Enter Strong Quarter's Home Stretch
01/06/201209:08:25US Stock Futures: HOT STOCKS TO WATCH
12/30/201115:03:15US EQUITIES WEEK AHEAD: December Jobs Report, Retail Sales
08/02/201117:23:04Apollo To Pay $96.5 Million For Math Publisher, Related Technology
07/12/201108:04:17Some Relief For Apollo Group, But Accreditor Still Has Questions
07/01/201119:00:09CORRECT (6/30): Apollo Group 3Q Adjusted Profit Falls Less Than...
06/30/201116:59:08Apollo Group 3Q Adjusted Profit Falls Less Than Expected
06/09/201113:46:46Some Relief, But For-Profit Colleges Still Face Challenges
06/02/201109:48:46For-Profit Colleges Rally As Government Test Looks Easy
06/02/201100:31:23US Education Dept Softens Final Rule On Vocational Programs
05/19/201110:57:12Kaplan Bows Out Of Online High Schools, Soon After Getting In
05/16/201108:21:22Massachusetts Investigating Apollo Group's University of Phoenix
04/28/201111:40:37Inspector General Investigating US Education Dept Over Rules...
04/14/201110:07:09Apollo Group Threatens To Pull Employees From Arizona
03/31/201109:30:33Apollo Group's Accreditor Has 'A Number Of Questions'

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