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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
08/23/201613:56:00K-12 Teachers in America Remain Reluctant to Integrate Social...
08/16/201617:10:01Statement of Changes in Beneficial Ownership (4)
08/16/201617:09:36Statement of Changes in Beneficial Ownership (4)
08/16/201617:09:10Statement of Changes in Beneficial Ownership (4)
08/16/201617:09:10Statement of Changes in Beneficial Ownership (4)
08/16/201617:08:44Statement of Changes in Beneficial Ownership (4)
08/16/201617:08:44Statement of Changes in Beneficial Ownership (4)
08/16/201617:08:18Statement of Changes in Beneficial Ownership (4)
08/16/201617:07:52Statement of Changes in Beneficial Ownership (4)
08/16/201617:07:52Statement of Changes in Beneficial Ownership (4)
08/09/201613:10:00University of Phoenix Celebrates Alumna and World Champion Gail...
08/08/201611:10:00Boys & Girls Clubs of America and University of Phoenix Announce...
08/04/201616:31:00Best Western Hotels & Resorts and University of Phoenix Partner...
08/03/201607:02:00Health Means Business White Paper Now Available About the Latest...
08/02/201606:00:00University of Phoenix® College of Education Launches Induction...
07/28/201608:00:00Elearning! Media Group Honors University of Phoenix as Top 100...
07/14/201617:29:05Current Report Filing (8-k)
07/14/201611:00:00University of Phoenix Celebrates Four Decades of Innovative Higher...
07/08/201606:03:30Quarterly Report (10-q)
07/07/201617:22:15Current Report Filing (8-k)

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