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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; [email protected]

Stock News for Apollo (APOL)
DateTimeHeadline
01/11/201706:00:00University of Phoenix® School of Advanced Studies Announces...
01/10/201708:00:00University of Phoenix Survey Finds That Employees May Lack the...
01/09/201716:24:06Quarterly Report (10-q)
01/09/201716:07:32Current Report Filing (8-k)
01/09/201716:05:00Apollo Education Group, Inc. Reports First Quarter Fiscal Year...
01/04/201711:02:00University of Phoenix Showcases the Life of a Healthcare Professional...
01/03/201716:30:00Apollo Education Group Announces Timing of Fiscal 2017 First...
12/28/201615:18:00ADDING MULTIMEDIA University of Phoenix Presents Three Scholarship...
12/28/201612:52:00University of Phoenix Presents Three Scholarship Awards at the...
12/22/201616:07:15Information Statement - All Other (definitive) (def 14c)
12/21/201608:32:07Current Report Filing (8-k)
12/20/201616:32:47Statement of Changes in Beneficial Ownership (4)
12/20/201606:00:00University of Phoenix® School of Advanced Studies Executive...
12/19/201608:00:00SIA and University of Phoenix Announce the Security Industry...
12/16/201606:00:00University of Phoenix® College of Health Professions Academic...
12/15/201612:55:00University of Phoenix Survey Shows Convenience Outweighs Cybersecurity...
12/08/201608:02:55Current Report Filing (8-k)
12/07/201619:20:00Department of Education Requires Letter of Credit for Apollo...
12/05/201610:00:00University of Phoenix Receives Second Diversity Award from Minority...
11/29/201606:00:00University of Phoenix Survey Finds That Education Matters When...

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