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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
04/29/201601:50:00Apollo Education Doesn't Have Enough Votes Yet to Approve Sale
04/28/201619:03:00Apollo Education Group Announces Adjournment of Special Meeting...
04/27/201610:51:00Nearly Two-Thirds of U.S. Adults with Social Media Accounts Say...
04/27/201607:00:00University of Phoenix Executive Dean Andy Drotos Joins Arizona...
04/26/201608:00:00Apollo Education Group to Address How Learning Strengthens Workforce...
04/26/201607:50:03Additional Proxy Soliciting Materials (definitive) (defa14a)
04/25/201608:00:00University of Phoenix Launches Bachelor’s Degree in Public A...
04/20/201616:09:38Additional Proxy Soliciting Materials (definitive) (defa14a)
04/19/201607:01:00Boys & Girls Clubs of America and University of Phoenix Award...
04/18/201616:47:00IMPORTANT INVESTOR NOTICE: Khang & Khang LLP Announces an Investigation...
04/18/201615:31:00UPCOMING DEADLINE ALERT: Brower Piven Encourages Investors Who...
04/15/201617:08:38Additional Proxy Soliciting Materials (definitive) (defa14a)
04/15/201616:43:51Additional Proxy Soliciting Materials (definitive) (defa14a)
04/15/201609:54:00Apollo Education Group Receives Recommendation from Glass Lewis...
04/15/201608:30:00Hagens Berman Reminds Apollo Education Group Incorporated (NASDAQ:...
04/12/201613:55:21EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class...
04/12/201607:00:00University of Phoenix Announces New Cyberethics Continuing Education...
04/08/201622:03:00The Former Attorney General of Louisiana & Kahn Swick & Foti...
04/08/201613:01:57SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have...
04/07/201606:02:14Quarterly Report (10-q)

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