Bragar Eagel & Squire, P.C. Is Investigating the Officers & Directors of Apollo Education Group, Inc. on Behalf of Stockholders
November 10 2015 - 5:30PM
Business Wire
Bragar Eagel & Squire, P.C. is investigating potential
claims on behalf of Apollo Education Group, Inc. (NASDAQ:
APOL) investors concerning whether the company’s officers and board
of directors violated the federal securities laws or breached their
fiduciary duties.
On October 9, 2015, the U.S. Department of Defense (“DoD”)
reported that it had placed Apollo Education’s wholly-owned
subsidiary University of Phoenix, Inc. under probationary status
and advised that the DoD might terminate the company’s ability to
provide services to the U.S. military. Then, on October 22, 2015
Apollo Education reported a fiscal fourth-quarter loss of $18.5
million, after reporting a profit in the same period a year
earlier.
Following this news, Apollo Education’s stock fell $3.41, or
over 32%, to close at $7.19 per share on October 22, 2015.
If you purchased Apollo Education securities, have information
or would like to learn more about these claims, or have any
questions concerning this announcement or your rights or interests
with respect to these matters please contact J. Brandon Walker,
Esq. by email at investigations@bespc.com, or telephone at (212)
355-4648, or by filling out this contact form. There is no cost or
obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm
concentrating in commercial and securities litigation. For
additional information, please go to www.bespc.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20151110007024/en/
Bragar Eagel & Squire, P.C.J. Brandon Walker, Esq.,
212-355-4648investigations@bespc.com
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