Apollo Shareholder Alert by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess...
April 29 2016 - 10:07PM
Business Wire
Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former
Attorney General of Louisiana, Charles C. Foti, Jr., remind
investors that they have until May 13, 2016 to file lead
plaintiff applications in a securities class action lawsuit against
Apollo Education Group, Inc. (NasdaqGS: APOL), if they purchased
the Company’s securities between June 26, 2013 and October 21,
2015, inclusive (the “Class Period”). This action is pending in the
United States District Court for the District of Arizona.
What You May Do
If you purchased shares of Apollo and would like to discuss your
legal rights and how this case might affect you and your right to
recover for your economic loss, you may, without obligation or cost
to you, call toll-free at 1-877-515-1850 or email KSF Managing
Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to
serve as a lead plaintiff in this class action, you must petition
the Court by May 13, 2016.
About the Lawsuit
Apollo and certain of its executives are charged with failing to
disclose material information during the Class Period, violating
federal securities laws.
The complaint alleges that throughout the Class Period, Apollo
engaged in improperly aggressive recruiting tactics on military
bases that contradicted an Executive Order and the express terms of
Apollo’s contracts with the Department of Defense regarding tuition
assistance programs, which eventually resulted in Apollo being put
on probation by the Department of Defense. Apollo also purportedly
failed to disclose that its efforts to transition to a new online
classroom platform were failing due to software compatibility
problems, negatively impacting retention rates and new student
enrollment.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney
General Charles C. Foti, Jr., is a law firm focused on securities,
antitrust and consumer class actions, along with merger &
acquisition and breach of fiduciary litigation against publicly
traded companies on behalf of shareholders. The firm has offices in
New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160429005084/en/
Kahn Swick & Foti, LLCLewis Kahn, 877-515-1850Managing
Partnerlewis.kahn@ksfcounsel.com
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