Deadline Alert: Law Offices of Howard G. Smith Reminds Investors of the Upcoming May 13 Deadline in the Securities Class Acti...
May 04 2016 - 10:30AM
Business Wire
Law Offices of Howard G. Smith reminds investors of the
upcoming May 13, 2016 deadline to file a lead
plaintiff motion in the class action filed on behalf of investors
who purchased Apollo Education Group, Inc. (“Apollo” or the
“Company”) (NASDAQ: APOL) securities between June 26, 2013 and
October 21, 2015, inclusive (the “Class Period”). Apollo
investors have until May 13, 2016 to file a lead
plaintiff motion.
The complaint alleges that throughout the Class Period, Apollo
reported generating billions of dollars in revenues while
concealing that a substantial portion of those revenues were being
derived through improperly aggressive recruiting tactics being
undertaken at U.S. military bases across the country that
contradicted an Executive Order signed into law by President
Barrack Obama on April 27, 2012. Apollo's improperly aggressive
recruiting tactics also allegedly violated the express terms of the
contractual agreements the Company had entered into with the U.S.
Department of Defense ("DoD") in February 2012 and July 2014 to
permit the University of Phoenix to continue to participate in the
DoD's tuition assistance programs.
If you purchased Apollo shares, you may move the Court no later
than May 13, 2016 to request appointment as lead
plaintiff. To be a member of the class, you need not take any
action at this time; you may retain counsel of your choice or take
no action and remain an absent member of the Class. If you wish
to learn more about this action, or if you have any
questions concerning this announcement or your rights or interests
with respect to these matters, please contact Howard G. Smith,
Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike,
Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215)
638-4847, toll-free at (888) 638-4847, or by email
to howardsmith@howardsmithlaw.com, or visit our website
at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20160504005681/en/
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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