INVESTIGATION ALERT: Rigrodsky & Long, P.A. Announces Commencement of an Investigation of Apollo Education Group, Inc. for Po...
November 12 2015 - 6:10PM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Apollo
Education Group, Inc. (NASDAQ GS: APOL)?
- Did you lose money in your
investment?
Rigrodsky & Long, P.A. announces that it has commenced an
investigation of Apollo Education Group, Inc. (“Apollo” or the
“Company”) for possible violations of the federal securities laws
by the Company and certain of its officers and directors.
On October 7, 2015, Apollo’s wholly-owned subsidiary, University
of Phoenix, Inc., was notified by the U.S. Department of Defense
("DoD") that the University had been placed on probationary status
in respect of its participation in the DoD Tuition Assistance
Program for active duty military personnel, and that the DoD is
considering whether to terminate the DoD Voluntary Education
Partnership Memorandum of Understanding with the University ("DoD
MOU") which is the basis on which the University's active duty
military students participate in the DoD Tuition Assistance
Program. Then, on October 22, 2015, Apollo reported a fiscal
fourth-quarter loss of $18.5 million, after reporting a profit in
the same period a year earlier.
On this news, shares in Apollo plummeted over 32%, closing at
$7.19 per share on October 22, 2015, on heavy trading volume.
If you purchased shares of Apollo and wish to discuss this
investigation, please contact Timothy J. MacFall, Esquire or Peter
Allocco of Rigrodsky & Long, P.A., 2 Righter Parkway, Suite
120, Wilmington, DE 19803 at (888) 969-4242; by e-mail to
info@rl-legal.com; or at:
http://rigrodskylong.com/investigations/apollo-education-group-inc-apol-investigation.
Attorney advertising. Prior results do not guarantee a similar
outcome.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20151112006747/en/
Rigrodsky & Long, P.A.Timothy J. MacFall, EsquirePeter
Allocco888-969-4242516-683-3516Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
Apollo Education Group, Inc. (NASDAQ:APOL)
Historical Stock Chart
From Aug 2024 to Sep 2024
Apollo Education Group, Inc. (NASDAQ:APOL)
Historical Stock Chart
From Sep 2023 to Sep 2024