LOS ANGELES -- (Business Wire)
Glancy Prongay & Murray LLP (“GPM”) announces that it is investigating
potential claims on behalf of investors of Apollo Education Group, Inc.
(“Apollo Education” or the “Company”) (NASDAQ:APOL) securities. The
investigation focuses on whether the Company and its officers violated
securities laws by issuing misleading information to investors related
to the Company’s risks and liabilities and Apollo Education’s compliance
with applicable government standards.
On October 9, 2015, the Company reported that the U.S. Department of
Defense (“DoD”) had placed Apollo Education’s wholly-owned subsidiary
University of Phoenix, Inc. under probationary status and that the DoD
might terminate the Company’s ability to provide services to the U.S.
military. The Company further stated that the DoD placed the Company on
probationary status due to the University of Phoenix’s marketing
practices, and that a further investigation is underway by the U.S.
Federal Trade Commission and California Attorney General into the
Company’s business practices. On this news shares of Apollo Education
declined sharply in value, falling $1.09 per share, or nearly 9%, during
intra-day trading on October 9, 2015.
If you purchased or otherwise acquired 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 Lesley Portnoy, Esquire, of
GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067
at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com,
or visit our website at http://www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151009005914/en/
Contacts:
Glancy Prongay & Murray LLP, Los Angeles
Lesley Portnoy,
310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com
Source: Glancy Prongay & Murray LLP
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