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GPM Announces Investigation of Apollo Education Group, Inc.

2015-10-09 16:04 ET - News Release


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.

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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