Levi & Korsinsky announces that a class action lawsuit has been
commenced in the United States District Court for the District of
Arizona on behalf of investors who purchased Apollo Education Group,
Inc. ("Apollo" or the "Company") (NasdaqGS:APOL) securities between
October 11, 2011 and April 1, 2014.
For more information, click here: http://zlk.9nl.com/apollo-education-group-apol.
The complaint alleges that the Company made false and/or misleading
statements and/or failed to disclose that: (a) the Company manipulated
federal student loan and grant programs to appear to comply with new
federal regulations enacted as of June 2011; (b) the Company employed
deeptive recruiting practices that were in violation of newly enacted
federal regulations; (c) the Company engaged in numerous practices,
including loan forbearance programs, in an attempt to appear compliant
with relevant government regulations.
On July 30, 2012, Senator Tom Harkin, chairman of the Health, Education,
Labor and Pensions Committee issued a report that contained troubling
statistics and findings, some specifically about Apollo. As a result,
Apollo's shares fell 4.1% or $1.17, to close at $27.22 on July 30, 2012.
On April 1, 2014, Apollo disclosed that the Department of Education is
conducting an investigation into the Company. On this news, Apollo
shares dropped $3.10 to close at $32.06 per share on April 2, 2014.
If you suffered a loss in Apollo you have until June 23, 2014 to request
that the Court appoint you as lead plaintiff. Your ability to share in
any recovery doesn't require that you serve as a lead plaintiff. To
obtain additional information, contact Joseph E. Levi, Esq. either via
email at firstname.lastname@example.org or by
telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/apollo-education-grou-apol.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, Connecticut, and Washington D.C. The firm's 26 attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. Attorney advertising. Prior results
do not guarantee similar outcomes.
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