NEW YORK, March 8, 2016 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Apollo Education Group, Inc. ("Apollo" or the "Company") (NASDAQ: APOL). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether Apollo and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On February 5, 2016, Apollo disclosed receipt of a second subpoena from the California attorney general's office, calling for documents "relating to marketing, recruiting, compensation of enrollment advisors, complaints, financial aid, compliance, accreditation, other governmental investigations, private litigation and other matters, as well as additional information relating to marketing and services to members and former members of the U.S. military and California National Guard" going back to July 1, 2010. In July 2015, the U.S. Federal Trade Commission also required the Company to produce documents concerning its business practices.
Apollo's stock has fallen 32% year to date and is down approximately 62% over the past 12 months.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
SOURCE Pomerantz LLP