UPDATED: Harwood Feffer LLP Announces Investigation of Apollo Education Group, Inc.
NEW YORK, July 16, 2014 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against Apollo Education Group, Inc. ("Apollo" or the "Company") (NASDAQ: APOL) and its board of directors concerning whether the board has breached its fiduciary duties to shareholders or violated the federal securities laws.
On April 1, 2014, Apollo disclosed that its largest brand of schools, University of Phoenix, had received a subpoena from the Office of the Inspector General of the U.S. Department of Education (the "DOE"). The subject matter of the investigation appears to be Apollo's compliance with Title IV student loan eligibility requirements.
On July 14, 2014, Apollo disclosed that the DOE has placed the course program of the administration of federal student aid programs at the Company's University of Phoenix brand under review.
If you own Apollo shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP