The Shareholders Foundation announces that an investigation on behalf of investors of Apollo Education Group Inc (NASDAQ:APOL) shares was announced over potential securities laws violations by Apollo Education Group and certain of its directors and officers.
Investors who purchased shares of Apollo Education Group Inc (NASDAQ:APOL) have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Apollo Education Group Inc (NASDAQ:APOL) concerning whether a series of statements by Apollo Education Group Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On April 1, 2014 after the market closed, Apollo Education Group Inc disclosed that on March 21, 2014, University of Phoenix received a subpoena from the Mid-Atlantic Region of the OIG. Apollo Education Group Inc said that the subpoena seeks the production by the University of documents and detailed information regarding a broad spectrum of the activities conducted in the University’s Centralized Service Center for the Northeast Region located in Columbia, Maryland, for the time period of January 1, 2007 to the present, including information relating to marketing, recruitment, enrollment, financial aid processing, fraud prevention, student retention, personnel training, attendance, academic grading and other matters.
Shares of Apollo Education Group Inc declined from $35.16 per share on April 1, 2014 to $26.59 per share on April 15, 2014.
Those who purchased shares of Apollo Education Group Inc (NASDAQ:APOL) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com