APO Shareholders - Lead Plaintiff Deadline: May 01, 2026

Apollo Global Management, Inc. Class Action Lawsuit – APO

Introduction to Apollo Global Management, Inc. (APO) Securities Class Action Lawsuit

A securities fraud class action has been filed against Apollo Global Management, Inc. and certain executives in the U.S. District Court for the Southern District of New York, alleging violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5. The lawsuit covers the period from May 10, 2021 through February 21, 2026. Investors allege that Apollo Global Management, Inc. (NYSE: APO) and its leadership repeatedly assured the market that the firm never conducted business with Jeffrey Epstein, the convicted sex offender who died in 2019, an alleged misrepresentation under federal securities law. According to the complaint, media reports in February 2026 by the Financial Times and CNN about U.S. Department of Justice files revealed that Apollo executives, including CEO Marc Rowan, communicated with Jeffrey Epstein on sensitive Apollo business matters in the mid-2010s, and that Epstein obtained internal Apollo financial records and communicated with senior decision makers. As these revelations emerged through media reports, Apollo's stock price declined sharply, causing significant losses for investors, including over $12 billion in market value.

Apollo Global Management, Inc. (APO) Securities Lawsuit Case Details

Case Name: Solomon Feldman v. Apollo Global Management, et al.

Case No.: 1:26-cv-01692

Jurisdiction: U.S. District Court, Southern District of New York

Filed on: March 2, 2026

Apollo Global Management, Inc. (APO) Company Profile

Apollo Global describes itself as a high-growth, global alternative asset manager and a retirement services provider, with segments spanning Asset Management, Retirement Services, and Principal Investing, and an alternative investments focus in credit, private equity, infrastructure, and real estate. The company's common stock trades on the New York Stock Exchange under the ticker symbol APO (NYSE: APO).

Apollo Global Management, Inc. (APO) Securities Lawsuit Class Period

May 10, 2021 – February 21, 2026, inclusive.

Investors who purchased or otherwise acquired publicly traded Apollo Global securities on the NYSE during the Class Period and suffered damages may be eligible to join the Apollo Global Management, Inc. (APO) class action lawsuit.

Allegations in the Apollo Global Management, Inc. (APO) Securities Class Action Lawsuit

The complaint targets Apollo Global Management, Inc., CEO Marc Rowan, and former CEO and co-founder Leon Black for allegedly misleading investors about the firm's relationship with Jeffrey Epstein, including by making material misstatements and omissions under federal securities laws. During an October 30, 2020 earnings call, Gary Stein, Apollo's Head of Investor Relations, stated flatly that Apollo never did any business with Jeffrey Epstein, a representation investors allege was materially false and misleading.

These assurances continued into 2021 and formed part of Apollo's disclosure obligations to shareholders. On January 25, 2021, Apollo released findings from an investigation conducted by the law firm Dechert, which stated that Apollo never retained Epstein for any services and Epstein never invested in any Apollo-managed funds. When Apollo filed its first quarter 2021 Form 10-Q on May 11, 2021, the company declared that the Dechert report's findings were consistent with statements made by Black and Apollo regarding the prior relationship, reinforcing the company's no-business narrative.

According to the complaint, these statements were false because Rowan and Black, among other Apollo leadership figures, had frequent contact with Jeffrey Epstein in the 2010s regarding Apollo Global's business, including undisclosed business communications about sensitive corporate matters. Investors allege that Epstein received internal Apollo financial documents and regularly emailed, met with, and called some of the firm's most senior decision makers on sensitive matters, such as corporate structure issues, namely Apollo's tax affairs. The complaint alleges that because of this entanglement between Apollo's leaders and Epstein, the harm to Apollo's reputation was more than a mere possibility, and the company's statements about its business, operations, and prospects were materially false and misleading, artificially inflating the price of APO securities during the Class Period.

The Truth Emerges

The alleged deception began to unravel in February 2026 when files released by the U.S. Department of Justice, drawn from DOJ document productions referenced by media outlets, revealed the extent of Apollo executives' communications with Epstein. On February 1, 2026, the Financial Times published an article titled "Apollo chief Marc Rowan consulted Epstein on firm's tax affairs," reporting that Epstein had requested and received internal Apollo financial documents and had ongoing contact with senior decision makers, contradicting Apollo's prior no-business assertions. The article revealed that Rowan repeatedly corresponded with Epstein over Apollo's tax receivable agreement, a sensitive tax arrangement affecting Apollo's tax liabilities and was involved in discussions about a possible tax inversion deal with Rowan telling Epstein in one email, "I am getting the calculation detail."

The scrutiny intensified when the Financial Times reported on February 17, 2026 that the American Federation of Teachers and American Association of University Professors had urged the SEC to investigate Apollo, arguing that the firm's communications to investors gave an inaccurate and incomplete picture of the alleged disclosure violations and material omissions of its connections to Epstein. On February 21, 2026, CNN published an article titled "How Wall Street's Apollo got tangled up again in the Epstein files," which repeated the Financial Times revelations and included criticism questioning why Rowan's meetings and correspondence with Epstein had not been previously disclosed, amplifying the reputational risk to the alternative asset manager.

Market Reaction

Apollo's stock price suffered a series of declines as the revelations emerged. On February 2, 2026, following the initial Financial Times article about Rowan's consultations with Epstein, Apollo shares fell $1.35 to close at $133.19. The decline continued the next day, with shares dropping an additional $6.34 to close at $126.85 on February 3, 2026 (approximately 5.7% over two trading days). After the February 17, 2026 Financial Times article about the SEC investigation request, Apollo's stock fell $6.81 over two trading days, dropping from a close of $125.15 on February 17 to $118.34 on February 19, 2026 (about 5.4% over two days). Following the February 21, 2026 CNN article, shares declined another $5.99, approximately 5%, closing at $113.73 on February 23, 2026, bringing the cumulative decline to approximately 16%.

Next Steps

●      The Court will issue its order for lead plaintiff and counsel in the weeks after submissions are due.

●      The Court will then consider motion for class certification.

●      The Court will later consider a Motion to Dismiss.

Disclaimer: This shareholder alert is for informational purposes only and does not constitute legal advice. Consult a qualified attorney for personalized guidance. No specific outcomes are guaranteed.

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Certification of Plaintiff Pursuant to Federal Securities Laws

I, duly certify and say, as to the claims asserted under the federal securities laws, that:

  1. I have reviewed a complaint filed in the action.
  2. I did not purchase the security that is the subject of this action at the direction of plaintiff's counsel or in order to participate in this action.
  3. I am willing to serve as a representative party on behalf of the class, including providing testimony at deposition and trial, if necessary.
  4. My transaction(s) in Apollo Global management, Inc. which are the subject of this litigation during the class period set forth in the complaint are set forth in the chart attached hereto.
  5. Within the last 3 years,
  6. I will not accept any payment for serving as a representative party on behalf of the class beyond the Plaintiff's pro rata share of any recovery, except as ordered or approved by the court, including any award for reasonable costs and expenses (including lost wages) directly relating to the representation of the class.

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Signed pursuant to California Civil Code Section 1633.1, et seq. - and the Uniform Electronic Transactions Act as adopted by the various states and territories of the United States.

By your signature above, you confirm that have retained Levi & Korsinsky, LLP to represent you and the shareholder class as a lead plaintiff in the pending class action against Apollo Global management, Inc. This representation will be on a contingency basis, meaning that Levi & Korsinsky will advance all expenses in the litigation and will only seek compensation and/or reimbursement of expenses if the firm obtains a recovery. Regardless of the result, we will never ask you to directly pay for any attorneys’ fees, expenses, or costs. Should we obtain a favorable result, we may ask the court to award us compensation and reimbursement of expenses to be paid by the defendants or as a portion of any class recovery. In exchange for our representation, you agree to cooperate as our client by providing, for example, relevant documents and deposition testimony, if necessary. During the course of this litigation, we may employ and/or work with other law firms, experts, and third-parties to successfully prosecute this action. If you are not appointed as the lead plaintiff or Levi & Korsinsky is not appointed as lead counsel, we will notify you of such decision at which time this representation will end unless otherwise extended by you and the firm. We look forward to working with you towards a successful resolution of this action.

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