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Levi & Korsinsky announces the filing of a class action lawsuit in the USDC for the District of Arizona on behalf of shareholders of Apollo Education Group, Inc. (“Apollo” or “the Company”) (NASDAQ: APOL) who purchased shares between June 26, 2013 and October 21, 2015.
The complaint alleges that throughout the Class Period, Apollo reported generating billions of dollars in revenues while concealing that a substantial portion of those revenues were being derived through improperly aggressive recruiting tactics being undertaken at U.S. military bases across the country that contradicted an Executive Order signed into law on April 27, 2012. These improperly aggressive recruiting tactics also allegedly violated the express terms of the contractual agreements Apollo had entered into with the U.S. Department of Defense in February 2012 and July 2014 to permit the University of Phoenix to continue participating in the Department of Defense’s tuition assistance programs.
If you suffered a loss in Apollo you have until May 13, 2016 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.
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