Bragar Eagel & Squire, P.C. Is Investigating the Officers and Directors of Apollo Education Group, Inc. on Behalf of Stockholders
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NEW YORK--(BUSINESS WIRE)-- Bragar Eagel & Squire, P.C. is investigating potential claims on behalf of Apollo Education Group, Inc. (NASDAQ: APOL) investors concerning whether the company’s officers and board of directors violated the federal securities laws or breached their fiduciary duties.
On October 9, 2015, the U.S. Department of Defense (“DoD”) reported that it had placed Apollo Education’s wholly-owned subsidiary University of Phoenix, Inc. under probationary status and advised that the DoD might terminate the company’s ability to provide services to the U.S. military. Then, on October 22, 2015 Apollo Education reported a fiscal fourth-quarter loss of $18.5 million, after reporting a profit in the same period a year earlier.
Following this news, Apollo Education’s stock fell $3.41, or over 32%, to close at $7.19 per share on October 22, 2015.
If you purchased Apollo Education securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact J. Brandon Walker, Esq. by email at [email protected], or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information, please go to www.bespc.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151110007024/en/
Bragar Eagel & Squire, P.C.
J. Brandon Walker, Esq.,
212-355-4648
[email protected]
Source: Bragar Eagel & Squire, P.C.
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