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GPM Reminds Investors of the May 13 Deadline in the Class Action Lawsuit Against Apollo Education Group, Inc. and Encourages Investors to Contact the Firm

May 10, 2016 1:08 PM EDT

LOS ANGELES--(BUSINESS WIRE)-- Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming May 13, 2016 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Apollo Education Group, Inc. (“Apollo” or the “Company”) (NASDAQ: APOL) securities between June 26, 2013 and October 21, 2015, inclusive (the “Class Period”). Apollo investors have until May 13, 2016 to file a lead plaintiff motion.

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. The complaint further alleges that Apollo’s recruiting practices directly contradicted an Executive Order signed into law by President Barrack Obama on April 27, 2012. Apollo's improperly aggressive recruiting tactics also allegedly violated the express terms of the contractual agreements the Company had entered into with the U.S. Department of Defense ("DoD") in February 2012 and July 2014 to permit the University of Phoenix to continue to participate in the DoD's tuition assistance programs. And, upon disclosure of issues relating to Apollo’s continued participation in the DoD’s tuition program, the Company’s shares declined in value.

If you purchased Apollo shares, you may move the Court no later than May 13, 2016 to request appointment as lead plaintiff. To be a member of the class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Glancy Prongay & Murray LLP, Los Angeles
Lesley Portnoy, 310-201-9150 or 888-773-9224
[email protected]
www.glancylaw.com

Source: Glancy Prongay & Murray LLP



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