An investigation for investors in Apollo Education Group Inc (NASDAQ:APOL) shares over potential securities laws violations by Apollo Education Group was announced and NASDAQ:APOL stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 11/02/2015 -- An investigation for shareholders in NASDAQ:APOL shares over potential securities laws violations by Apollo Education Group and certain of its directors and officers was announced.
Investors who purchased shares of Apollo Education Group Inc (NASDAQ:APOL), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation 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 regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Apollo Education Group Inc reported that its Total Revenue declined from over $3.63 billion for the 12 months period that ended on August 31, 2013 to over $3.02 billion for the 12 months period that ended on August 31, 2014 and that its Net Income for those respective time periods declined from $248.53 million to $209.30 million.
On October 9, 2015, Apollo Education Group Inc reported that the U.S. Department of Defense had placed Apollo Education's wholly-owned subsidiary University of Phoenix, Inc. under probationary status and that the Department of Defense might terminate the Company's ability to provide services to the U.S. military. The Company further stated that the Department of Defense placed the Company on probationary status due to the University of Phoenix's marketing practices, and that a further investigation is underway by the U.S. Federal Trade Commission and California Attorney General into the Company's business practices.
Shares of Apollo Education Group Inc (NASDAQ:APOL) declined from over $34 per share in late 2014 to as low as $6.83 per share on October 27, 2015.
On October 30, 2015, NASDAQ:APOL shares closed at $7.26 per share.
Those who purchased shares of Apollo Education Group Inc (NASDAQ:APOL) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com