An investigation on behalf of investors in Apollo Education Group Inc (NASDAQ:APOL) shares over potential wrongdoing at Apollo Education Group Inc was announced and NASDAQ:APOL stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 01/06/2016 -- An investigation for shareholders in Apollo Education Group Inc (NASDAQ:APOL) was announced over potential breaches of fiduciary duties by certain directors at Apollo Education Group Inc.
Investors who purchased shares of Apollo Education Group Inc (NASDAQ:APOL) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm concerns whether certain Apollo Education Group directors breached their fiduciary duties and caused damage to the company and its shareholders.
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.
On October 22, 2015, Apollo Education Group Inc reported a fiscal fourth-quarter loss of $18.5 million, after reporting a profit in the same period a year earlier. 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.
Those who purchased shares of Apollo Education Group Inc (NASDAQ:APOL) have certain options and should contact the Shareholders Foundation.
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