Apollo Group, Inc. Faces Shareholder Investigation

An analysis on account of investors of Apollo Group, Inc. (Public, NASDAQ:APOL) over accessible balance laws violations by Apollo Group, Inc. and others was announced.

Those who purchased Apollo Group, Inc. (Public, NASDAQ:APOL) shares and / or accept added advice apropos to the investigation, you should acquaintance the Shareholders Foundation, Inc at email: mail(at)shareholdersfoundation.com or at: +1 (858) 779 – 1554.
The analysis by a law close focuses on the afterward events. On October 27, 2009, afterwards the bazaar closed, Apollo Group, Inc appear its banking after-effects for the fourth division and year concluded August 31, 2009, including balance per allotment of $1.06 for the three months concluded August 31, 2009 excluding assertive appropriate items. In accession to advertence “[w]e are admiring to address addition division of accomplished banking and operating performance”, Apollo Group, Inc aswell appear that the U.S. Securities and Exchange Commission had amorphous an breezy delving into Apollo Group’s acquirement acceptance practices and declared as follows: “The Company appear that the Enforcement Division of the Securities and Exchange Commission (“SEC”) has commenced an breezy analysis into the Company’s acquirement acceptance practices. Based on the advice that has been appear to Apollo Group, the scope, continuance and aftereffect of the analysis cannot be bent at this time. The Company intends to abet absolutely with the SEC in affiliation with the inquiry.” On October 28, 2009, during morning trading, Apollo Group’s accepted banal APOL beneath by $12.06 per share, about 16.5%, from $72.97 per allotment to $60.91 per allotment on essentially greater than boilerplate volume.

Apollo Group, Inc., amid in Phoenix, Arizona, is a clandestine apprenticeship provider. The Company offers educational programs and casework both online and on-campus at the undergraduate, alum and doctoral levels through its wholly-owned subsidiaries. Apollo Group, Inc shares APOL traded afresh at $58.15 per share, down from its 52weekHigh of $90.00 per share. Apollo Group appear in 2007 Total Revenue of $2.72379billion with a Net Income of $408.81million. and in 2008 Total Revenue of $3.14093billion with a Net Income of $476.52million.