| Company: | Apollo Group |
| Ticker Symbol: | APOL |
| Class Period: | Dec-7-09 to Aug-3-10 |
| Date Filed: | Aug-19-10 |
| Lead Plaintiff Deadline: | Oct-18-10 |
| Court: | District of Arizona |
| Allegations: | |
No class has yet been certified in the above action and members of the Class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff.
The Complaint alleges that despite extensive positive statements by defendants in press releases and SEC filings during the Class Period regarding Apollo's operational performance and future growth projections, these statements were false due to various factors as like:
1. Defendants had propped up the Company's results by fraudulently inducing students to enroll in Apollo's scholastic and educational programs and engaged in other manipulative recruiting tactics.
2. Defendants had materially overstated the Company's growth prospects by failing to properly disclose that defendants had engaged in illicit and improper recruiting activities.
3. Apollo did not maintain adequate systems of internal operational or financial controls.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
