The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Business Wire

Law Offices of Howard G. Smith Announces Class Action Lawsuit Against Apollo Group, Inc.

Thursday, August 19, 2010

Law Offices of Howard G. Smith Announces Class Action Lawsuit Against Apollo Group, Inc.20:30 EDT Thursday, August 19, 2010 BENSALEM, Pa. (Business Wire) -- Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of all persons or entities who purchased the common stock of Apollo Group, Inc. (“Apollo” or the “Company”) (NASDAQ:APOL) between December 7, 2009 and August 3, 2010, inclusive (the “Class Period”). The class action lawsuit was filed in the United States District Court for the District of Arizona. Apollo, together with its subsidiaries, provides various educational programs and services at the undergraduate, graduate and doctoral levels. The Complaint alleges that the defendants violated federal securities laws by issuing material misrepresentations to the market concerning the Company's business, operations and financial prospects, thereby artificially inflating the price of Apollo securities. No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased Apollo common stock between December 7, 2009 and August 3, 2010, you have certain rights, and have until October 15, 2010, to move for lead plaintiff status. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215)638-4847, Toll-Free at (888)638-4847, by email to howardsmith@howardsmithlaw.com or visit our website at www.howardsmithlaw.com.