SOURCE: Kahn Swick & Foti, LLC

April 01, 2016 22:03 ET

The Former Attorney General of Louisiana & Kahn Swick & Foti, LLC Remind Large Investors of Lead Plaintiff Deadline in Class Action Lawsuit Against Apollo Education Group, Inc. - APOL

NEW ORLEANS, LA--(Marketwired - April 01, 2016) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 13, 2016 to file lead plaintiff applications in a securities class action lawsuit against Apollo Education Group, Inc. (NASDAQ: APOL), if they purchased the Company's securities between June 26, 2013 and October 21, 2015, inclusive (the "Class Period"). This action is pending in the United States District Court for the District of Arizona.

What You May Do

If you purchased shares of Apollo and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by May 13, 2016.

About the Lawsuit

Apollo and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. 

The complaint alleges that throughout the Class Period, Apollo engaged in improperly aggressive recruiting tactics on military bases that contradicted an Executive Order and the express terms of Apollo's contracts with the Department of Defense regarding tuition assistance programs, which eventually resulted in Apollo being put on probation by the Department of Defense. Apollo also purportedly failed to disclose that its efforts to transition to a new online classroom platform were failing due to software compatibility problems, negatively impacting retention rates and new student enrollment. 

About Kahn Swick & Foti, LLC

KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact Information

  • Contact:
    Kahn Swick & Foti, LLC
    Lewis Kahn, Managing Partner
    lewis.kahn@ksfcounsel.com
    1-877-515-1850
    206 Covington St.
    Madisonville, LA 70447