Apollo Group, Inc. - Securities Class Action

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Apollo Group, Inc. Summary: According to a press release dated August 16, 2010, the Complaint alleges that despite extensive positive statements by defendants in press releases and SEC filings during the Class Period regarding the Company's operational performance and future growth projections, these statements were false because: (1) defendants had propped up the Company's results by fraudulently inducing students to enroll in APOL'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, which also had the effect of artificially inflating the Company's reported results and future growth prospects; and (3) APOL did not maintain adequate systems of internal operational or financial controls, which would have permitted APOL's reported operational statements and foreseeable growth prospects to be true, accurate or reliable.

It was only on August 3, 2010 that investors finally began to learn the truth about APOL after the United States General Accounting Office ("GAO") issued a report that concluded that for-profit educational institutions like APOL had engaged in an illegal and fraudulent course of action designed to recruit students and over-charge the federal government for the cost of such education. Following these disclosures, shares of the Company declined precipitously over just a few trading days -- falling almost 10% between August 3 and August 5, 2010, on unusually high trading volume, thereby eradicating over $684.53 million of the Company's market capitalization in only four trading days.

On November 23, 2010, an Order Consolidating Cases, Appointing Lead Plaintiff, and Approving Lead Plaintiffs’ Selection Of Counsel was issued by the Court.

On February 18, 2011, the lead plaintiff filed an Amended Complaint [Consolidated Class Action Complaint] against the defendants.

On April 13, 2011, the case was reassigned to the Honorable James A. Teilborg.

INDUSTRY CLASSIFICATION:
SIC Code: 8200
Sector: Services
Industry: Schools

COMPANY/ISSUER NAME:	Apollo Group, Inc.
COMPANY/ISSUER TICKER:	APOL
COMPANY WEBSITE:	www.apollogrp.edu

FIRST IDENTIFIED COMPLAINT IN THE DATABASE

Douglas N. Gaer , et al. v. Apollo Group, Inc., et al.

COURT: D. Arizona	DOCKET NUMBER: 10-CV-01735
JUDGE NAME: Hon. Michelle H Burns
DATE FILED: 08/13/2010	SOURCE:
CLASS PERIOD START: 12/07/2009	CLASS PERIOD END: 08/03/2010
TYPE OF COMPLAINT: Complaint (Unamended and Unconsolidated)
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Kahn Swick & Foti, LLC (Madisonville) 206 Covington Street, Madisonville, LA, 70447 (voice) (504) 455-1400, (fax) (504) 455-1498, Kahn Swick & Foti, LLC (Updated New York) 500 Fifth Avenue, Ste. 1810, New York, NY, 10110 (voice) 212.696.3730, (fax) 504.455-1498, Martin & Bonnett, P.L.L.C. 1850 N. Central Avenue, Suite 2010, Phoenix, AZ, 85004 (voice) 602.240.6900, (fax) 602.240.6900, _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 3

DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT
Class Action Complaint for Violations of the Federal Securities Laws
Type: Complaint		Date on the document: 08/13/2010
Order Consolidating Cases, Appointing Lead Plaintiff, And Approving Lead Plaintiffs' Selection Of Counsel
Type: Order of Consolidation		Date on the document: 11/24/2010
U.S. District Court Civil Docket
Type: Docket		Date on the document: 11/24/2010

REFERENCE COMPLAINT

In re Apollo Group, Inc. Securities Litigation

COURT: D. Arizona	DOCKET NUMBER: 10-CV-01735
JUDGE NAME:
DATE FILED: 02/18/2011	SOURCE:
CLASS PERIOD START: 05/21/2007	CLASS PERIOD END: 10/13/2010
TYPE OF COMPLAINT: First Consolidated
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Berger & Montague PC 1622 Locust Street, Philadelphia, PA, 19103 (voice) 800.424.6690, (fax) 215.875.4604, investorprotect@bm.net _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 1

DOCUMENTS FOR THE REFERENCE COMPLAINT
Consolidated Class Action Complaint
Type: Complaint		Date on the document: 02/18/2011
U.S. District Court Civil Docket
Type: Docket		Date on the document: 02/18/2011
0rder
Type: Order		Date on the document: 04/13/2011
U.S. District Court Civil Docket
Type: Docket		Date on the document: 04/14/2011
U.S. District Court Civil Docket
Type: Docket		Date on the document: 04/25/2011
Amended Consolidated Class Action Complaint
Type: Other		Date on the document: 12/06/2011
U.S. District Court Civil Docket
Type: Docket		Date on the document: 12/06/2011

OTHER DOCUMENTS

Case Name and/or Number:
Type:		Date on the document:

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