NEW ORLEANS, April 8, 2016 /PRNewswire/ -- 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. (NasdaqGS: 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:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
206 Covington St.
Madisonville, LA 70447
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SOURCE Kahn Swick & Foti, LLC