|By PR Newswire||
|April 2, 2014 04:05 PM EDT||
NEW YORK, April 2, 2014 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Apollo Group Education Group, Inc.("Apollo" or the "Company") (NasdaqGS: APOL -News). The investigation focuses on whether the Company and its executives violated federal securities laws.
On April 2, 2014, shares of Apollo fell $3.10 or 8.82% during intraday trading to trade at $32.06 after the Company disclosed in a regulatory filing that "On March 21, 2014, University of Phoenix received a subpoena from the Mid-Atlantic Region of the [Office of the Inspector General of the U.S. Department of Education] ("OIG"). The subpoena seeks the production by the University of documents and detailed information regarding a broad spectrum of the activities conducted in the University's Centralized Service Center for the Northeast Region located in Columbia, Maryland, for the time period of January 1, 2007 to the present, including information relating to marketing, recruitment, enrollment, financial aid processing, fraud prevention, student retention, personnel training, attendance, academic grading and other matters."
If you are aware of any facts relating to this investigation, or purchased shares of Apollo you can assist this investigation by contacting either Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected]. Those who inquire by e-mail are encouraged to include their mailing address and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
SOURCE Bronstein, Gewirtz & Grossman, LLC