An investigation for investors in shares of Apollo Group Inc (NASDAQ:APOL) over potential wrongdoing by certain officers and directors of Apollo Group Inc was continues and NASDAQ:APOL stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com
San Diego, CA -- (SBWIRE) -- 10/22/2012 -- An investigation on behalf of investors in shares of Apollo Group Inc (NASDAQ:APOL) was announced concerning whether certain Apollo Group officers and directors possibly breached their fiduciary duties in connection with certain statements.
Investors who are current long term stockholders of shares of Apollo Group Inc (NAS6DAQ:APOL), including those who continuously hold NASDAQ:APOL for several years, have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Apollo Group officers and directors breached their fiduciary duties and caused damage to the company. and its shareholders by failing to implement adequate internal controls and misstating the company's financial results.
Shares of Apollo Group Inc (NASDAQ:APOL) declined from as high as $57.70 per share in January 2012 to $27.49 on October 16, 2012.
On October 16, 2012, after the market closed, Apollo Group Inc (NASDAQ:APOL) reported its First 2012 fourth and year-end results.
Apollo Group’s Total Revenue fell from over $4.92 billion for the 12 months period that ended on August 31, 2010 to over $4.25 billion for the 12 months period that ended on August 31, 2012 and its Net Income over the respective time periods decreased from $553.00 million to $422.68 million.
Furthermore, Apollo Group Inc (NASDAQ:APOL) issued its guidance for its FY 2013 and said it plans to close over 100 campuses and about 800 jobs.
Shares of Apollo Group Inc (NASDAQ:APOL) declined from $27.49 on October 16, 2012 to as low as $19.55 per share on October 19, 2012, which is significantly below its 52 week High of $58.29 per share.
Those who are current long term stockholders of shares of Apollo Group Inc (NASDAQ:APOL), have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com