Apollo Education Group Securities Litigation

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Apollo Education Group Securities Litigation
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The information contained on this web page is only a summary of information presented in more detail in the Notice of (I) Pendency of Class Action and Proposed Settlement; (II) Settlement Fairness Hearing; and (III) Motion for an Award of Attorneys’ Fees and Reimbursement of Litigation Expenses (the “Notice”), which you can access by clicking here. Since this website is just a summary, you should review the Notice for additional details.

NOTICE OF PENDENCY OF CLASS ACTION: Please be advised that your rights may be affected by the above-captioned securities class action (the “Action”) pending in the United States District Court for the District of Arizona (the “Court”), if, during the period from November 13, 2013 through October 21, 2015, inclusive (the “Class Period”), you purchased or otherwise acquired the Class A common stock of Apollo Education Group, Inc. (“Apollo”) (NASDAQ ticker symbol APOL), and were damaged thereby.

NOTICE OF SETTLEMENT: Please also be advised that the Court-appointed Lead Plaintiff, Government of Guam Retirement Fund (“Lead Plaintiff”), on behalf of itself and the Settlement Class (as defined in ¶ 26 of the Notice), has reached a proposed settlement of the Action for $7,400,000 in cash that, if approved, will resolve all claims in the Action (the “Settlement”).


If you are a member of the Settlement Class, you are subject to the Settlement, unless you timely request to be excluded. The Settlement Class includes: All persons and entities who purchased or otherwise acquired Apollo Class A common stock during the period from November 13, 2013 through October 21, 2015, inclusive (the “Class Period”), and were damaged thereby.


Please read the Notice to fully understand your rights and options. Copies of the Notice and Claim Form can be found on the menu at the left of this page.

Payments to eligible claimants will be made only if the Court approves the Settlement and a plan of allocation, and only after any appeals are resolved, and after the completion of all claims processing. Please be patient, as this process will take some time to complete.

IMPORTANT DATES

July 19, 2019

Claim Filing Deadline. Claim Forms must be postmarked no later than July 19, 2019 to be eligible for a payment from the Settlement.

June 5, 2019

Exclusion Deadline. To exclude yourself from the Settlement Class, you must submit a written request for exclusion so that it is received no later than June 5, 2019, in accordance with the instructions in the Notice.

June 5, 2019

Objection Deadline. Any objections to the proposed Settlement, the proposed Plan of Allocation, and/or the request for attorneys’ fees and expenses, must be received no later than June 5, 2019, in accordance with the instructions in the Notice.

June 26, 2019 at 1:30 p.m.

The Settlement Hearing. The Settlement Hearing will be held on June 26, 2019 at 1:30 p.m., before the Honorable James A. Teilborg at the United States District Court for the District of Arizona, Courtroom 503 of the Sandra Day O’Connor U.S. Courthouse, 401 West Washington Street, Phoenix, AZ 85003. The Settlement Hearing will be held by the Court to consider the fairness, reasonableness, and adequacy of the proposed Settlement, the proposed Plan of Allocation, and the application by Lead Counsel for attorneys’ fees and litigation expenses.

DO NOTHING

If you are a member of the Settlement Class and you do not submit a valid Claim Form, you will not be eligible to receive any payment from the Settlement Fund.  You will, however, remain a member of the Settlement Class, which means that you give up your right to sue about the claims that are resolved by the Settlement and you will be bound by any judgments or orders entered by the Court in the Action.


Please read the Notice carefully. If you have questions, you may call the Apollo Education Group Securities Litigation Help Line at (866) 778-9625 or info@ApolloEducationGroupSecuritiesLitigation.com
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