Inside Higher Ed: Legal Win for Apollo
The week appears to be a good one for the Apollo Group, the parent company of the University of Phoenix. A federal judge has thrown out a $277 million jury verdict that found that the company had violated securities law and investors’ rights by not disclosing a harshly critical report by the U.S. Education Department. Apollo officials said that they were not required to disclose the report because they were contesting its findings. In addition to the legal win, Apollo is making progress on its international expansion goals.
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