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Website. www.apollo.edu. Apollo Education Group, Inc. is an American corporation based in the South Phoenix area of Phoenix, Arizona, with an additional corporate office in Chicago, Illinois. [1] It is privately-owned by a consortium of investors including The Vistria Group, LLC and funds affiliated with Apollo Global Management, LLC.
Career Education was investigated by the United States Securities and Exchange Commission [22] for issues of non-compliance in 2005. On February 15, 2005, the company announced an adjustment related to an increase in the estimate for its allowance for doubtful accounts and a restatement for a change in revenue recognition method for its culinary and healthcare externships. [23]
The Securities Exchange Act of 1934 (commonly known as the "Exchange Act" or the "1934 Act") gives shareholders the right to bring a private action in federal court to recover damages the shareholder sustained as a result of securities fraud. The majority of securities fraud claims are brought pursuant to Section 10 (b) of the Exchange Act ...
Gregory W. Cappelli (born c. 1968 [1]) is an American business executive who specializes in national education policy. He is the CEO of Apollo Education Group, a Fortune 1000 company [2] [3] and the parent company of the University of Phoenix, as well as chairman of Apollo Global, [4] a subsidiary company that invests money in educational ...
John Glen Sperling (January 9, 1921 – August 22, 2014) was an American billionaire businessman who is credited with having led the contemporary for-profit education movement in the United States [1] The fortune he amassed was based on his founding of the for-profit University of Phoenix for working adults in 1976, which became part of the publicly traded Apollo Group.
Todd S. Nelson, who was previously the CEO of Apollo Education Group, became an EDMC board member in 2007 and the chairman of the board of directors in 2012. [ 55 ] In November 2014, EDMC was delisted from the NASDAQ amid financial difficulties, lawsuits, and investigations [ 56 ] and its stock was valued at less than one cent per share.
SEC Rule 10b-5, codified at 17 CFR 240.10b-5, is one of the most important rules targeting securities fraud in the United States. It was promulgated by the U.S. Securities and Exchange Commission (SEC), pursuant to its authority granted under § 10 (b) of the Securities Exchange Act of 1934. [1] The rule prohibits any act or omission resulting ...
Leon Black. Leon David Black (born July 31, 1951) [1] is an American private equity investor. He is the former CEO of Apollo Global Management, which he co-founded in 1990 with Marc Rowan and Josh Harris. [2] Black was the chairman of the Museum of Modern Art from 2018 to 2021. [3][4][5]