December 16, 2014 - The U.S. Court of Appeals for the Ninth Circuit ordered the judgment of the district court is affirmed and the case is dismissed.

July 20, 2012 - The lead plaintiffs filed a notice of appeal.

June 22, 2012 - The court granted the defendants' motion to dismiss and issued a judgment in favor of the defendants.

January 9, 2012 - The defendants filed a motion to dismiss.

December 6, 2011 - The lead plaintiffs filed an amended complaint.

October 27, 2011 - The court granted the defendants' motion to dismiss.

April 19, 2011 - The defendants filed a motion to dismiss.

February 18, 2011 - The lead plaintiffs filed a consolidated complaint on behalf of investors who purchased Apollo Group Inc (NASDAQ: APOL) common shares between May 21, 2007 and October 13, 2010. The lead plaintiffs allege that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between May 21, 2007 and October 13, 2010.

November 24, 2010 - The lead plaintiffs and lead counsel were appointed and all cases were consolidated.

October 15, 2010 - Lead plaintiff motions were filed.

August 13, 2010 - An Investor in shares of Apollo Group Inc (NASDAQ: APOL) filed a lawsuit in the U.S. District Court for the District of Arizona against Apollo Group Inc and certain of its officers over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between December 7, 2009 and August 3, 2010.

On August 4, 2010, the Senate Health, Education, Labor, and Pensions Committee conducted a hearing on for-profit education firms, where Government Accountability Office representative, George Kutz, presented the findings of report GAO-10-948T, For-Profit Colleges: Undercover Testing Finds Colleges Encouraged Fraud in Deceptive and Questionable Marketing Practices. The report detailed undercover investigations into 15 for-profit schools that uncovered misconduct by school staff.

According to this GAO study, the college personnel at schools may have encouraged applicants to falsify their financial aid forms to qualify for federal aid and pressured applicants to sign a contract for enrollment prior to allowing them to speak to a financial advisor. Apollo Groups’ Total Revenue went from $2.47753billion in 2006, to $2.72379billion in 2007, to $3.14093billion in 2008, and to $3.9742billion in 2009. Its Net Income rose from $414.83million in 2006 to $598.32million in 2009.

Shares of Apollo Group Inc (NASDAQ: APOL) traded recently at $40.36 per share, nearly half of its current 52weekHigh of $76.86 per share. During 2009 APOL share reached almost $90 per share. Apollo Group Inc, located in Phoenix, Arizona, is a private education provider. Apollo Group Inc offers educational programs and services both online and on-campus at the undergraduate, graduate and doctoral levels through its wholly-owned subsidiaries, The University of Phoenix Inc, Western International University, Inc, Institute for Professional Development, The College for Financial Planning Institutes Corporation, and Meritus University, Inc.