Apollo Group

Apollo Group, Inc. Securities Litigation

Case Summary

On August 4, 2008, District Court Judge James A. Teilborg ruled in favor of Apollo Group on its post-trial motion for judgment as a matter of law, overturning the previous jury verdict of January 16, 2008. Click here for the Court’s Order. Click here for Apollo Group’s press release.

For an overview of Apollo Group’s post-trial motions, click here.

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Court Orders, Opinions and Filings


Below are select court orders, opinions and filings for easy reference. The complete court docket is available through the US District Court for the District of Arizona.

U.S. District Court for District of Arizona Overturns Jury Verdict, Rules in Favor of Apollo Group.
August 4, 2008: District Court Order PDF 73KB

Apollo Group, Inc. Asks U.S. District Court for District of Arizona to Enter Verdict in its Favor or Grant a New Trial
March 10, 2008: Defendants’ Reply in Support of Motion for Judgment as a Matter of Law PDF 154KB
Defendants’ Reply in Support of Motion for New Trial PDF 113KB
Defendants’ Reply in Support of Motion for Remittitur PDF 68KB
February 13, 2008: Defendants’ Motion for Judgment as a Matter of Law PDF 119KB
Defendants’ Motion for New Trial PDF163KB
Defendants’ Motion for Remittitur PDF 48KB


February 13, 2008:

Order Granting Defendants’ Motion for Stay of Execution of Judgment Pending Post-trial Motions
PDF 36KB
February 1, 2008: Defendants’ Motion for Stay of Execution of Judgment Pending Post-Trial Motions PDF 69KB
January 30, 2008: Judgment PDF 36KB

January 16, 2008:

Verdict
PDF 148KB

October 29, 2007:

Joint Description of the Case
PDF 136KB

Apollo Group, Inc. Seeks Summary Judgment from United States District Court for District of Arizona
September 11, 2007: Order Denying Both Parties' Motions for Summary Judgment PDF 64KB
March 9, 2007: Defendants’ Motion for Summary Judgment, or Alternatively, for Summary Adjudication; Memorandum of Points and Authorities in Support PDF 568KB
March 9, 2007: Defendants’ Statement of Undisputed Material Facts in Support of Motion for Summary Judgment PDF 2.9MB

U.S. District Court for District of Columbia Recognizes Work Papers for Preliminary Program Review Report are Relevant to Apollo Group’s Defense and Orders U.S. Department of Education to Produce Privilege Log to Assess Claims of Privilege
March 12, 2007: Order Compelling Production of Privilege Log PDF 788KB

Apollo Group, Inc. Asks United States District Court for District of Columbia for Order Compelling U.S. Department of Education to Produce Underlying Work Papers for Flawed Program Review Report
January 26, 2007: Reply Brief in Support of Apollo’s Motion to Compel Production of Documents from United States Department of Education PDF 60KB
December 18, 2006: Defendant Apollo Group, Inc.’s Motion to Compel Production of Documents From United States Department of Education PDF 1.1MB
July 3, 2006: Notice of Third-party Subpoena - United States Department of Education PDF 496KB

United States District Court for District of Arizona Allows Case to Proceed
October 18, 2005: Order Denying Motion to Dismiss and Granting in Part Request for Judicial Notice PDF 84KB

Apollo Group, Inc. Asks United States District Court for District of Arizona to Dismiss Baseless Securities Fraud Allegations
July 25, 2005: Reply in Support of Defendants’ Motion to Dismiss Consolidated Class Action Complaint; Memorandum of Points and Authorities in Support Thereof PDF 380KB
June 14, 2005: Defendants’ Motion to Dismiss Consolidated Class Action Complaint; Memorandum of Points and Authorities in Support Thereof; Request for Judicial Notice PDF 2.7MB

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Background

 
Arizona State Board of Private Postsecondary Education Verifies University of Phoenix's Compliance with Statute and Rule and Dismisses Complaint
June 1, 2005: Letter of Complaint Dismissal PDF 20KB
March 30, 2005: Investigative Report PDF 76KB
 
University of Phoenix and U.S. Department of Education Resolve Flawed Program Review Report with Terms Constituting Implicit Rejection of Report's Allegations
September 7, 2004: Settlement Agreement PDF 172KB
For more on the flawed program review report, click here.
 
Leading Accounting Firm Validates Compliance of University of Phoenix's Compensation System
March 22, 2004: Presentation Prepared for U.S. Department of Education POWER POINT 236KB
 
U.S. Department of Education Clarifies Incentive Compensation Standard
November 1, 2002: Federal Register PDF 256KB
August 8, 2002: Federal Register PDF 188KB
 
U.S. Department of Education Issues Policy Regarding Incentive Compensation Issues, Directing That They be Treated as Compliance Matters
October 2002: Memorandum from Department of Education Deputy Secretary PDF 88KB

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News


August 4, 2008:

Apollo Group Victorious in Securities Lawsuit

January 24, 2008:

Apollo Group, Inc. Provides Clarification in Regard to Recent Jury Verdict

January 16, 2008:

Statement on Shareholder Suit Verdict

March 12, 2007:

Statement on Order and Opinion on Motion to Compel Production of Documents from U.S. Department of Education

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Timeline of Key Events

For more information on the timeline of key events, click here. PDF 60KB

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Links

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© 2007 Apollo Group, Inc. All rights reserved.