Apollo Group, Plaintiffs Lawyers Reach $145 Million Truce in Securities Class Action over University of Phoenix Student Recruitment

Seven years after shareholders first accused Apollo Group of misleading them about a government report on student recruitment practices at the Apollo-owned, for-profit University of Phoenix, the class action plaintiffs lawyers behind the litigation may finally see a payday. On Nov. 29 Phoenix federal district court judge James Teilborg preliminarily approved a $145 million settlement, with up to $48.3 million set aside for lead class counsel at Barrack Rodos & Bacine and other plaintiffs firms in the case.

Read more: Apollo Group, Plaintiffs Lawyers Reach $145 Million Truce in Securities Class Action over University of Phoenix Student Recruitment — AmLaw Litigation Daily