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.
‘Enforcement 40’ for 2020
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