Securities Law Prof Blog

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Univ. of Toledo College of Law

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Thursday, January 17, 2008

University of Phoenix Owner Commits Securities Fraud

A jury decided that the Apollo Group, the owner of the for-profit University of Phoenix, committed securities fraud when it failed to disclose that a Dept. of Education report found that its student recruitment policies violated federal regulations.  The jury awarded investors $280 million.  NYTimes, Fraud by University Owner Is Found.

http://lawprofessors.typepad.com/securities/2008/01/university-of-p.html

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Comments

That it is why it is so important that start-up companies understand the importance of SEC compliance when it comes to risk disclosue.

Posted by: Jake Kennedy | May 7, 2008 8:57:13 AM

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