Apollo Group Settles Shareholder Derivative Suits
The U.S. District Court for the District of Arizona and a Superior Court in Phoenix preliminarily approved the settlement on April 18 and April 28, respectively. The company, Apollo Group Inc., then announced the settlement Friday in a filing with the U.S. Securities and Exchange Commission.
Under the terms of the settlement, Apollo will reprice 413,000 outstanding stock options held...
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