February 24, 2015
The corporation behind the for-profit University of Phoenix has asked an Arizona federal judge to approve a $13.1 million settlement in a class action accusing top executives of illegally reaping millions of dollars by backdating stock options, marking the end of a seven-year legal battle.
April 05, 2011
An Arizona federal judge on Thursday dismissed with prejudice a twice-amended proposed class action claiming top brass at Apollo Group Inc., which runs the for-profit University of Phoenix, illegally backdated stock option grants going back more than a decade.