Tag Archives: Apollo Group trial

U.S. Supreme Court Denies Cert in Apollo Group Securities Suit, Allowing Plaintiffs’ $277.5 Million Jury Verdict to Stand

On March 7, 2011, in the latest development in a long-running securities suit that is among the few securities class action lawsuits to go to trial and that had previously resulted in a $277.5 verdict in plaintiffs’ favor, the U.S. Supreme Court denied Apollo Group’s petition for writ of certiorari. As a result, the ruling … Continue Reading

Ninth Circuit Reverses Apollo Group Securities Lawsuit Post-Trial Ruling, Reinstates $277.5 Jury Verdict

In a terse June 23, 2010 ruling (here), the Ninth Circuit reversed the district court’s post-trial ruling that set aside the $277.5 million jury verdict in the Apollo Group securities class action lawsuit, and remanded the case for "entry of judgment in accordance with the jury’s verdict."   Background Apollo Group is the parent of … Continue Reading