APOLLO EDUCATION GROUP INC 8-K 2012
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): April 20, 2012
Apollo Group, Inc.
(Exact name of registrant as specified in its charter)
Registrants telephone number, including area code: (480) 966-5394
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Section 8 - Other Events
Item 8.01 Other Events.
U.S. District Court Approves Settlement of Securities Class Action Lawsuit (Policemans Annuity and Benefit Fund of Chicago)
On April 20, 2012, the U.S. District Court for the District of Arizona approved the settlement agreement relating to the securities class action lawsuit entitled, In re Apollo Group, Inc. Securities Litigation, Case No. CV04-2147-PHX-JAT, and entered an order of final judgment and dismissal. Under the settlement agreement, which had been approved by the court preliminarily on November 28, 2011, we are required to pay $145.0 million to the plaintiffs. This amount was deposited into a common fund account on December 5, 2011, and was presented as restricted funds held for legal matter on our Condensed Consolidated Balance Sheets as of February 29, 2012.
In connection with approval of the settlement agreement and the dismissal of the lawsuit, the Court also vacated the judgment in this case against Apollo Group and the individual defendants, which had been entered by the Court on April 6, 2011.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.