Moore Law PLLC announced on April 19 that it is investigating potential claims against Apollo Global Management, Inc. following recent media reports alleging undisclosed connections between the firm and Jeffrey Epstein.
The investigation centers on whether Apollo Global Management and its leadership misled investors by stating they had no business dealings with Epstein, a convicted sex offender who died in 2019. According to the law firm, news stories published in February by the Financial Times and CNN revealed U.S. Department of Justice files showing that senior Apollo executives, including CEO Marc Rowan, communicated with Epstein about sensitive company matters during the mid-2010s. The reports also allege that Epstein obtained internal financial records from Apollo and interacted with key decision makers at the firm.
As these revelations became public through media coverage, Moore Law PLLC said that Apollo’s stock price experienced a sharp decline, resulting in investor losses exceeding $12 billion in market value. “The investigation involves allegations that Apollo Global Management, Inc. (NYSE: APO) and its leadership repeatedly assured the market that the firm never conducted business with Jeffrey Epstein… an alleged misrepresentation under federal securities law,” Moore Law PLLC said.
Investors who own shares of Apollo Global Management are encouraged to contact Fletcher Moore at Moore Law for further information about their rights and potential remedies. The law firm noted shareholders may be able to seek monetary damages or other relief without incurring fees or expenses.
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