The Securities Arbitration Law Firm of Klayman & Toskes Launches an Investigation on Behalf of Apollo Group Shareholders Who ...
May 25 2011 - 1:20PM
Business Wire
The Securities Arbitration Law Firm of Klayman & Toskes
(“K&T”), www.nasd-law.com, announced today that it is
investigating potential claims on behalf of Apollo Group, Inc.
(NasdaqGS: APOL) shareholders who held concentrated positions in
Apollo Group stock with full-service Wall Street brokerage firms.
For the year 2010, Apollo Group declined 36% ending the year at
$39.49 per share. As a result, many Apollo Group shareholders who
held concentrated positions in Apollo Group sustained substantial
losses.
Unfortunately, many Apollo Group shareholders who held
concentrated positions in Apollo Group stock were never advised by
their full-service brokerage firms of the risks associated with
owning a concentrated account. Investors who held concentrated
positions on margin faced even greater risks. Additionally, despite
having a duty to do so, many firms failed to explain how the use of
risk management strategies, like a zero-cost collar, protective put
options, stop loss orders and/or an exchange fund, could have been
utilized to protect the concentrated Apollo Group stock
positions.
Apollo Group shareholders who sustained investment losses as a
result of holding a concentrated position in Apollo Group can
contact K&T to explore their legal rights and options. The
attorneys at K&T are dedicated to pursuing claims on behalf of
investors who have suffered investment losses. K&T, an
experienced, qualified and nationally recognized securities
litigation law firm, practices exclusively in the field of
securities arbitration and litigation. It continues its
representation of investors throughout the world in securities
arbitration and litigation matters against major Wall Street
brokerage firms.
If you wish to discuss this announcement or have investment
losses of $100,000 or more in Apollo Group stock, please contact
Steven D. Toskes, Esquire or Jahan K. Manasseh, Esquire of Klayman
& Toskes, P.A., at 888-997-9956 or visit us on the web at
http://www.nasd-law.com.
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