Apollo Group Inc. Announces Dismissal of Qui Tam Lawsuit.Business Editors/Education Writers PHOENIX--(BUSINESS WIRE)--Feb. 27, 2004 Apollo Group Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : APOL APOL Asia Pacific Online APOL Alternate Person on Line ) (NASDAQ: UOPX UOPX University of Phoenix ) learned today that on Feb. 19, 2004, the U.S. District Court for the Eastern District of California granted our motion to dismiss the previously disclosed qui tam action qui tam action (kwee tam) n. Latin for who as well, a lawsuit brought by a private citizen (popularly called a "whistle blower") against a person or company who is believed to have violated the law in the performance of a contract with the government or in violation . The qui tam action was brought by two of our current employees on behalf of themselves and the federal government and alleged that we improperly compensate our employees who are involved in the recruitment of new students. The government declined to intervene in the lawsuit. Todd S. Nelson, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , said, "Although we had expected the dismissal of the qui tam lawsuit, we were very pleased to obtain this ruling." Apollo Group Inc. has been providing higher education programs to working adults for more than 25 years. Apollo Group Inc. operated through its subsidiaries The University of Phoenix Inc., Institute for Professional Development, The College for Financial Planning Institutes Corp. and Western International University Inc. The consolidated enrollment in its educational programs makes it the largest private institution of higher education in the United States Higher education in the United States refers to colleges and universities within the United States. Overview The American university system, like the American educational system in general, is highly decentralized because the U.S. . It offers educational programs and services at 74 campuses and 122 learning centers in 38 states, Puerto Rico and Vancouver, British Columbia. Combined degree enrollment was 211,300 students as of Nov. 30, 2003. For more information about Apollo Group Inc. and its subsidiaries, call 800-990-APOL or visit Apollo on the World Wide Web at http://www.apollogrp.edu. |
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