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Haeggquist & Eck, LLP Is Investigating Claims Against Apollo Global Management, Inc.’s Directors and Officers for Breach of Fiduciary Duty

·2-min read

Haeggquist & Eck, LLP, a leading shareholder rights litigation firm, is investigating whether certain directors and officers of Apollo Global Management, Inc. ("Apollo") (NYSE: APO) breached their fiduciary duties to Apollo and its shareholders. If you are an Apollo shareholder, you are encouraged to contact Amber Eck at Haeggquist & Eck for additional information.

Haeggquist & Eck is investigating whether members of Apollo’s Board of Directors failed to manage Apollo in an acceptable manner, in breach of their fiduciary duties to Apollo, and whether Apollo has suffered damages as a result.

Apollo is a global alternative investment management firm specializing in investing across credit, private equity, and real assets. Companies Apollo has an investment in include ADT, CareerBuilder, Cox Media Group, Intrado, Rackspace, Redbox, Shutterfly, and Smart & Final. Apollo was founded in 1990 by Leon Black and others, and is headquartered in New York City, with offices across North America, Europe, and Asia.

On October 12, 2020, The New York Times reported that Apollo’s CEO, Leon Black, had misrepresented to Apollo investors the extent of his relationship with convicted sex offender Jeffrey Epstein, who was indicted in 2019 on federal sex-trafficking charges involving underage girls. Apollo CEO Black paid Epstein at least $50 million in the years after Epstein was convicted in 2008 of soliciting prostitution from a teenage girl, according to The Times.

On January 25, 2021, Apollo announced that Leon Black would step down as CEO but would remain on the Board.

What You Can Do

If you are an Apollo shareholder, you may have legal claims against its directors and officers. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Amber Eck at 619-342-8000 or e-mail her at ambere@haelaw.com. There is no cost or obligation to you.

Haeggquist & Eck, LLP is a nationally recognized leader in shareholder rights law. The firm represents individual investors in shareholder derivative lawsuits, and members of the firm have helped shareholders recover more than $1 billion of value for themselves and the companies in which they have invested.

This release constitutes attorney advertising. Past results do not guarantee a similar outcome.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210127005910/en/

Contacts

Haeggquist & Eck, LLP
619-342-8000
Amber Eck, ambere@haelaw.com