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Apollo Education Group, Inc. Message Board

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  • dontdropyourlunch dontdropyourlunch Sep 5, 2003 11:19 AM Flag

    Who the hell is Qui Tam?

    If you see apol moving down sometime in the future in a nice managed looking way and then sometime later UBS downgrades apol, you will know that UBS has stopped supporting the share price the way UBS has been doing in the past.

    "Apollo Group comments on 'whistle blower' suit (APOL) 64.19: Last night, co reported that the U.S. government has decided that it will not intervene in a qui tam action filed against the co that alleges University of Phoenix (UOPX) knowingly submitted false or fraudulent claims for payment or approval. In a note this morning, UBS says that while it doubts this action will have any material impact on Apollo's fundamentals, firm expects it will lead to an overhang in the near-term."

9.065+0.045(+0.50%)12:09 PMEDT