$280-Million Judgment Against U. of Phoenix’s Parent Company Is Reinstated

The Apollo Group is back on the hook to pay $280-million to investors who accused the company of failing to disclose information about a government challenge to recruiting practices at the University of Phoenix, one of its subsidiaries. A 2008 jury verdict ordering the payment, which had been overturned, was reinstated by a federal appeals court on Wednesday. Apollo officials, who announced the decision in a press release, said they would pursue “all available options” to have the decision by a three-judge panel of the U.S. Court of Appeals for the Ninth Circuit reversed.