In January, Philadelphia-based national class action firm Barrack Rodos & Bacine helped a class of investors win a $277 million verdict awarded by a jury that said Phoenix-based for-profit corporation Apollo Group Inc. had misled investors. Now, a little over six months later, a Phoenix federal district court has thrown out the verdict, which was believed to have been the largest in a securities class action case since the Private Securities Litigation Reform Act was passed in 1995.
August 13, 2008 at 05:25 AM
1 minute read
The original version of this story was published on Law.Com
What began as a banner year for Philadelphia-based national class action firm Barrack Rodos & Bacine has taken a bit of a downturn.
In January, the firm helped a class of investors win a $277 million verdict awarded by a jury that said Phoenix-based for-profit corporation Apollo Group Inc. had misled investors.
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