Apollo Management(US:APO) Businesswire·2026-03-10 00:00Core Viewpoint - Apollo Global Management, Inc. is facing a class action lawsuit due to alleged securities fraud related to its connections with Jeffrey Epstein, which has resulted in significant stock price declines during the class period from May 10, 2021, to February 21, 2026 [1] Summary by Relevant Sections Stock Price Impact - On February 1, 2026, Apollo's stock price fell by $7.89, or 5.7%, closing at $126.85 per share after revelations about CEO Marc Rowan's consultations with Epstein [1] - Following a February 17, 2026 article urging an SEC investigation, the stock dropped by $6.81, or 5.4%, to close at $118.34 per share [1] - On February 21, 2026, further negative coverage led to a decline of $5.99, or 5%, with the stock closing at $113.73 per share [1] Allegations in the Lawsuit - The lawsuit claims that Apollo's leadership made materially false and misleading statements regarding their business operations and connections to Epstein [1] - Specific allegations include the failure to disclose frequent communications between Apollo's leadership and Epstein, contradicting the company's assertion of no business dealings with him [1] - The lawsuit argues that the reputational harm from these connections was significant and that positive statements made by the company lacked a reasonable basis [1] Class Action Details - Investors who purchased Apollo securities during the class period are encouraged to file a lead plaintiff motion by May 1, 2026 [1] - The law firm Glancy Prongay Wolke & Rotter LLP is leading the class action and is available for inquiries regarding participation [1]