Apollo Management(US:APO) Prnewswire·2026-03-30 20:16Core Viewpoint - A securities class action has been filed against Apollo Global Management (APO) due to allegations of undisclosed ties between CEO Marc Rowan and Jeffrey Epstein, leading to a significant decline in the company's market capitalization by over $12 billion [1][4]. Group 1: Lawsuit Details - The lawsuit, Feldman v. Apollo Global Management, Inc., was filed in the U.S. District Court for the Southern District of New York, representing investors who acquired Apollo securities between May 10, 2021, and February 21, 2026 [2][3]. - Apollo's leadership is accused of making materially false statements regarding the firm's relationship with Epstein, claiming they "never did any business" with him [2][4]. Group 2: Impact on Stock and Market Capitalization - Following the revelations and the lawsuit, Apollo's stock price dropped more than 15% within three weeks, resulting in an approximate loss of $12 billion in market capitalization [4]. Group 3: Investigative Reports - Reports from the Financial Times indicated that CEO Marc Rowan and other executives had extensive discussions with Epstein about tax arrangements and potential inversion deals during the 2010s [4]. - A SEC investigation was prompted by two major teachers' unions, representing over $27.5 billion in capital commitments to Apollo, urging scrutiny over the firm's transparency regarding its ties to Epstein [4]. - CNN reported that Epstein received internal financial documents and facilitated meetings between Apollo executives and international private banks at his Manhattan townhouse [4].