APOLLO GROUP: Fiscal Years 2003

Apollo Group, Inc.’s taxable years 2003 2005 are the subject of an Internal Revenue Service Audit, in connection with which the Company has agreed to extend the statute of limitations.

An IRS audit relating to the Company’s U.S. federal income tax…

APOLLO GROUP: Qui Tam Lawsuit on Incentive Compensation Ongoing

An incentive compensation False Claims Act lawsuit is ongoing against Apollo Group, Inc. in the U.S. District Court for the Eastern District of California.

On Aug. 29, 2003, the Company was notified that a qui tam action had been filed against…

APOLLO GROUP: May be Subject to Dept. of Education Review in ‘09

Apollo Group, Inc. says the Department of Education informed that the Company likely will be the subject of an ordinary course, focused program review during fiscal year 2009.

All higher education institutions participating in Title IV programs must be accredited by…

GRANT PARK: UBS Securities Faces New Hampshire Bureau’s Action

UBS Securities LLC, one of Grant Park Futures Fund Limited Partnership’s clearing brokers, faces an administrative action filed by the New Hampshire Bureau of Securities Regulation.

On Aug. 14, 2008, the New Hampshire Bureau of Securities Regulation filed an administrative action…

SCAILEX CORP: Scailex Vision-HP Settlement Signed Last May 5

A settlement agreement was signed between Scailex Corporation Ltd.’s majority owned subsidiary, Scailex Vision (Tel-Aviv) Ltd., and Hewlett-Packard on May 5, 2008, which concludes the reciprocal claims between the parties with respect to the sum in escrow.

In connection with…

EDUCATION MGMT: To Continue Cooperating with AGs’ Investigations

Education Management LLC will continue to cooperate with the Attorneys General of Oregon and Illinois in their investigations into the relationships between schools and student loan providers should the investigations proceed, according to its Form 10-K dated Sept. 19, 2007.

The…

EDUCATION MGMT: NEIA to Work w/ Mass. AG Lending Practices Probe

The New England Institute of Art intends to cooperate with the Massachusetts State Attorney General in connection with its investigation of NEIA’s student lending practices.

NEIA is a subsidiary of Education Management LLC.

In February 2008, the Attorney General informed NEIA that…

DEVRY INC: Cooperating with Govt. on False Claims Act Inquiries

DeVry Inc. continues to offer its full cooperation to the government in carrying out its inquiry over possible violations of the False Claims Act.

In May 2008, the U.S. Department of Justice, Civil Division, working with the U.S. Attorney for…

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