NEW YORK--(BUSINESS WIRE)--May 1, 2026--
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Apollo Global Management, Inc. (“Apollo” or the “Company”) (NYSE: APO) and reminds investors of the May 1, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.
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Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Defendants Rowan and Black, among other leadership figures at Apollo Global, frequently communicated with Jeffrey Epstein in the 2010s regarding Apollo Global’s business; (2) as a result, Apollo Global’s assertion that the Company had never done business with Jeffrey Epstein was untrue; (3) because of the entanglement between Apollo Global’s leaders and Jeffrey Epstein, the harm to Apollo Global’s reputation was more than a mere possibility; and (4) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times.
On February 1, 2026, Financial Times published an article entitled "Apollo chief Marc Rowan consulted Epstein on firm's tax affairs." The article stated that top "Apollo Global Management executives including chief Marc Rowan held wide-ranging discussions over the firm's tax arrangements with Jeffrey Epstein throughout the 2010s, despite the private capital firm having previously said it 'never did any business' with the child sex offender."
On this news, Apollo stock fell 5.7% over the next two trading days to close at $126.85 on February 3, 2026.
On February 21, 2026, CNN published an article titled, “How Wall Street’s Apollo got tangled up again in the Epstein files”. The article repeated information previously revealed by the Financial Times articles, but contained new information that reported on Apollo Global’s response to the letter sent by the teacher’s union. The article quoted Eleanor Bloxham, founder and CEO of The Value Alliance Company, which advises boards and executives, who said the unions have a “strong case” for pushing for an SEC investigation, described Apollo’s response as “very weak”, and questioned why Defendant Rowan’s meetings and correspondence with Jeffrey Epstein was not previously disclosed.
On this news, Apollo Global shares dropped by $5.99, or approximately 5%, to close at $113.73 on February 23, 2026.
The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Faruqi & Faruqi, LLP also encourages anyone with information regarding Apollo’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
To learn more about the Apollo Global Management class action, go to www.faruqilaw.com/APO or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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APO CLASS ACTION DEADLINE TONIGHT: Faruqi & Faruqi, LLP Reminds Apollo Global Management (APO) Investors of Securities Class Action Deadline on May 1, 2026
Shares gained in Asia on Friday, though many markets in the region were closed for May Day holidays.
Brent crude’s price held steady at $111.66 per barrel while U.S. benchmark crude oil added 46 cents to $105.53 a barrel.
Prospects for a deal to cement a three-week ceasefire in the Iran wa r remained clouded as Iran’s supreme leader said it will protect its nuclear and missile capabilities as a national asset.
In Tokyo, the Nikkei 225 gained 0.7% to 59,687.65 as the Japanese yen gained against the U.S. dollar.
The dollar bought 157.16 yen, up from 156.61 yen late Thursday. But that was well below the 160 yen level hit on Thursday.
Australia's S&P/ASX 200 surged 1% to 8,750.40.
U.S. futures were higher after U.S stocks motored to more records Thursday on strong profits for Alphabet, Caterpillar and other big businesses. The gains came after the latest whipsaw moves for oil prices, which surged toward their highest levels since the war with Iran began only to quickly regress.
The S&P 500 rallied 1% and topped its prior all-time high to close out its best month in more than five years. It closed at 7,209.01. The Dow Jones Industrial Average leaped 1.6% to 49,652.14, while the Nasdaq composite climbed 0.9% to a record of 24,892.31.
Alphabet led the way and rallied 10% after the owner of Google and YouTube reported profit for the latest quarter that almost doubled analysts’ expectations. Investments in artificial intelligence “are lighting up every part of the business,” CEO Sundar Pichai said.
It’s the latest company to deliver fatter profits for the start of 2026 than analysts expected, even with very high oil prices and uncertainty about the economy.
Friday brought some calm to the oil market, where prices surged Thursday on worries over the potential long-term impact of the war on the flow of crude. Iran has closed the Strait of Hormuz to oil tankers, keeping them pent up in the Persian Gulf and away from customers worldwide, while a U.S. Navy blockade is preventing Iran from selling its own oil.
Traders are buying and selling contracts for different kinds of oil, going out for many months. In the most actively traded part of the market for Brent crude, for delivery in July, the price rose as high as $114.70 per barrel, fell back toward $107 and settled at $110.40 on Thursday, nearly unchanged from the day before.
So far during the war, the peak price for the most actively traded Brent contract has been $119.50, which was set last month.
In a less actively traded corner of the Brent market, the price for a barrel to be delivered in June briefly went above $126 overnight before pulling back toward $114.
Brent’s price was roughly $70 before the war.
In share trading, Caterpillar soared 9.9%, Eli Lilly jumped 9.8% and O’Reilly Automotive leaped 8.4% after all delivered profits for the latest quarter that topped analysts’ expectations. That’s big because stock prices tend to follow the track of corporate profits over the long term.
Meta Platforms tumbled 8.7% even though the company behind Facebook and Instagram made more profit last quarter than expected. Investors focused more on its increased forecast for how much it will spend on data centers and other investments as it builds out its AI capabilities.
Doubts are still high among some investors about whether all the spending on AI will produce enough profit and productivity to make it worth it.
Microsoft fell 3.9% after likewise raising its forecast for investments and other capital spending.
Amazon rose 0.8% after swinging between gains and losses through the day. It blew past analysts’ expectations for earnings in the latest quarter.
In the bond market, Treasury yields eased after oil prices fell back. Reports also suggested the U.S. economy’s growth accelerated by less in the first three months of the year than economists expected, while a measure of inflation worsened in March by about as much as expected.
A separate report said that fewer U.S. workers applied for unemployment benefits last week in an indication of fewer layoffs even though companies are announcing large cuts to workforces.
London’s FTSE 100 jumped 1.6% after the Bank of England kept its main interest rate on hold. That followed similar decisions by the U.S. Federal Reserve on Wednesday and the Bank of Japan on Tuesday to keep their rates unchanged.
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AP Business Writers Stan Choe and Matt Ott contributed to this report.
Trader Derek Orth works on the floor of the New York Stock Exchange, Thursday, April 30, 2026. (AP Photo/Richard Drew)
Specialist Anthony Matesic works at his post on the floor of the New York Stock Exchange, Thursday, April 30, 2026. (AP Photo/Richard Drew)
From left, NASA's Artemis II astronauts Reid Wiseman, Christina Koch, Victor Glover, and Jeremy Hansen watch a replay of their ringing of the closing bell at the Nasdaq MarketSite, in New York's Times Square, Thursday, April 30, 2026. (AP Photo/Richard Drew)
FIL:E - The New York Stock Exchange is shown in New York's Financial District on Dec. 23, 2024. (AP Photo/Peter Morgan, File)
A person stands in front of an electronic stock board showing Japan's Nikkei index at a securities firm Thursday, April 30, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)
A person walks in front of an electronic stock board showing Japan's Nikkei index at a securities firm Thursday, April 30, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)
