Apollo Global Management Faces Securities Investigation
Rosen Law Firm announced it has launched an investigation into potential securities claims on behalf of Apollo Global Management, Inc. shareholders. The investigation stems from allegations that the private equity firm may have issued misleading business information to the investing public.
- The investigation follows a February 1, 2026, Financial Times report alleging that top Apollo executives, including CEO Marc Rowan, had extensive discussions with Jeffrey Epstein about the firm's tax arrangements during the 2010s. - This report contradicted Apollo's previous statements that it "never did any business" with Epstein. - Following the news, Apollo's stock price fell, dropping 1% on February 2, 2026, and an additional 4.76% on February 3. Another report noted the stock fell as much as 8% during intraday trading on February 3. - This is not the first time Apollo has faced scrutiny over its disclosures; in 2016, the firm agreed to a $52.7 million settlement with the SEC for misleading fund investors about fees and failing to supervise a senior partner. - Former Apollo CEO and co-founder Leon Black stepped down in 2021 after an investigation revealed he had paid Epstein $158 million for tax and estate planning advice between 2012 and 2017. - In July 2023, the U.S. Senate Finance Committee announced it was investigating Black's financial dealings with Epstein, focusing on whether he improperly avoided over $1 billion in taxes. - In response to the recent allegations, Apollo stated that CEO Marc Rowan and other current executives did not have a personal or business relationship with Epstein, and that their interactions were related to Epstein's work for Leon Black. - Several other law firms, including Glancy Prongay & Wolke, Pomerantz LLP, and The Law Offices of Frank R. Cruz, have also announced investigations into potential securities fraud or other unlawful business practices by Apollo on behalf of investors.
