Shareholders Sue Apollo Global Over Failure to Disclose Epstein Ties

A class action lawsuit was filed against Apollo Global Management (APO) on March 2, 2026.

Plaintiffs-shareholders- in the federal securities class action allege that they acquired Apollo stock at artificially inflated prices between May 10, 2021 and February 21, 2026, known as the “Class Period.” They are now seeking compensation for financial losses incurred upon public revelation of the company’s alleged misconduct during that time. To learn whether you may be eligible for a recovery under this securities lawsuit, click here.

What Does Apollo Global Management Do?

Apollo Global is a “high-growth, global alternative asset manager and a retirement services provider.”

Accordingly, the company concentrates on investments in credit, private equity, infrastructure, secondaries and real estate markets. It also favors private and public markets.

Apollo Global’s clients include institutional and individual investors including, but not limited to endowments and sovereign wealth funds. Among other things, the company manages client-focused portfolios, and opens and manages hedge funds for its clients. But, that is not all. The company also serves its clients by  engaging in the management of real estate funds and private equity funds.

Apollo Global has been in business since 1990, and says it now has more than 5,800 employees, including more than 900 investment professionals, working in its offices around the world.

Why are Shareholders Suing Apollo?

The company and two of its current and/or former senior officers (the “Individual Defendants”) are now accused of deceiving investors by lying and withholding important information about Apollo Global’s business practices and prospects during the Class Period.

Following a series of partial disclosures, the whole truth came out in an article published by CNN on February 21, 2026. In it, CNN reiterated facts from prior news reports, along with new information about the company’s response to a letter from a teacher’s union.

According to the complaint, the article quoted Eleanor Bloxham, founder and CEO of The Value Alliance Company, which advises boards and executives. In this context, Bloxham said the unions have a “strong case” for pushing for an SEC investigation and described Apollo’s response as “very weak[.]” She also questioned why the current CEO of Apollo Global’s meetings and correspondence with Jeffrey Epstein, an “American financier and sex offender,” were not previously disclosed.

Taking a Closer Look

As alleged, the company and/or Individual Defendants repeatedly made false and misleading public statements throughout the Class Period.

In a quarterly report filed with the SEC at the beginning of the Class Period, for example, Apollo Global stated in relevant part: “On January 25, 2021, the company announced that the conflicts committee of the board of directors has completed its previously announced independent review of Mr. Black’s previous professional relationship with Jeffrey Epstein and publicly released the review’s findings. The findings of the report are consistent with statements made by Mr. Black and Apollo regarding the prior relationship.”

Apollo Global reiterated this statement on quarterly reports filed with the SEC on August 6, 2021, and November 8, 2021.

Then, in an Annual Report filed with the SEC on February 25, 2022, the company stated in pertinent part: “Misconduct by our current and former employees, directors, advisers, third party service providers or others affiliated with us could harm us by impairing our ability to attract and retain investors and by subjecting us to significant legal liability, regulatory scrutiny and reputational harm.”

Actions You May Take

If you have purchased the company’s stock during the Class Period, you may join the class action as a lead plaintiff, remain a passive class member, or opt out of this litigation and pursue individual claims that may not be available to the class as a whole. To learn more about your options, click here.

The deadline to file for lead plaintiff in this class action is May 1, 2026.