Apollo Global Management Faces Class Action Over Alleged Misstatements Regarding Epstein Ties
Apollo Global Management Faces Class Action
Recently, Apollo Global Management, Inc. (NYSE: APO) has come under fire as national shareholder rights law firm Hagens Berman has initiated a securities class action against the company. This lawsuit has been prompted by a series of investigative reports that suggest the firm misrepresented its connections with the late Jeffrey Epstein. The firm is actively seeking to represent investors who purchased or acquired Apollo securities between May 10, 2021, and February 21, 2026, commonly referred to as the "Class Period."
In light of these allegations, Hagens Berman encourages any Apollo investors who have experienced significant losses to reach out to their attorneys to discuss their legal rights. The lawsuit, titled Feldman v. Apollo Global Management, Inc., et al., has been filed in the U.S. District Court for the Southern District of New York. The key allegations concern Apollo's leadership making misleading statements about their relationship with Epstein. According to Reed Kathrein, a partner at Hagens Berman leading the case, Apollo claimed that their ties to Epstein began and ended with former CEO Leon Black. However, recent allegations indicate a more intricate entanglement involving current CEO Marc Rowan.
Allegations of Misleading Statements
The core of the litigation revolves around the assertion that Apollo's executives misled the public by insisting that the firm never conducted business dealings with Epstein. This narrative was reportedly challenged as early as February 2026, when reports began surfacing about ongoing discussions related to tax arrangements and potential inversion deals held between Apollo executives and Epstein throughout the 2010s.
The allegations gained traction following a Financial Times article, which highlighted the wider implications of these interactions. An additional factor fueling the scrutiny was the call by two major teachers' unions—who represent more than $27.5 billion in capital commitments to Apollo—urging the SEC to investigate the firm’s alleged lack of transparency regarding its Epstein ties.
In another significant blow to Apollo, a CNN report published on February 21, 2026, revealed that Epstein was in possession of internal financial documents from the firm and had even hosted meetings between Apollo executives and international private banks at his Manhattan townhouse. As a result of these revelations, Apollo’s stock saw a sharp decline of over 15% in just three weeks, equating to an estimated loss of around $12 billion in market capitalization.
Important Deadline for Investors
For those who experienced losses from their investments in Apollo securities during the Class Period, there is a strict deadline to act. Investors have until May 1, 2026, to apply to the Court to secure their position as Lead Plaintiff in the ongoing lawsuit.
If you have incurred losses and wish to empower your position, it is pertinent to contact Hagens Berman immediately at 844-916-0895 or reach out via email at [email protected]
Whistleblower Opportunities
Additionally, individuals with non-public information relating to Apollo are encouraged to consider their options for assisting in the investigation. The SEC Whistleblower program offers substantial rewards, potentially up to 30% of recoveries generated from original information. Interested parties should also contact Cathrein at the aforementioned number.
About Hagens Berman
Hagens Berman is recognized as a prominent plaintiffs' rights complex litigation firm prioritizing corporate accountability. The firm is committed to advocating for investors, consumers, and whistleblowers and has successfully secured over $2.9 billion through its efforts in holding corporations accountable for misdeeds. To stay updated on the legal proceedings surrounding Apollo and other related matters, follow Hagens Berman on social media at @ClassActionLaw.