Bronstein, Gewirtz & Grossman, LLC, Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Directors

 Bronstein, Gewirtz & Grossman, LLC, Launches an Investigation into Possible
Breaches of Fiduciary Duty by the Board of Directors of Apollo Group, Inc. in
                    Connection with Executive Compensation

PR Newswire

NEW YORK, Jan. 29, 2013

NEW YORK, Jan. 29, 2013 /PRNewswire/ --Attorney Advertising-- Bronstein,
Gewirtz & Grossman, LLC is investigating Apollo Group, Inc. (NasdaqGS: APOL)
and its Board of Directors in connection with the compensation awarded to
Executive Chairman of the Board and member of the Board of Directors Dr. John
G. Sperling.

The investigation relates to whether the Board of Directors of Apollo Group,
Inc. breached their fiduciary duty in connection with Dr. Sperling's
compensation. On Thursday January 17, 2013 the Company announced that On
January 14, 2013, the Board of Directors of Apollo Group, Inc. approved a
post-retirement benefit package for Dr. John G. Sperling in connection with
his retirement as Executive Chairman of the Board and member of the Board of
Directors on December 31, 2012. Dr. Sperling will be awarded with a special
retirement bonus of $5 million, nearly $70,000 a month from a company-paid
annuity, health benefits for life and ownership of the two company cars he had
use of as chairman.

If you own shares of Apollo Group, Inc. and wish to obtain additional
information, please contact either Peretz Bronstein or Eitan Kimelman of
Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email
eitan@bgandg.com. Those who inquire by e-mail are encouraged to include their
mailing address and telephone number.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our
primary expertise is the aggressive pursuit of litigation claims on behalf of
our clients. In addition to representing institutions and other investor
plaintiffs in class action security litigation, the firm's expertise includes
general corporate and commercial litigation, as well as securities
arbitration. Attorney advertising. Prior results do not guarantee similar
outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman, 212-697-6484
eitan@bgandg.com

SOURCE Bronstein, Gewirtz & Grossman, LLC