Apollo Faces Securities Class Action Over Epstein Disclosures

Overview

• Plaintiff law firms, which issued fresh notices Tuesday, are urging Apollo investors to ask the court to be lead plaintiff by May 1.
• Feldman v. Apollo Global Management, No. 1:26-cv-01692 in the Southern District of New York, covers investors who bought shares from May 10, 2021 through February 21, 2026 and the lead plaintiff will direct the case for the class.
• The complaint says Apollo misled investors by asserting it never did business with Jeffrey Epstein, as reports allege CEO Marc Rowan and other leaders consulted Epstein on tax matters, sent him internal documents, and met at his Manhattan townhouse.
• Shares fell more than 15% over three weeks after the February 1 Financial Times story, the February 17 call for an SEC inquiry, and the February 21 CNN report, erasing roughly $12 billion in market value.
• Two large teachers' unions with over $27.5 billion committed to Apollo asked the SEC to probe the firm's candor about Epstein ties, which could add regulatory pressure beyond the lawsuit.