The Apollo Group securities class action trial ended with a plaintiffs’ verdict. A couple of news articles – from Portfolio.com and The Legal Intelligencer (Jan. 31, 2008 edition – subscrip. req’d) – offer some more background on what happened.
Quote of note (Portfolio.com): “While this might sound like the perfect case for the defense to rush to settle, that did not happen. At one point, there was a confidential mediation, but it went nowhere, says [plaintiffs’ counsel]. ‘They made it abundantly clear to us that they had every intention of trying this case to verdict,’ he says. ‘We had no intention of caving, we would never cave, and we made it abundantly clear we try cases to verdict.'”
The 10b-5 Daily 