Barrack, Rodos & Bacine
A $145 million settlement Barrack, Rodos & Bacine secured with the owner of the University of Phoenix didn't come easily. Representing the Policemen's Annuity and Benefit Fund of Chicago, the business litigation firm spent three years pursuing securities fraud claims against higher-education company Apollo Group Inc. before the case came to trial in 2007. Investors alleged that Apollo misled them about a 2003 U.S. Education Department report on student recruitment policies, artificially increasing the company's stock value.
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