Apollo Investors Sued Over Alleged Epstein Ties

Lawsuit claims CEO Marc Rowan hid business dealings with disgraced financier

Mar. 30, 2026 at 9:24pm by Ben Kaplan

Got story updates? Submit your updates here. ›

A photorealistic studio still-life image of a shattered chrome piggy bank reflecting a faint red light, symbolizing the loss of investor trust and market value due to the alleged cover-up of ties between Apollo's CEO and Jeffrey Epstein.The alleged cover-up of ties between Apollo's CEO and Jeffrey Epstein has shattered investor confidence, leading to a steep drop in the firm's market value.San Francisco Today

A class action lawsuit has been filed against Apollo Global Management, alleging that the investment firm's CEO Marc Rowan concealed his business ties to the late Jeffrey Epstein. The lawsuit claims that Apollo previously assured investors there were no connections between the company and Epstein, but recent reports have revealed undisclosed relationships between the two. The revelations have led to a significant drop in Apollo's stock price, shedding over $12 billion in market capitalization.

Why it matters

The lawsuit raises serious questions about corporate governance and transparency at Apollo, one of the world's largest private equity firms. The alleged cover-up of Epstein ties could undermine investor confidence and lead to further regulatory scrutiny of Apollo's practices.

The details

The class action lawsuit was filed by law firm Hagens Berman on behalf of Apollo shareholders. It alleges that for years, Apollo assured investors that its ties to Epstein began and ended with former CEO Leon Black, but recent reports have uncovered undisclosed business relationships between Epstein and current CEO Marc Rowan. The lawsuit claims these prior "no business" assurances were false, leading to a significant drop in Apollo's stock price.

  • The lawsuit was filed on March 30, 2026.

The players

Apollo Global Management

A major global investment firm with over $500 billion in assets under management.

Marc Rowan

The current CEO of Apollo Global Management.

Jeffrey Epstein

The late disgraced financier with ties to numerous high-profile individuals.

Hagens Berman

The law firm that filed the class action lawsuit against Apollo on behalf of shareholders.

Got photos? Submit your photos here. ›

What’s next

The judge in the case will determine if the lawsuit can proceed as a class action in the coming weeks.

The takeaway

This lawsuit highlights the importance of corporate transparency and the need for investment firms to fully disclose any ties to controversial figures like Jeffrey Epstein. The fallout could lead to increased scrutiny of Apollo's governance and business practices.