Apollo Global Management Faces Securities Fraud Class Action

Lawsuit alleges undisclosed relationship with Jeffrey Epstein and 16% stock decline

Published on Mar. 11, 2026

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A securities fraud class action lawsuit has been filed against Apollo Global Management, Inc. (NYSE: APO) alleging the company failed to disclose material information during the class period from May 10, 2021 to February 21, 2026. The lawsuit claims Apollo's leadership, including defendants Marc Rowan and Leon Black, frequently communicated with Jeffrey Epstein in the 2010s regarding the company's business, despite Apollo's assertion that it had never done business with Epstein. The lawsuit alleges this entanglement between Apollo's leaders and Epstein caused significant harm to the company's reputation, and that Apollo's statements about its business, operations, and prospects were materially false and misleading.

Why it matters

This case highlights the potential consequences for public companies that fail to disclose material information, especially regarding controversial relationships or associations. The alleged undisclosed ties between Apollo's leadership and the disgraced financier Jeffrey Epstein could significantly damage the company's reputation and shareholder value. The lawsuit also raises questions about oversight and accountability for executives at major investment firms.

The details

The class action lawsuit was filed by Kahn Swick & Foti, LLC (KSF) on behalf of investors who purchased Apollo securities during the class period. The lawsuit alleges that Apollo and certain executives failed to disclose that the company's leadership, including defendants Marc Rowan and Leon Black, frequently communicated with Jeffrey Epstein in the 2010s regarding Apollo's business. As a result, the company's assertion that it had never done business with Epstein was untrue. The lawsuit claims this entanglement between Apollo's leaders and Epstein caused significant harm to the company's reputation, and that Apollo's statements about its business, operations, and prospects were materially false and misleading.

  • The class period for the lawsuit is from May 10, 2021 to February 21, 2026.
  • Investors have until May 1, 2026 to file lead plaintiff applications in the lawsuit.

The players

Apollo Global Management, Inc.

A publicly traded alternative investment management firm.

Marc Rowan

A co-founder and CEO of Apollo Global Management.

Leon Black

A co-founder and former CEO of Apollo Global Management.

Jeffrey Epstein

A disgraced financier who had ties to Apollo's leadership.

Kahn Swick & Foti, LLC

A boutique securities litigation law firm serving as lead counsel in the class action lawsuit against Apollo.

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What they’re saying

“We must hold Apollo accountable for its failure to disclose its entanglement with Jeffrey Epstein and the harm this has caused to the company and its shareholders.”

— Lewis Kahn, Managing Partner, Kahn Swick & Foti, LLC

What’s next

The judge in the case will decide on May 1, 2026 whether to allow the lawsuit to proceed as a class action.

The takeaway

This case underscores the importance of transparency and disclosure for public companies, especially regarding relationships with controversial figures. The alleged failure of Apollo's leadership to be forthcoming about its ties to Jeffrey Epstein has led to significant legal and reputational consequences for the firm.