Apollo Global Management Faces Securities Class Action Over Epstein Ties

Got story updates? Submit your updates here. ›

A securities class action lawsuit has been filed against Apollo Global Management, Inc. (NYSE: APO) following a series of investigative reports that allege the firm's leadership, including CEO Marc Rowan, misled investors about the extent of its ties to the late financier Jeffrey Epstein. The lawsuit claims Apollo falsely assured the public that it 'never did any business' with Epstein, when in fact the reports indicate Rowan and other executives had wide-ranging discussions with Epstein regarding the firm's tax arrangements and potential deals.

Why it matters

The revelations about Apollo's relationship with Epstein have sparked outrage and calls for investigations, as well as a significant drop in the firm's stock price, wiping out over $12 billion in market value. The lawsuit alleges that Apollo's leadership violated securities laws by making materially false statements to investors about the nature of its ties to the disgraced financier.

The details

The lawsuit, Feldman v. Apollo Global Management, Inc., et al., was filed in the U.S. District Court for the Southern District of New York. It alleges that Apollo and its top executives made misleading statements about the firm's relationship with Epstein between May 10, 2021 and February 21, 2026. The complaint cites several recent investigative reports, including a Financial Times article that claimed Rowan and other executives held discussions with Epstein about Apollo's tax arrangements and potential 'inversion' deals, as well as a CNN report alleging Epstein received internal financial documents and hosted meetings between Apollo executives and international private banks.

• On February 1, 2026, the Financial Times reported that CEO Marc Rowan and other top executives held wide-ranging discussions with Epstein regarding the firm's tax arrangements and potential 'inversion' deals throughout the 2010s.
• On February 17, 2026, two major teachers' unions, representing over $27.5 billion in capital commitments to Apollo, urged the SEC to investigate Apollo's 'lack of candor' over its ties to Epstein.
• On February 21, 2026, CNN published new details alleging Epstein received internal financial documents and hosted meetings between Apollo executives and international private banks at his Manhattan townhouse.

What they’re saying

What’s next

The critical deadline for Apollo investors to join the class action lawsuit is May 1, 2026. Whistleblowers with non-public information about Apollo's relationship with Epstein are encouraged to contact Hagens Berman to potentially receive rewards through the SEC Whistleblower program.