Item 8.01 Other Events.

U.S. District Court Approves Settlement of Securities Class Action Lawsuit
(Policeman's Annuity and Benefit Fund of Chicago)

On April 20, 2012, the U.S. District Court for the District of Arizona approved the settlement agreement relating to the securities class action lawsuit entitled, In re Apollo Group, Inc. Securities Litigation, Case No. CV04-2147-PHX-JAT, and entered an order of final judgment and dismissal. Under the settlement agreement, which had been approved by the court preliminarily on November 28, 2011, we are required to pay $145.0 million to the plaintiffs. This amount was deposited into a common fund account on December 5, 2011, and was presented as restricted funds held for legal matter on our Condensed Consolidated Balance Sheets as of February 29, 2012.

In connection with approval of the settlement agreement and the dismissal of the lawsuit, the Court also vacated the judgment in this case against Apollo Group and the individual defendants, which had been entered by the Court on April 6, 2011.

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