Executive Accountability: Leon Black Named in Securities Action Over Concealed Epstein Business Ties
NEW YORK, March 26, 2026 /PRNewswire/ -- SueWallSt notifies investors that Leon Black, co-founder and former CEO and chairman of Apollo Global Management, Inc. (NYSE: APO), is named as a defendant in a securities class action covering purchases made between May 10, 2021 and February 21, 2026. Find out if you are eligible to pursue recovery against the named defendants or contact Joseph E. Levi, Esq. at jlevi@SueWallSt.com or (888) SueWallSt.
Apollo Global shares fell approximately 5%, or $5.99 per share, to close at $113.73 after a series of corrective disclosures revealed the depth of the firm's alleged entanglement with Jeffrey Epstein.
Leon Black's Role During the Class Period
Although Black stepped down as CEO and chairman before the Class Period began, the complaint identifies him as a controlling person who held 7.0% of Apollo Global's common stock as of April 25, 2025. The action contends that Black directly participated in the management of the Company, was privy to confidential proprietary information, and was involved in drafting, reviewing, or disseminating the allegedly false statements at issue.
Black's personal relationship with Epstein drew public scrutiny as early as October 2020, when reporting revealed he had wired Epstein at least $50 million after Epstein's 2008 conviction. On the Company's October 30, 2020 earnings call, Black stated: "First and most important, Apollo never did any business with Epstein."
What Black Allegedly Knew and Concealed
The lawsuit asserts that this denial was false. As pleaded in the complaint, Black and other senior leaders frequently communicated with Epstein in the 2010s regarding Apollo Global's business, including:
Black's Certifications and Controlling Person Liability
The action charges Black under Section 20(a) of the Securities Exchange Act of 1934 as a controlling person. The complaint alleges Black exercised power and authority to cause Apollo Global to issue statements that artificially inflated the Company's share price throughout the Class Period. Despite no longer holding an officer title, Black's substantial equity stake and continued influence over the Company's affairs are alleged to satisfy the control person standard.
"Individual officers who sign SEC certifications bear personal responsibility for the accuracy of corporate disclosures. When controlling shareholders wield influence over a company's public narrative, they may bear liability for material omissions." -- Joseph E. Levi, Esq.
LEAD PLAINTIFF DEADLINE: May 1, 2026
Submit your information to pursue claims against Apollo Global's named defendants or call Joseph E. Levi, Esq. at (888) SueWallSt.
SueWallSt, Top 50 securities litigation firm (ISS, seven consecutive years). Over 70 professionals. Hundreds of millions recovered for investors.
CONTACT:
SueWallSt
Joseph E. Levi, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
jlevi@SueWallSt.com
Tel: (888) SueWallSt
Fax: (212) 363-7171
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SOURCE SueWallSt.com
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