Leon Black Sues House Committee Over Epstein Probe Subpoenas
APO sits 33% above its 52-week low of $99.56 on light trading volume (0.2× avg).
Summary
Apollo co-founder Leon Black filed a federal lawsuit against the House Oversight Committee, challenging subpoenas for non-disclosure agreements tied to the Epstein investigation. He also refused to appear at a deposition scheduled for Thursday, escalating a standoff that began in June when he walked out of a voluntary interview. The committee says it will document his absence and consider next steps. Black's ties to Epstein have already cost him the CEO role at Apollo in 2021 after he paid Epstein $158 million for tax and estate planning. This lawsuit keeps the controversy in the headlines and could pressure Apollo's reputation, though the company declined to comment.
At the time of this announcement, APO was trading at $132.49 on NYSE in the Finance sector, with a market capitalization of approximately $78.2B. The 52-week trading range was $99.56 to $153.29. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.