Apollo Sued Over $570 Million Payout Tied to Black Departure (1)

Apollo Global Management was sued by an investor seeking information about $570 million in payments the private equity firm made to founders Leon Black, Josh Harris and Marc Rowan after Black’s ouster over his ties to sex offender Jeffrey Epstein.

The Anguilla Social Security Board filed a lawsuit on Aug. 17 that was unsealed yesterday in Delaware Chancery Court. The pension fund asked for an order requiring Apollo to produce records explaining why the three received the payments as part of a restructuring effort in the wake of the Epstein scandal.

“The process leading to the challenged payoff ...