By Miriam Gottfried
A group of Apollo Global Management Inc.’s (NYS:APO) independent board members will review Chief Executive Leon Black’s relationship with disgraced financier Jeffrey Epstein, according to people familiar with the matter.
At a regularly scheduled meeting Tuesday morning, Black requested that the board’s conflict-committee members, which include Michael E. Ducey, A.B. Krongard and Pauline Richards, hire a law firm to examine his business dealings with Epstein, the people said. The committee interviewed a number of firms and selected Dechert LLP on Tuesday afternoon.
Epstein was indicted last year on federal sex-trafficking charges stemming from an alleged scheme to exploit underage girls.
The move is an effort by the Apollo co-founder to put to rest renewed speculation into the nature of his ties to Epstein, who was found dead in his Manhattan jail cell last year in a suicide.
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