Period: Jan 21, 2016 to Jan 17, 2017
Lead Plaintiff Deadline: Apr 25, 2017 + Deadline passed
Summary of Case:
A securities class action has been filed against Pearson, plc ("PSO") on behalf of all investors who purchased or otherwise acquired Pearson shares, or American Depositary Receipts ("ADRs"), between January 21, 2016 and January 17, 2017. This case has been filed in the USDC - NY (Southern).
The complaint alleges that throughout the Class Period, Pearson and certain of its officers and directors made materially false and misleading statements regarding the Company's business, operational and compliance policies. Specifically, Defendants made overly optimistic projections for 2017 and 2018 regarding its U.S. education business when, in reality, students were not likely to purchase Pearson's products when more affordable alternatives were available, resulting in an excess of unsold products. As a result of choosing unrealistic future goals that it could never achieve, Pearson's statements were materially false and/or misleading.
If you purchased this company's shares during the Class Period and suffered a loss or for further information about the case, please review the links below.