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Pearson plc (PSO)

NYSE:PSO

Summary

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Investing In Pearson plc To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Pearson plc (“Pearson” or the “Company”) (NYSE:PSO) of the April 25, 2017 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain officers.

The lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of all those who purchased Pearson plc stock or options between January 21, 2016 and January 17, 2017 (the “Class Period”).  The case, Chupka v. Pearson plc et al, No. 17-cv-01422 was filed on February 24, 2017, and has been assigned to Judge Richard J. Sullivan.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by misrepresenting the future financial state of its U.S. education business through overly optimistic projections for years 2017 and 2018.

Specifically, in a press release published on January 18, 2017, Pearson announced that it would restructure its operative profit guidance for 2017 and 2018 due to an unprecedented decline in Q4 2016 in the Company’s North American higher education courseware business. The company also announced that it would rebase its dividend from 2017 onwards.

After the announcement, Pearson’s share price fell from $9.99 per share on January 17, 2017 to a closing price of $7.13 on January 18, 2017—a $2.86 or a 28.6% drop.

Take Action

You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Pearson’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

 

 

Request Information

Please tell us about yourself by completing the form and we will provide you with additional
information on how to join the Class Action at no cost to you.

  • Case:
    Pearson plc (PSO)
  •    

* The submission of this form does not create an attorney-client relationship.

Contact Counsel

Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 04/06/2017

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