A lawsuit was filed on behalf of investors in Pearson PLC (ADR) (NYSE:PSO) shares over alleged securities laws violations and NYSE:PSO investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/06/2017 -- An investor, who purchased shares of Pearson PLC (ADR) (NYSE:PSO), filed a lawsuit in New York over alleged violations of Federal Securities Laws by Pearson PLC.
Investors who purchased shares of Pearson PLC (ADR) (NYSE:PSO) have certain options and for certain investors are short and strict deadlines running. Deadline: April 25, 2017. NYSE:PSO investors should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The plaintiff claims that between January 21, 2016 and January 17, 2017, Pearson made overly optimistic projections for 2017 and 2018 regarding its U.S. education business when, in reality, students were not likely to purchase the Company's products when more affordable alternatives were available.
On January 18, 2017, Pearson PLC revealed that its initial projections about its U.S. educational business had been too optimistic and students were not likely to purchase their products when more affordable alternatives are available. Pearson PLC said that this has resulted in an excess of unsold products and Pearson PLC also noted that a dividend cut would be coming in 2017. Shares of Pearson PLC (ADR) (NYSE:PSO) declined to as low as $7.04 per share on January 18, 2017.
On February 24, 2017, NYSE:PSO shares closed at $8.19 per share.
Those who purchased shares of Pearson PLC (ADR) ) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego