Boeing Reaches Tentative Labor Deal With SPEEA Workers After Spirit AeroSystems Acquisition 
White House Pressures PJM to Act as Data Center Energy Demand Threatens Grid Reliability 
U.S. Moves to Expand Chevron License and Control Venezuelan Oil Sales 
BYD Shares Rise in Hong Kong on Reports of Battery Supply Talks With Ford 
Elon Musk Seeks $134 Billion in Lawsuit Against OpenAI and Microsoft Over Alleged Wrongful Gains 
Google Seeks Delay on Data-Sharing Order as It Appeals Landmark Antitrust Ruling 
Publishers Seek to Join Lawsuit Against Google Over Alleged AI Copyright Infringement 
Microsoft Strikes Landmark Soil Carbon Credit Deal With Indigo Carbon to Boost Carbon-Negative Goal 
Sanofi Gains China Approval for Myqorzo and Redemplo, Strengthening Rare Disease Portfolio 
Chevron Set to Expand Venezuela Operations as U.S. Signals Shift on Oil Sanctions 
U.S. Lawmakers Raise Alarm Over Trump Approval of Nvidia AI Chip Sales to China 
Rio Tinto and BHP Agree to Explore Major Iron Ore Collaboration in Pilbara 
Walmart International CEO Kathryn McLay to Step Down After Two and a Half Years 
TikTok Expands AI Age-Detection Technology Across Europe Amid Rising Regulatory Pressure 
Boeing Reaches Tentative Settlement With Canadian Victim’s Family in 737 MAX Crash Lawsuits 
China Halts Shipments of Nvidia H200 AI Chips, Forcing Suppliers to Pause Production 
Anthropic Appoints Former Microsoft Executive Irina Ghose to Lead India Expansion 
NEW YORK, April 14, 2017 -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Southern District of New York on behalf of investors who purchased Pearson plc (NYSE:PSO) American Depositary Receipts between January 21, 2016 and January 17, 2017.
Click here to learn about the case: http://www.wongesq.com/pslra/pearson-plc?wire=3. There is no cost or obligation to you.
According to the complaint, throughout the class period, the Company made materially false and/or misleading statements regarding the Company’s business, operational and compliance policies. In particular, the complaint alleges the Company 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 issued a press release announcing that it no longer expected to achieve its operative profit guidance for 2018 as a result of “[t]he North American higher education courseware market being much weaker than expected” and that Pearson would “rebase” its dividend “from 2017 onwards.” Following this news, shares of Pearson fell approximately 29% on January 18, 2017, from a previous close of $9.99 to a close of $7.13 per share.
If you suffered a loss in Pearson you have until April 25, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Vincent Wong, Esq. either via email [email protected], by telephone at 212.425.1140, or visit http://www.wongesq.com/pslra/pearson-plc?wire=3.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Vincent Wong, Esq. 39 East Broadway Suite 304 New York, NY 10002 Tel. 212.425.1140 Fax. 866.699.3880 E-Mail: [email protected]
