Investor Alert: Kaplan Fox Announces Investigation Of Pearson, plc.

NEW YORK, March 7, 2017 /PRNewswire/ -- Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Pearson, plc. ("Pearson" or the "Company") (NYSE:  PSO). 

A class action complaint has been filed in the United States District Court for the Southern District of New York against Pearson and certain officers of the Company on behalf of investors who purchased or otherwise acquired Pearson American Depositary Receipts ("ADRs") between January 21, 2016 and January 17, 2017, inclusive (the "Class"), alleging violations of the Securities Exchange Act of 1934.

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 the 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.

The complaint further alleges that on January 18, 2017, Pearson announced that "[t]he North American higher education courseware market was much weaker than expected"  and that it was "withdrawing [its] operating profit goal for 2018."  According to the complaint, following this news, Pearson's ADRs fell from a closing price of $9.99 per share on January 17, 2017 to $7.13 per ADR on January 18, 2017, a drop of approximately 29%.

If you are a member of the proposed Class, you may move the court no later than April 25, 2017 to serve as a lead plaintiff for the purported class.  You need not seek to become a lead plaintiff in order to share in any possible recovery.  If you would like to discuss the complaint or our investigation, please contact us by emailing [email protected] or by calling 800-290-1952.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.  If you have any questions about this Notice, the action, your rights, or your interests, please contact:

Hae Sung Nam
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(800) 290-1952
(212) 687-1980
Fax: (212) 687-7714
E-mail: [email protected]

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
350 Sansome Street, Suite 400
San Francisco, California  94104
(415) 772-4700
Fax:  (415) 772-4707
E-mail: [email protected]

SOURCE Kaplan Fox & Kilsheimer LLP

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