An investigation for investors in NYSE:PSO shares was announced concerning possible violations of securities laws by Pearson PLC and certain of its directors and officers.
Investors who purchased shares of Pearson PLC (ADR) (NYSE:PSO), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Pearson PLC (ADR) (NYSE:PSO) concerning whether certain statements by Pearson PLC regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Pearson PLC reported that its annual Total Revenue fell from $5.71 billion in 2014 to over $5.61 billion in 2015 and that its Net Income declined from $251.58 million in 2014 to a Net Loss of $442.77 million in 2015.
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 3, 2017, NYSE:PSO shares closed at $7.97 per share.
Those who purchased NYSE:PSO shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego