NEW YORK, Feb. 24, 2017 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired American Depositary Receipts of Pearson
plc (“Pearson”) (NYSE:PSO) between January 21, 2016
and January 17, 2017. You are hereby notified that Levi & Korsinsky has commenced the class action Chupka v. Pearson
plc, et al. (Case No. 1:17-cv-01422) in the USDC for the Southern District of New York. To get more information go
to:
http://www.zlk.com/pslra/pearson-plc
or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972. There is no cost or obligation to you.
The complaint alleges that during 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.
Take Action: 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.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The
firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered
hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar
outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com
