September 16, 2019 - The court granted the defendants' motion to dismiss.

December 7, 2017 - A motion to dismiss the amended complaint was filed.

July 14, 2017 - An amended complaint was filed.

February 24, 2017 - An investor in shares of Pearson PLC (ADR) (NYSE: PSO) filed a lawsuit in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by Pearson PLC in connection with certain allegedly false and misleading statements made between January 21, 2016 and January 17, 2017.

According to the complaint the plaintiff alleges on behalf of purchasers of Pearson PLC (ADR) (NYSE: PSO) common shares between January 21, 2016 and January 17, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between January 21, 2016 and January 17, 2017, Pearson PLC 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.

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 24, 2017, NYSE: PSO shares closed at $8.19 per share.