SAN DIEGO, Feb. 25, 2017 /PRNewswire/ -- Shareholder rights law firm Johnson & Weaver, LLP is investigating potential violations of the federal securities laws by Pearson plc (NYSE: PSO) and certain of its officers. Pearson provides educational materials and learning technologies for teachers and students worldwide.
On January 18, 2017, Pearson said that its initial projections about its U.S. educational business had been too high and students are balking at paying top-dollar for textbooks when more affordable alternatives to outright purchases are available. The result has been an excess of unsold books. Pearson also signaled that a dividend cut would be coming in 2017. After this announcement, Moody's Investors Service changed the outlook on the Company ratings to negative from stable.
Then on February 24, 2017, Pearson announced that 2016 operating profits fell 21 percent. The Company also stated that it may sell its English language learning business GEDU and was looking for a partner to invest in its Wall Street English (WSE) unit.
If you have information that could assist in this investigation, or if you are a Pearson shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (email@example.com) by email or by phone at 619-814-4471. If emailing, please include a phone number where you can be reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
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SOURCE Johnson & Weaver, LLP