Defendant Name: Pearson Plc

Defendant Type: Public Company
SIC Code: 2731
CUSIP: 70501510

Initial Case Details

Legal Case Name In the Matter of Pearson plc
First Document Date 16-Aug-2021
Initial Filing Format Administrative Action
File Number 3-20462
Allegation Type Issuer Reporting and Disclosure

Violations Alleged

Exchange Act
• Rule 12b-20
• Sec 13(a)
• Rule 13a-15
Securities Act
• Sec 17(a)(2)
• Sec 17(a)(3)
Other
• Rule 13a-16 Exchange Act

Resolutions

First Resolution Date 16-Aug-2021
Headline Total Penalty and Disgorgement $1,000,000

Related Documents:

33-10963 16-Aug-2021 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings, Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
On August 16, 2021, the SEC instituted settled cease-and-desist proceedings against Pearson plc stating: "Pearson, a multinational educational publishing and services company, made material misstatements and omissions regarding a 2018 cyber intrusion that affected several million rows of student data across 13,000 school, district, and university AIMSweb 1.0 customer accounts in the United States."
33-10963-s 16-Aug-2021 Administrative Summary
SEC Charges Pearson Plc for Misleading Investors About Cyber Breach
The SEC "announced that Pearson plc, a London-based public company that provides educational publishing and other services to schools and universities, agreed to pay $1 million to settle charges that it misled investors about a 2018 cyber intrusion involving the theft of millions of student records, including dates of births and email addresses, and had inadequate disclosure controls and procedures."
2021-154 16-Aug-2021 Press Release--Administrative Proceeding
SEC Charges Pearson plc for Misleading Investors About Cyber Breach
The SEC "announced that Pearson plc, a London-based public company that provides educational publishing and other services to schools and universities, agreed to pay $1 million to settle charges that it misled investors about a 2018 cyber intrusion involving the theft of millions of student records, including dates of births and email addresses, and had inadequate disclosure controls and procedures."