Defendant Name:
Pearson Plc
Defendant Type:
Public Company
SIC Code:
2731
CUSIP:
70501510
Document Reference:
33-10963
Document Details
Legal Case Name
In the Matter of Pearson plc
Document Name
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
Document Date
16-Aug-2021
Document Format
Administrative Proceeding
Allegation Type
Issuer Reporting and Disclosure
Document Summary
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."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$1,000,000.00
Shared: