Defendant Name: Pearson Plc

Defendant Type: Public Company

Document Reference: 2021-154

Document Details

Legal Case Name In the Matter of Pearson plc
Document Name SEC Charges Pearson plc for Misleading Investors About Cyber Breach
Document Date 16-Aug-2021
Document Format Administrative Proceeding
File Number 3-20462
Allegation Type Issuer Reporting and Disclosure
Document Summary 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."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Monetary Penalties:

Civil Penalty

Individual:     $1,000,000.00 Shared:    

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."