June 11, 2013
An Illinois federal judge on Monday tossed allegations that All Know Holdings committed securities fraud when it bought stock in a Chinese education company, saying there was insufficient evidence of insider information in the purchase days before Pearson PLC announced a $294 million deal to buy the company.
December 06, 2011
The chairman of a Chinese company purchased by British education and publishing giant Pearson PLC for $294 million likely tipped her associates ahead of the merger, the U.S. Securities and Exchange Commission said in a securities fraud suit filed Monday in Illinois federal court.