Two college professors have brought a proposed class action against the world’s largest book publisher in which they allege the company, Pearson PLC, uses sham sales and questionable bookkeeping to deny them and other textbook authors the royalties due.
Finance professors emeritus Lawrence Gitman and Michael Joehnk allege Pearson and its subsidiaries have systematically shortchanged them for royalties on their textbook, “Fundamentals of Investing,” and others they have written. Gitman, of San Diego State University, and Joehnk, of Arizona State University, say an audit shows the companies owe them more than $470,000.
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