Pearson’s Nonprofit Arm Settles Investigation
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The nonprofit arm of publishing giant Pearson Inc. agreed Thursday to pay $7.7 million to settle an investigation into whether it improperly sent government employees on international junkets.
The London-based company didn't admit wrongdoing in the settlement with the New York state Attorney General's office. The bulk of the settlement, $7.5 million, will go toward 100Kin10, an organization that is trying to place 100,000 highly-qualified math and science teachers in classrooms across America by 2021.