Educational publishing giant
Chegg shares dropped a total of 4.2% on Monday and Tuesday.
According to the suit filed in federal court in New Jersey, Chegg violated copyright law by selling answer sets to Pearson textbooks through its “Chegg Study” website. The site claims it has answers to questions in 9,000 textbooks. Pearson accused Chegg of earning most of its income from selling answers.
“By using and copying Pearson’s original creative content to make answer sets based on that content, Chegg infringes Pearson’s exclusive ...
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