You are given a context, a pronoun, and a noun in this task. The given pronoun is shown in the context within parentheses. You should determine if the pronoun refers to the given noun or not. Please answer with "True" and "False".

Let me give you an example: Sam pulled up a chair to the piano , but (it) was broken, so he had to sing instead. <sep> Pronoun:it <sep> Noun: the piano
The answer to this example can be: True
Here is why: This is a good example. In this context, he had to sing after recognizing it was broken. So, it refers to the piano.

OK. solve this:
The older students were bullying the younger ones, so we punished (them) . <sep> Pronoun:them <sep> Noun: The older students
Answer:
True