A lawsuit was filed on behalf of investors in Navient Corp (NASDAQ:NAVI) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 11/06/2017 -- The Shareholders Foundation announces that an investor in NASDAQ:NAVI shares over alleged violations of Federal Securities Laws by Navient Corp.
Investors who purchased shares of Navient Corp (NASDAQ:NAVI) should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The plaintiff claims that between February 25, 2016 and October 4, 2017, the defendants made false and/or misleading statements and/or failed to disclose that Navient engaged in deceptive practices to facilitate the origination of subprime loans, that Navient committed unfair and deceptive acts by steering student borrowers into payment plans that postponed bills, allowing interest to accumulate, rather than helping them enroll in income-driven repayment plans, and that as a result, Navient's public statements were materially false and misleading at all relevant times.
Over the past year and a half, Navient has been hit with a number of lawsuits. The Consumer Financial Protection Bureau and Attorney Generals from Illinois and Washington have sued about alleged student loan servicing violations including: steering borrowers away from income-based repayment plans; obscuring renewal deadlines for borrowers enrolled in income-based repayment plans; handling payments incorrectly; misrepresenting the effects of loan rehabilitation; misreporting information to credit bureaus about disabled borrowers; and making predatory loans to students likely to default. Securities fraud class action lawsuits have also been filed regarding misrepresentations to investors, the disclosure of which allegedly caused the stock price to drop.
Those who purchased shares of Navient Corp (NASDAQ:NAVI) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
For more information on this press release visit:
Media Relations Contact
Email: Click to Email Michael Daniels