Energy News / Shareholders Foundation, Inc.

Update in Lawsuit for Investors in Navient Corp (NASDAQ:NAVI) Shares

Via: ReleaseWire

Updated 12:00 PM CST, Tue, March 05,2019

A lawsuit was filed on behalf of investors in Navient Corp (NASDAQ:NAVI) shares over alleged securities laws violations.

San Diego, CA -- (SBWIRE) -- 03/05/2019 -- A lawsuit for certain investors in shares of Navient Corp (NASDAQ: NAVI) is pending against Navient Corp. over alleged Securities Laws Violations.

Investors who purchased shares of Navient Corp (NASDAQ: NAVI) should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On February 11, 2016, a lawsuit was against Navient Corp over alleged violations of securities laws. The plaintiff claimed that the defendants issued allegedly materially false and misleading statements to investors and/or failed to disclose that Navient's loan servicing practices were not in compliance with applicable federal regulations, that Navient's non-compliance with federal regulations could subject Navient and its subsidiaries to restitution, civil monetary penalties, and corrective actions, and that as a result, defendants' statements about Navient' business, operations, and prospects were false and misleading and/or lacked a reasonable basis at all relevant times.

On September 28, 2016, an amended complaint was filed and on November 14, 2016, the defendants filed their motion to dismiss the case. On September 6, 2017, the court granted the defendant's motion to dismiss the case with leave to amend and on November 17, 2017, a second amended complaint was filed. On January 10, 2018, the defendants filed their motion to dismiss the second amended complaint and January 29, 2019, the court denied in part the defendants' motion to dismiss the second amended complaint.

Those who purchased shares of Navient Corp (NASDAQ: NAVI) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

For more information on this press release visit:
http://www.sbwire.com/press-releases/update-in-lawsuit-for-investors-in-navient-corp-nasdaqnavi-shares-1163447.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com