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LOS ANGELES, Oct. 19, 2017 -- Lundin Law PC, a shareholder rights firm, announces the filing of a class action lawsuit against Navient Corporation (“Navient” or the “Company”) (Nasdaq:NAVI) concerning possible violations of federal securities laws between February 25, 2016 and October 4, 2017, inclusive (the “Class Period”). Investors who purchased or otherwise acquired shares during the Class Period should contact the firm prior to the December 15, 2017 lead plaintiff motion deadline.
To participate in this class action lawsuit, click here.
You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or you can e-mail him at [email protected].
No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
According to the Complaint, throughout the Class Period, Navient made false and/or misleading statements and/or failed to disclose that: the Company engaged in deceptive practices to facilitate the origination of subprime loans; that the Company 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 thus, the Company’s public statements were materially false and misleading at all relevant times. Upon release of this news, shares of Navient dropped in value materially, which caused investors harm according to the Complaint.
Lundin Law PC was founded by Brian Lundin, Esq., a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contact:
Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
[email protected]
http://lundinlawpc.com/
