Faruqi and Faruqui, LLP Logo
Share this page

Navient Corporation (NAVI)

NASDAQ: NAVI

Summary

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In Navient Corporation To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Navient Corporation (“Navient” or the “Company”) (NASDAQ: NAVI) of the December 15, 2017 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you invested in Navient stock or options between February 25, 2016 and October 4, 2017 and would like to discuss your legal rights, please fill out the form below. There is no cost or obligation to you.  You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com. 

The lawsuit has been filed in the U.S. District Court for the District of New Jersey on behalf of all those who purchased Navient securities between February 25, 2016 and October 4, 2017 (the “Class Period”).  The case, Eli Pope v. Navient Corporation, et al. No. 1:17-cv-08373 was filed on October 16, 2017.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failed to disclose that: (1) the Company engaged in deceptive practices to facilitate the origination of subprime loans; (2) Navient committed unfair and deceptive acts by steering student borrowers into payment plans that postponed bills, rather than helping them enroll in income-driven repayment plans; and (3) as a result, Navient’s public statements were materially false and misleading at all relevant times.

Specifically, on October 5, 2017, Pennsylvania Attorney General Josh Shapiro announced the filing of a lawsuit in the United States District Court for the Middle District of Pennsylvania against Navient for engaging in unfair and deceptive lending and failure to offer proper prepayment plans to students.

After the announcement, Navient’s share price fell from $14.70 per share on October 4, 2017 to a closing price of $12.60 on October 5, 2017—a $2.10 or a 14.29% drop.

Request Information

Please tell us about yourself by completing the form and we will provide you with additional
information on how to join the Class Action at no cost to you.

  • Case:
    Navient Corporation (NAVI)
  •    

* The submission of this form does not create an attorney-client relationship.

Contact Counsel

Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 10/16/2017

Class Period:

  • 02/25/2016 - 10/04/2017

Send Information

If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.