NEW ORLEANS, Nov. 10, 2017 /PRNewswire/ -- ClaimsFiler, a
FREE shareholder information service, reminds investors that they
have until December 15, 2017
to file lead plaintiff applications in a securities class
action lawsuit against Navient Corporation (NasdaqGS: NAVI), if
they purchased the Company's securities between February 25, 2016 through October 4, 2017, inclusive (the "Class Period").
This action is pending in the United States District Court for the
District of New Jersey.
Get Help
Navient investors should visit us at
https://www.claimsfiler.com/cases/view-navient-corporation-securities-litigation-1
or call to speak to our claim center toll-free at (844) 367-9658.
About the Lawsuit
Navient and certain of its executives are charged with failing
to disclose material information during the Class Period, violating
federal securities laws.
On October 5, 2017, the
Pennsylvania Attorney General
announced a lawsuit against Navient for unfair and deceptive
lending practices associated with the origination of subprime loans
to high risk borrowers as well as guiding borrowers to payment
postponement plans (thereby allowing loan interest to accumulate),
rather than promoting income-based repayment plans.
On this news, the price of Navient's shares plummeted
$2.10 per share, or over 14%, from
its previous closing price to close at $12.60 per share.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information
source to help retail investors recover their share of billions of
dollars from securities class action settlements. ClaimsFiler's
team of experts monitor the securities class action landscape and
cull information from a variety of sources to ensure comprehensive
coverage across a broad range of financial instruments.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
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