SAN DIEGO, April 17, 2017 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in NASDAQ:NAVI shares over alleged Securities Laws Violations by Navient Corp.
Investors, who purchased shares of Navient Corp (NASDAQ: NAVI) prior to April 2014 and currently hold any of those NASDAQ: NAVI shares, should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On February 11, 2016, a lawsuit was filed 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.
Those who purchased Navient Corp (NASDAQ: NAVI) shares have certain options and should contact the Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a 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. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.