Rosen Law Firm, a global investor rights law firm, announces the filing
of a class action lawsuit on behalf of purchasers of Navient Corporation
securities (NASDAQ:NAVI) from May 9, 2014 through February 5, 2016,
inclusive (the “Class Period”). The lawsuit seeks to recover damages for
Navient investors under the federal securities laws.
To join the Navient class action, go to the firm’s website at http://rosenlegal.com/cases-836.html
or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653
or email pkim@rosenlegal.com or kchan@rosenlegal.com
for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS
CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU
MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU
MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, throughout the Class Period defendants issued
materially false and misleading statements to investors and/or failed to
disclose that: (1) Navient’s loan servicing practices were not in
compliance with applicable federal regulations; (2) Navient’s
non-compliance with federal regulations could subject Navient and its
subsidiaries to restitution, civil monetary penalties, and corrective
actions; (3) 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. When the true details
entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as
lead plaintiff, you must move the Court no later than April 11, 2016. A
lead plaintiff is a representative party acting on behalf of other class
members in directing the litigation. If you wish to join the litigation,
go to the firm’s website at http://rosenlegal.com/cases-836.html
or to discuss your rights or interests regarding this class action,
please contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm
toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com
or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe, concentrating
its practice in securities class actions and shareholder derivative
litigation.
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