The Law Offices of Vincent Wong announce that a class action lawsuit has
been commenced in the USDC for the District of Delaware on behalf of
investors who purchased Navient Corporation (NASDAQ: NAVI) securities
between April 17, 2014 and December 28, 2015.
Click here to learn about the case: http://docs.wongesq.com/NAVI-Info-Request-Form-1117.
There is no cost or obligation to you.
The complaint alleges that during the Class Period, defendants
materially misstated the Company’s business metrics and financial
prospects by failing to disclose that: (a) an increased number of higher
risk Private Education Loan borrowers were not timely repaying their
loans; (b) Navient’s loan loss reserves were materially understated; (c)
the Company was engaged in unsound business practices; (d) the Company’s
operating structure was bloated; (e) a significant portion of the
Company’s low-rate credit facilities were at risk of being reduced or
eliminated, which would cause the Company to face higher borrowing
costs; and (f) based on the foregoing, defendants lacked a reasonable
basis for their positive statements about the Company’s prospects and
growth.
If you suffered a loss in Navient you have until April 11, 2016 to
request that the Court appoint you as lead plaintiff. Your ability to
share in any recovery doesn’t require that you serve as a lead
plaintiff. To obtain additional information, contact Vincent Wong, Esq.
either via email vw@wongesq.com, by
telephone at 212.425.1140, or visit http://docs.wongesq.com/NAVI-Info-Request-Form-1117.
Vincent Wong, Esq. is an experienced attorney that has represented
investors in securities litigations involving financial fraud and
violations of shareholder rights. Attorney advertising. Prior results do
not guarantee similar outcomes.
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