Glancy
Prongay & Murray LLP (“GPM”) reminds investors of the upcoming April
11, 2016 deadline to file a lead plaintiff motion in the class
action filed on behalf of a class (the “Class”) of investors who
purchased Navient Corporation (“Navient” or the “Company”) (NASDAQ: NAVI)
securities between May 9, 2014 and February 5, 2016, inclusive
(the “Class Period”). Investors who suffered losses on their investment
in Navient securities are encouraged to contact GPM to discuss their
legal rights in this class action.
The complaint alleges that throughout the Class Period, Navient made
materially false and misleading statements regarding the Company’s
business, operational and compliance policies. Specifically, Navient
made false and/or misleading statements and/or failed to disclose that:
(1) the Company’s loan servicing practices were not in compliance with
applicable federal regulations; (2) the Company’s non-compliance with
federal regulations could subject Navient and its subsidiaries to
restitution, civil monetary penalties, and corrective actions; and (3)
as a result of the foregoing, Navient’s public statements were
materially false and misleading at all relevant times. Upon disclosure
of the Company’s lower financial performance, and potential regulatory
actions against the Company, Navient shares declined sharply in value.
If you purchased shares of Navient during the Class Period, or if you
have information or would like to learn more about these claims, or have
any questions concerning this announcement or your rights or interests
with respect to these matters, please contact Lesley
Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los
Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by
email to shareholders@glancylaw.com,
or visit our website at http://www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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