Law
Offices of Howard G. Smith reminds investors of the upcoming April
11, 2016 deadline to file a lead plaintiff motion in the class
action filed on behalf 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 over $50,000 on
their investment in Navient securities are encouraged to contact the Law
Offices of Howard G. Smith to discuss their legal rights.
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 Navient shares, you may move the Court no later than April
11, 2016 to request appointment as lead plaintiff. To be a member of
the class you need not take any action at this time; you may retain
counsel of your choice or take no action and remain an absent member of
the Class. If you wish to learn more about this action, or if you have
any questions concerning this announcement or your rights or interests
with respect to these matters, please contact Howard G. Smith, Esquire,
of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free
at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com,
or visit our website at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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