IRVINE, Calif. — Khang & Khang LLP (the “Firm”) announces the filing of a securities class action lawsuit against Navient Corporation (“Navient” or the “Company”) (Nasdaq:NAVI). Investors who purchased or otherwise acquired shares between February 25, 2016 and October 4, 2017, inclusive (the “Class Period”), are encouraged to contact the Firm in advance of the December 15, 2017 lead plaintiff motion deadline.
If you purchased Navient shares during the Class Period, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 4000 Barranca Parkway, Suite 250, Irvine, CA 92604, by telephone: (949) 419-3834, or by e-mail at [email protected].
There has been no class certification in this case yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member as well.
According to the Complaint, throughout the Class Period, Navient made false and/or misleading statements and/or failed to disclose that: the Company engaged in deceptive practices to facilitate the origination of subprime loans; that the Company committed unfair and deceptive acts by steering student borrowers into payment plans that postponed bills, allowing interest to accumulate, rather than helping them enroll in income-driven repayment plans; and thus, the Company’s public statements were materially false and misleading at all relevant times. When this information was announced, shares of Navient fell in value materially, which caused investors harm according to the Complaint.
If you wish to learn more about this lawsuit, or if you have any questions concerning this notice or your rights, please contact Joon M. Khang, Esq., a prominent litigator for almost two decades, by telephone: (949) 419-3834, or via e-mail at [email protected].
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Joon M. Khang, Esq.