NEW YORK, Jan. 23, 2017 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential misconduct at Navient Corporation ("Navient" or the "Company") (NASDAQ: NAVI).
The investigation focuses on whether the Company's Board of Directors and/or its officers committed mismanagement and breached their fiduciary duties in connection with the Company's loan servicing practices. On January 18, 2017, the Consumer Financial Protection Bureau ("CFPB") filed a complaint against Navient alleging that the Company "failed to perform its core duties in the servicing of student loans, violating Federal consumer financial laws as well as the trust that borrowers placed in [Navient]." According to an article by The Wall Street Journal ("WSJ"), the CFPB "alleged that the company harmed consumers by providing inaccurate information, failing to process payments properly and not responding to borrower complaints. Navient also 'illegally cheated' borrowers out of their rights to lower repayments, helping push customers into default."
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If you currently own Navient stock and would like to discuss your legal rights, please visit www.faruqilaw.com/NAVI. You can also contact us by calling Nina Varindani toll free at (212) 983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding Navient's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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FARUQI & FARUQI, LLP
685 3rd Avenue, 26th Floor
New York, NY 10017
Attn: Nina Varindani
Telephone: (212) 983-9330
Attn: Stuart Guber
Telephone: (215) 277-5770
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