SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Navient Corporation

Aug 26, 2015, 16:07 ET from Bronstein, Gewirtz & Grossman, LLC

NEW YORK, Aug. 26, 2015 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Navient Corporation ("Navient" or the "Company") (NasdaqGS: Navi -News).  Such investors are advised to contact Peretz Bronstein or his investor relations coordinator Eitan Kimelman at info@bgandg.com or 212-697-6484.

The investigation concerns whether Navient and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

On August 1, 2014, post-market, Navient disclosed a Consumer Finance Protection Bureau (CFPB) investigation into its handling of loans, disclosures, and assessments of late fees. On this news, NAVI shares fell $0.17, or 1% to close at $17.17 the following trading day of August 4, 2014. On August 24, 2015, post-market, the company reported that on August 19, 2015 wholly-owned subsidiary Navient Solutions, Inc. (NSI) received a Notice and Opportunity to Respond and Advise letter providing notice that the CFPB's Office of Enforcement is considering recommending that CFPB take legal action against NSI related to the previously disclosed investigation. The CFPB may seek restitution, civil monetary penalties, and corrective action against NSI.

Following this news, shares of Navient fell $1.01, or nearly 7.73% to close at $12.05 on August 25, 2015.

If you are aware of any facts relating to this investigation, or purchased shares of Navient, you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email info@bgandg.com.  Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
info@bgandg.com

 

SOURCE Bronstein, Gewirtz & Grossman, LLC



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