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

08 Feb, 2016, 14:47 ET from Bronstein, Gewirtz & Grossman, LLC

NEW YORK, Feb. 8, 2016 /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") (NASDAQ: NAVI). Such investors are advised to contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz at info@bgandg.com or 212-697-6484.

This investigation concerns whether Navient and certain of its officers and/or directors have violated the Federal Securities Laws under the Securities Exchange Act of 1934 (the "Exchange Act").

On August 1, 2014, post-market, Navient released that the Consumer Finance Protection Bureau (CFPB) was investigating the student loan servicer's handling of loans, disclosures, and assessments of late fees. Following this news, Navient stock fell $0.17, or 1%, to close at just $17.17 per share on August 4, 2014.  

On August 24, 2015, post-market, Navient conveyed that on August 19, 2015, the wholly-owned subsidiary Navient Solutions, Inc. (NSI) was sent 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 in connection with the previously disclosed investigation.  The CFPB may seek reimbursement, civil monetary penalties, and corrective action against NSI.  Following this news, the company's stock fell $1.01, or roughly 7.73% to close at just $12.05 per share on August 25, 2015. 

On February 6, 2016, U.S. presidential candidate Hillary Clinton stated that Navient's "behavior is outrageous" and that the company has been "misleading people" and "doing some really terrible things."  Following this news, Navient stock has fallen as much as $0.73, or 7.7%, to $8.78 per share during intraday trading on February 8, 2016.

If you are aware of any facts relating to this investigation, or purchased shares of Navient, you can assist this investigation by visiting the firm's site: http://www.bgandg.com/#!navi/uyh0d. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz 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 Yael Hurwitz 212-697-6484 | info@bgandg.com

 

SOURCE Bronstein, Gewirtz & Grossman, LLC



RELATED LINKS

http://www.bgandg.com