NEW YORK, Oct. 24, 2020 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Navient Corporation (NASDAQ: NAVI) resulting from allegations that Navient may have issued materially misleading business information to the investing public.
On October 20, 2020, the Attorney General of New Jersey filed a lawsuit against Navient. That same day, in a press release issued by the Office of the Attorney General announcing the lawsuit, the suit was summarized as "alleging the student loan servicer engaged in unconscionable commercial practices, deceptive conduct, and misrepresentations when servicing thousands of New Jersey consumers' student loans."
On this news, Navient's stock price fell over 7% to close at $9.18 per share on October 21, 2020.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm's attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.
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