LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming April 11, 2016 deadline to file a lead plaintiff motion in the class action filed on behalf of a class (the “Class”) of investors who purchased Navient Corporation (“Navient” or the “Company”) (NASDAQ: NAVI) securities between May 9, 2014 and February 5, 2016, inclusive (the “Class Period”). Investors who suffered losses on their investment in Navient securities are encouraged to contact GPM to discuss their legal rights in this class action.
The complaint alleges that throughout the Class Period, Navient made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Navient made false and/or misleading statements and/or failed to disclose that: (1) the Company’s loan servicing practices were not in compliance with applicable federal regulations; (2) the Company’s non-compliance with federal regulations could subject Navient and its subsidiaries to restitution, civil monetary penalties, and corrective actions; and (3) as a result of the foregoing, Navient’s public statements were materially false and misleading at all relevant times. Upon disclosure of the Company’s lower financial performance, and potential regulatory actions against the Company, Navient shares declined sharply in value.
If you purchased shares of Navient during the Class Period, or if you have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.