LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC announces a class action lawsuit has been filed against Navient Corporation (“Navient” or the “Company”) (Nasdaq: NAVI) concerning possible violations of federal securities laws between May 9, 2014 and February 5, 2016. Investors who purchased or otherwise acquired shares during the Class Period should contact the Firm in advance of the April 11, 2016, lead plaintiff motion deadline.
No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
According to the complaint, the Company failed to disclose that: (1) Navient’s loan servicing practices were not in compliance with applicable federal regulations; and (2) Navient’s non-compliance with federal regulations may subject Navient and its subsidiaries to restitution, civil monetary penalties, and corrective actions.
Lundin Law PC was created by Brian Lundin, a securities litigator based in Los Angeles.
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