NAVIENT INVESTIGATION: Nationally Recognized Investor Rights Litigation Firm Labaton Sucharow Announces Investigation of Navient Corporation (NASDAQ: NAVI) Concerning Deceptive Conduct
Labaton Sucharow has initiated an investigation into Navient (NASDAQ: NAVI) following a lawsuit filed by New Jersey Attorney General Gurbir Grewal. The lawsuit, dated October 21, accuses Navient of using deceptive tactics to enhance profits while violating consumer protection laws in servicing student loans. This news has resulted in a over 5% decline in Navient's stock price, reflecting significant investor concern about potential legal repercussions and financial implications.
- None.
- Stock price has dropped over 5% due to the lawsuit announcement.
- Lawsuit alleges unconscionable commercial practices and deceptive conduct.
- Violations of New Jersey consumer protection laws reported.
NEW YORK--(BUSINESS WIRE)--Labaton Sucharow, a global investor rights law firm, announces an investigation on behalf of purchasers of the securities of Navient (NASDAQ: NAVI) and encourages stock, option, and derivative purchasers to contact the firm.
The New Jersey Attorney General Gurbir Grewal sued Navient Corporation (NAVI) on October 21, alleging the student loan servicing giant deployed “deceptive, misleading” tactics to boost its profits.
The lawsuit, filed in the Superior Court in Essex County, argues that Navient is “engaged in unconscionable commercial practices, deceptive conduct, and misrepresentations when servicing thousands of New Jersey consumers’ student loans.” The lawsuit also states that Navient has violated New Jersey consumer protection laws.
On this news, Navient stock is down over
If you are a current stockholder, derivative, or options holder of Navient and wish to learn more or discuss the issues surrounding the investigation, please contact David J. Schwartz using the toll-free number (800) 321-0476 or via email at dschwartz@labaton.com.
About the Firm
Labaton Sucharow LLP is one of the world’s leading complex litigation firms representing clients in securities, antitrust, corporate governance and shareholder rights, and consumer cybersecurity and data privacy litigation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at http://www.labaton.com.
