April 27, 2015
Bernstein Liebhard LLP is investigating whether the Board of Directors of Navient Corporation (“Navient” or the “Company”) (NASDAQ: NAVI) breached their fiduciary duties to shareholders by violating governmental regulations relating to student loans.
Navient is the nation’s largest servicer of student loans. The Company is currently under investigation by financial regulators and prosecutors across the country. The Consumer Financial Protection Bureau, the federal agency charged with protecting borrowers from unscrupulous lenders, has multiple probes into Navient’s debt-collection and loan-servicing practices. The U.S. Department of Education is investigating Department of Justice allegations that the Company intentionally cheated active-duty troops on their federal student loans. State prosecutors and federal regulators met in mid-February in Chicago to discuss their investigation into the Company, according to news sources.
If you are interested in discussing your rights as a Navient shareholder and/or have information relating to the matter, please contact Joseph R. Seidman, Jr. at (877) 779-1414 or firstname.lastname@example.org.
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. The National Law Journal has recognized Bernstein Liebhard for twelve consecutive years as one of the top plaintiffs’ firms in the country.