NEW YORK, Aug. 26, 2015 /PRNewswire/ -- Attorney
Advertising -- Bronstein, Gewirtz & Grossman, LLC is
investigating potential claims on behalf of purchasers of the
securities of Navient Corporation ("Navient" or the "Company")
(NasdaqGS: Navi -News). Such investors are advised to contact
Peretz Bronstein or his investor
relations coordinator Eitan Kimelman
at info@bgandg.com or 212-697-6484.
The investigation concerns whether Navient and certain of its
officers and/or directors have violated Sections 10(b) and 20(a) of
the Securities Exchange Act of 1934.
On August 1, 2014, post-market,
Navient disclosed a Consumer Finance Protection Bureau (CFPB)
investigation into its handling of loans, disclosures, and
assessments of late fees. On this news, NAVI shares fell
$0.17, or 1% to close at $17.17 the following trading day of August 4, 2014. On August
24, 2015, post-market, the company reported that on
August 19, 2015 wholly-owned
subsidiary Navient Solutions, Inc. (NSI) received a Notice and
Opportunity to Respond and Advise letter providing notice that the
CFPB's Office of Enforcement is considering recommending that CFPB
take legal action against NSI related to the previously disclosed
investigation. The CFPB may seek restitution, civil monetary
penalties, and corrective action against NSI.
Following this news, shares of Navient fell $1.01, or nearly 7.73% to close at $12.05 on August 25,
2015.
If you are aware of any facts relating to this investigation, or
purchased shares of Navient, you can assist this investigation by
contacting Peretz Bronstein or his
Investor Relations Coordinator Eitan
Kimelman of Bronstein, Gewirtz & Grossman, LLC at
212-697-6484 or via email info@bgandg.com. Those who inquire
by e-mail are encouraged to include their mailing address, email
and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation
boutique. Our primary expertise is the aggressive pursuit of
litigation claims on behalf of our clients. In addition to
representing institutions and other investor plaintiffs in class
action security litigation, the firm's expertise includes general
corporate and commercial litigation, as well as securities
arbitration. Attorney advertising. Prior results do not
guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
info@bgandg.com
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SOURCE Bronstein, Gewirtz & Grossman, LLC