Bragar Eagel & Squire, P.C. is investigating potential claims on behalf of Navient Corporation (NASDAQ: NAVI) investors concerning whether the company’s officers and board of directors violated the federal securities laws or breached their fiduciary duties.

Navient provides financial products and services including federal family education loan program (FFELP) loans and servicing for FFELP loan portfolio.

On July 13, 2015, after the close of trading, Navient issued a press release reducing its earnings guidance to $0.40 per share for the second quarter of 2015 and to $1.85 per share for 2015, a more than 15% cut. Navient cited, in large part, the poor performance of its Private Educational Loan portfolio, emphasizing that borrowers who returned to school during the recession had not been repaying their loans on a timely basis. As a result, Navient disclosed that it would be forced to increase its Private Education Loan portfolio loan loss provision to $191 million for the second quarter of 2015 and to between $575 million and $600 million for 2015, diminishing earnings. In response to this news, the price of Navient stock plummeted, falling nearly $2 per share, or 11%, from its close on July 13, 2015, on unusually heavy trading volume.

Then, on August 24, 2015, 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 Consumer Finance Protection Bureau’s (“CFPB”) Office of Enforcement is considering recommending that CFPB take legal action against NSI. On this news, the company’s shares fell $1.01, or nearly 7.73%, to close at $12.05 on August 25, 2015.

If you purchased Navient securities, 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 J. Brandon Walker, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information, please go to www.bespc.com.

Bragar Eagel & Squire, P.C.J. Brandon Walker, Esq., 212-355-4648investigations@bespc.com

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