INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Navient Corporation of Class Action Lawsuit and a Lead Plaintif...
April 07 2016 - 12:16PM
The following statement is being issued by Levi & Korsinsky,
LLP:
To: All persons or entities who
purchased or otherwise acquired securities of
Navient Corporation (“Navient”) (NASDAQ:NAVI)
between April 17, 2014 and December 28, 2015.
You are hereby notified that a
securities class action has been commenced in the USDC for
the District of Delaware. If you purchased or otherwise acquired
Navient securities between April 17, 2014 and December 28, 2015,
your rights may be affected by this action. To get more information
go to:
http://zlk.9nl.com/navient.
The complaint alleges that during the Class
Period, defendants materially misstated the Company’s business
metrics and financial prospects by failing to disclose that: (a) an
increased number of higher risk Private Education Loan borrowers
were not timely repaying their loans; (b) Navient’s loan loss
reserves were materially understated; (c) the Company was engaged
in unsound business practices; (d) the Company’s operating
structure was bloated; (e) a significant portion of the Company’s
low-rate credit facilities were at risk of being reduced or
eliminated, which would cause the Company to face higher borrowing
costs; and (f) based on the foregoing, defendants lacked a
reasonable basis for their positive statements about the Company’s
prospects and growth.
If you suffered a loss in Navient you
have until April 11, 2016 to request that the Court
appoint you as lead plaintiff. Your ability to share in any
recovery doesn’t require that you serve as a lead plaintiff. To
obtain additional information, contact Joseph E. Levi, Esq. either
via email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/navient.
Levi & Korsinsky is a national firm with
offices in New York, New Jersey, California, Connecticut, and
Washington D.C. The firm’s attorneys have extensive expertise and
experience representing investors in securities litigation
involving financial fraud, and have recovered hundreds of millions
of dollars for aggrieved shareholders. Attorney advertising. Prior
results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
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