EQUITY ALERT: Goldberg Law PC Announces the Filing of a Securities Class Action Lawsuit against Navient Corporation

LOS ANGELES, Oct. 20, 2017 /PRNewswire/ -- Goldberg Law PC, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Navient Corporation ("Navient" or the "Company") (Nasdaq: NAVI) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's shares between February 25, 2016 and October 4, 2017, inclusive (the "Class Period"), are encouraged to contact the firm before December 15, 2017, the lead plaintiff motion deadline.

If you are a shareholder who suffered a loss during the Class Period, click here to participate.

We also encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights free of charge. You can also reach us through the firm's website at http://www.goldberglawpc.com/, or by email at [email protected].

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Complaint alleges that during the Class Period, Navient made false and/or misleading statements and/or failed to disclose that: the Company engaged in deceptive practices to facilitate the origination of subprime loans; that Navient committed unfair and deceptive acts by steering student borrowers into payment plans that postponed bills, allowing interest to accumulate, rather than helping them enroll in income-driven repayment plans; and that as a result of the above, the Company's public statements were materially false and misleading at all relevant times. When this news was announced, Navient's stock price dropped materially, which caused investors harm.

Goldberg Law PC represents investors around the world, and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

Contact:

Goldberg Law PC, Los Angeles
Michael Goldberg, Esq., 800-977-7401
Brian Schall, Esq., 800-977-7401
[email protected] 
www.Goldberglawpc.com 

SOURCE Goldberg Law PC