Company name Navient Corporation
Stock symbol NAVI
Class period February 25, 2016 to October 4, 2017
Lead plaintiff deadline December 15, 2017
Court District of New Jersey
Status Under Investigation

NEW YORK, October 23, 2017 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the U.S. District Court for the District of New Jersey on behalf of all persons or entities who purchased or otherwise acquired Navient Corporation (NASDAQ: NAVI) securities between February 25, 2016 and October 4, 2017 (the “Class Period”).  Investors have until December 15, 2017 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

On Thursday October 4, 2017, the Pennsylvania Attorney General’s office filed a lawsuit alleging that Navient deceived student loan borrowers to boost profit.  According to Pennsylvania Attorney General, Josh Shapiro, “The scheme costs billions of dollars that’s been taken out of the pockets of students.”

Following this news, shares of Navient fell $2.10 per share, or over 14%, to close at $12.60 per share on October 5, 2017.

If you purchased or otherwise acquired Navient securities and suffered a loss, have information, 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 Brandon Walker or Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.

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Call to provide more information: Tel: (212) 308-5858

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The submission of this form does not create an attorney-client relationship, nor any obligation on the part of Bragar Eagel & Squire, P.C., or you to file a legal action. Any information you submit will be maintained as confidential. If Bragar Eagel & Squire, P.C., in its sole discretion, believes that you might be an appropriate class representative, Bragar Eagel & Squire, P.C., will contact you to discuss the matter and to determine whether to establish an attorney client relationship.