NEW YORK, April 27, 2015 /PRNewswire/ -- Bernstein Liebhard LLP is investigating whether the Board of Directors of Navient Corporation ("Navient" or the "Company") (NASDAQ: NAVI) breached their fiduciary duties to shareholders by violating governmental regulations relating to student loans.
Navient is the nation's largest servicer of student loans. The Company is currently under investigation by financial regulators and prosecutors across the country. The Consumer Financial Protection Bureau, the federal agency charged with protecting borrowers from unscrupulous lenders, has multiple probes into Navient's debt-collection and loan-servicing practices. The U.S. Department of Education is investigating Department of Justice allegations that the Company intentionally cheated active-duty troops on their federal student loans. State prosecutors and federal regulators met in mid-February in Chicago to discuss their investigation into the Company, according to news sources.
If you are interested in discussing your rights as a Navient shareholder and/or have information relating to the matter, please contact Joseph R. Seidman, Jr. at (877) 779-1414 or [email protected].
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. The National Law Journal has recognized Bernstein Liebhard for twelve consecutive years as one of the top plaintiffs' firms in the country.
Bernstein Liebhard LLP
10 East 40th Street
New York, New York 10016
(877) 779-1414
www.bernlieb.com
ATTORNEY ADVERTISING. © 2015 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
Contact Information
Joseph R. Seidman, Jr.
Bernstein Liebhard LLP
http://www.bernlieb.com
(212) 779-1414
[email protected]
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SOURCE Bernstein Liebhard LLP
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