Robbins Arroyo LLP Is Investigating the Officers and Directors of Navient Corporation (NAVI) on Behalf of Shareholders
Robbins Arroyo LLP is investigating whether certain officers and directors of Navient Corporation (NasdaqGS: NAVI) breached their fiduciary duties to shareholders by engaging in improper lending practices. Navient provides asset management and business processing services to education, health care, and government clients at the federal, state, and local levels in the United States.
Navient Accused of Engaging in Predatory Loan Practices
Navient, which has been the focus of multiple lawsuits this past year, is now the subject of another federal lawsuit. The complaint, filed by Pennsylvania Attorney General Josh Shapiro, alleges that Navient officials peddled risky and expensive subprime loans that they knew were likely to default and failed to perform core servicing duties while servicing student loans. Students borrowed from Navient under the assumption that Navient’s loans and packages were designed to help students get the most out of their financial aid. Instead, Navient’s loan practices featured payment plans that postponed bills and allowed interest to accumulate, ultimately leaving borrowers struggling with higher payments or defaulting entirely.
Navient Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Leonid Kandinov at (800) 350-6003, or you can complete the form below and we will contact you directly.