NEW ORLEANS–(BUSINESS WIRE– Former Louisiana Attorney General Charles C. Foti, Jr., Esq., A partner in law firm Kahn Swick & Foti, LLC (“KSF”), announced that KSF has opened an investigation into Navient Corporation (NasdaqGS: NAVI ).
In 2017 and 2018, several civil lawsuits were filed against the Company by attorneys general in Illinois, Pennsylvania, Washington, California, and Mississippi, as well as the United States Bureau of Consumer Financial Protection (“CFPB”) and for violations of state and / or state consumer protection laws, based on allegations of widespread misconduct harming borrowers of the loans it manages The company has also received separate CIDs or subpoenas from attorneys general for Columbia, Kansas, Oregon, Colorado, New Jersey, New York, and Indiana districts for similar reasons. In October 2020, the New Jersey Attorney General filed a lawsuit against the company for violating New Jersey consumer laws. ”
The company has also been sued in class actions for failure to disclose material information in violation of federal securities laws. Recently, a New Jersey federal judge certified the class in the consolidated case so the case can go further.
The actions of the company’s executives have exposed it to potential penalties, fines and other financial loss from the numerous investigations and lawsuits filed by officials, consumers and shareholders.
KSF’s investigation is focused on whether the officers and / or directors of Navient have violated their duty of loyalty to Navient shareholders or have otherwise violated state or federal law.
If you have information that would assist KSF with the investigation, or were a long-term holder of Navient stock and would like to discuss your legal rights, please call 1-877-515-1850 toll free with no obligation or cost, or send an E -Mail KSF Managing Partner Lewis Kahn ([email protected]) or visit https://www.ksfcounsel.com/cases/nasdaqgs-navi/ for more information.
About Kahn Swick & Foti, LLC
KSF, partnered with former Louisiana Attorney General Charles C. Foti, Jr., is a law firm that specializes in securities, antitrust, and consumer litigation, as well as mergers and acquisitions and fiduciary disputes against listed companies on behalf of Shareholders focused. The company has offices in New York, California and Louisiana.
To learn more about KSF, you can visit www.ksfcounsel.com.