|[March 17, 2017]
NAVIENT INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Navient Corporation - NAVI
Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a
partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces
that KSF has commenced an investigation into Navient Corporation
On January 18, 2017, the Consumer Financial Protection Bureau ("CFPB")
filed a lawsuit against Navient Corporation (formerly known as Sallie
Mae, Inc.), alleging that Navient illegally created obstacles to
repayment of the student loans it services and manages by providing bad
information, incorrectly processing payments, and failing to address
borrowers' complaints. The CFPB further alleges that Navient cheated
many borrowers out of their rights to lower repayments, which caused
them to pay more for their loans. The CFPB also asserted that Navient
made it more difficult for borrowers to obtain the right to pay their
loans according to what they ca afford.
KSF's investigation is focusing on whether Navient's officers and/or
directors breached their fiduciary duties to Navient's shareholders or
otherwise violated state or federal laws.
If you have information that would assist KSF in its investigation, or
have been a long-time holder of Navient shares, and would like to
discuss your legal rights, you may, without obligation or cost to you,
call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney General
Charles C. Foti, Jr., is a law firm focused on securities, antitrust and
consumer class actions, along with merger & acquisition and breach of
fiduciary litigation against publicly traded companies on behalf of
shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170317005171/en/
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