GlobeNewswire Inc | Nov 7, 2020 07:56PM EST

November 08, 2020

NEW YORK, Nov. 07, 2020 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Navient Corporation (Navient or the Company) (NASDAQ:NAVI). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether Navient and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

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On October 21, 2020, New Jersey Attorney General Gurbir Grewal sued Navient Corporation in Superior Court in Essex County. The Attorney Generals complaint alleges that Navient engaged in unconscionable commercial practices, deceptive conduct, and misrepresentations when servicing thousands of New Jersey consumers student loans. The lawsuit also states that Navient has violated New Jersey's consumer protection laws. On this news, Navients stock price fell sharply during intraday trading on October 22, 2020.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT:Robert S. WilloughbyPomerantz LLPrswilloughby@pomlaw.com888-476-6529 ext. 7980