Thieler Law Corp Announces Investigation of Navient Corporation

Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Navient Corporation (NASDAQ: NAVI) violated securities laws in connection with certain financial statements.

The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Navient Corporation (NASDAQ: NAVI) concerning whether a series of statements by Navient Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On July 13, 2015 Navient Corporation announced a large drop from its previous financial guidance for the remainder of its 2015 annual performance. The Company now expects second-quarter core earnings of $0.40 per share, and full-year 2015 core earnings of $1.85 per share. Navient stated in relevant part about its drop in this 2015 guidance, “the company has removed from 2015 guidance additional private loan acquisitions. The company also has reduced its forecast for net interest income as a result of increased cost of funds. As a result, for the second half of 2015, the net interest margin is projected to range between 3.83 percent and 3.85 percent for private education loans and between 0.81 percent and 0.85 percent for FFELP loans.” Jack Remondi, Navient CEO added, “the changes to our guidance reflect marketplace conditions for private loan portfolio purchases and cost of funds, as well as a conservative assessment of default trends for a small and declining segment of our private education loan portfolio.”

Following the release of this news, NASDAQ: NAVI shares fell over 10% in intra-day trading on July 14, 2015 on very heavy volume.

Based in Wilmington, DE, Navient Corporation is a provider of financial services and products in the United States.  Their business is divided into four segments, FFELP Loans, Private Education Loans, Business Services, and Other.

If you purchased shares of Navient Corporation (NASDAQ: NAVI) on or before July 13, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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