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Lord Abbett Affiliated Fund, Inc., et al v. Navient Corporation et al
Case Number:
1:16-cv-00112
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Abrams & Bayliss
- Andrews & Springer
- Ballard Spahr
- deLeeuw Law
- Friedlander & Gorris
- Labaton Keller
- Morris & Morris LLC
- Reid Collins
- Richards Layton
Companies
- Bank of America Corp.
- Barclays PLC
- Credit Suisse Group AG
- Deutsche Bank AG
- JPMorgan Chase & Co.
- Lord Abbett & Co. LLC
- Navient Corp.
- RBC Capital Markets
- The Royal Bank of Scotland Group PLC
- Wells Fargo & Co.
Sectors & Industries:
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March 17, 2022
Navient Investor Class Attys Get $9.9M Out Of $35M Deal
A team of attorneys from Bernstein Litowitz Berger & Grossmann LLP will receive 20% of a $35 million settlement reached between a class of investors and student loan servicer Navient Corp. over claims that the company misled investors, plus $2.9 million in litigation expenses.
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November 17, 2021
Navient To Pay $42.5M To End Investor Suits In Del., NJ
Student loan servicer Navient Corp. will pay $42.5 million combined to settle two securities class actions alleging the company misled investors about its practice of steering borrowers into costly forbearances and other purported misconduct, according to motions seeking preliminary approval of the deals in Delaware and New Jersey federal courts.
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August 25, 2020
Navient Investors Get Class Cert. In Stock Inflation Suit
Navient investors won a bid Tuesday to pursue their stock price inflation suit as a class action, though the Delaware federal judge who granted the request pared back one of the classes based on a challenge by the student loan servicing giant.
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January 29, 2019
Navient Corp. Must Face Trimmed Investor Suit
A Delaware federal judge ruled Tuesday that Navient can't escape a proposed class action alleging it inflated its stock price by concealing problems in its loan holdings and other risks, allowing investors to proceed with some of their case after an earlier version got the chop.
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January 17, 2018
Navient Says Investors' Latest Complaint Still Falls Short
Navient Corp. urged a Delaware federal judge on Tuesday to throw out a group of investors' latest attempt at a suit alleging the loan servicer engaged in such misconduct as misusing loan forbearances to manipulate its financial results, arguing that the investors' revisions to their complaint can't save it from dismissal.
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September 07, 2017
Del. Judge Gives Boot To Investor Suit Against Navient
A Delaware federal judge on Wednesday tossed a proposed investor class action brought against Navient Corp. over a range of alleged misconduct including the manipulation of loan forbearances, agreeing with the nation's largest student loan servicer that the investors' amended complaint amounted to a "puzzle pleading."