1:16cv112 • February 26, 2016
Class Period Start
April 17, 2014
Class Period End
November 16, 2021
PSLRA Deadline
April 11, 2016
Case Allegations
10b5
Statutes of Repose
Apr 17, 2017
Country
United States
Court
Federal Court
Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.
Claim Deadline
April 13, 2022
Settlement Fund
$35,000,000
Settlement Status
Disbursed
Settlement Class
All persons or entities that (1) purchased or otherwise acquired Navient Corporation’s (“Navient”) common stock or Navient call options, or sold Navient put options, from April 17, 2014 through September 29, 2015, inclusive —and who were damaged thereby;1 and (2) All persons and entities who purchased or otherwise acquired Navient’s 5.000% Senior Notes due 2020, 5.875% Senior Notes due 2024, and 5.875% Senior Notes due 2021from November 6, 2014 through December 28, 2015, inclusive.
Claim Administrator
JND Legal Administration
Navient Securities Litigation
c/o JND Legal Administration
P.O. Box 91402
Seattle, WA 98111
+1 833-358-1847
[email protected]
Settlement Website
https://www.navientsecuritieslitigation.comHearing Date
March 17, 2022
Opt-out Deadline
December 31, 1969
Settlement Note
Download hereProof Of Claim
Download here
Mar 1, 2023
The court has approved the distribution of settlement funds to eligible class members. Investors with approved claims may receive payments from the settlement. If you have questions about your claim or payment, contact the claims administrator.
Mar 17, 2022
The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.
Dec 14, 2021
To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.
Nov 22, 2021
Preliminary Approval of Settlement
The court has granted preliminary approval of a proposed settlement. This means the settlement can move forward for further consideration, but it has not yet received final approval. Potential class members will generally receive notice explaining the settlement, their rights, and any deadlines for submitting a claim, objecting to the settlement, or choosing not to participate.
Nov 17, 2021
Apr 9, 2021
Mar 22, 2021
Dec 21, 2020
Sep 2, 2020
The court has determined that a class action is the appropriate method to bring the claims by class members. Usually, when a class is certified, the judge will also affirm an individual or entity to represent the class and finalize a class definition (i.e.: who is represented in the lawsuit).
Aug 25, 2020
The court has determined that a class action is the appropriate method to bring the claims by class members. Usually, when a class is certified, the judge will also affirm an individual or entity to represent the class and finalize a class definition (i.e.: who is represented in the lawsuit).
Jun 8, 2020
Apr 30, 2020
Apr 7, 2020
Dec 13, 2019
Sep 6, 2019
Motion for Class Certification
The plaintiffs have asked the court to approve the lawsuit to proceed as a class action on behalf of a group of investors. The judge will decide whether the case meets the requirements for class certification and which investors and claims may be included.
Mar 4, 2019
Jan 29, 2019
Motion to Dismiss Denied in Part
The court has determined that plaintiffs have adequately alleged some of their claims, but have failed to adequately allege other claims. The judge has therefore denied in part the motion to dismiss filed by defendants and written an order stating which claims are dismissed and which remain. The case will proceed and parties will litigate the remaining claims.
Jan 16, 2018
After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.
Jan 10, 2018
Nov 17, 2017
A new complaint has been filed on behalf of certain investors in NAVIENT CORP. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.
Sep 6, 2017
The court has granted the defendants' request to dismiss the lawsuit. Depending on the court's decision, the plaintiffs may be allowed to file an updated complaint or pursue an appeal.
Nov 14, 2016
After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.
Sep 28, 2016
A new complaint has been filed on behalf of certain investors in NAVIENT CORP. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.
Jul 21, 2016
Jun 30, 2016
The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.
Feb 26, 2016
A securities fraud class action complaint has been filed on behalf of certain investors in NAVIENT CORP.
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