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Lord Abbett Affiliated Fund, Inc. v. Navient Corp., DEFAX Case No. D67873 (D.Del. Sep. 6, 2017), Sleet, J. (9 pages).
Publication Date: 2017-09-20
Practice Area:
Industry:
Court: U.S. District Court of Delaware
Judge:
Attorneys:
For plaintiff:
For defendant:
Case number: D67873

Plaintiffs' allegations of fraudulent conduct in this securities law matter were not sufficiently specific to meet the heightened pleading requirements. Motion to dismiss gr

Lord Abbett Affiliated Fund, Inc. v. Navient Corp., DEFAX Case No. D67873 (D.Del. Sep. 6, 2017), Sleet, J. (9 pages).
Publication Date: 2017-09-20
Practice Area:
Industry:
Court: U.S. District Court of Delaware
Judge:
Attorneys:
For plaintiff:
For defendant:
Case number: D67873

Plaintiffs' allegations of fraudulent conduct in this securities law matter were not sufficiently specific to meet the heightened pleading requirements. Motion to dismiss gr

September 07, 2017 | Delaware Law Weekly

Sleet Grants 'Do Over' for Investors' Complaint Over Student Loan Reporting

A Delaware federal judge on Wednesday gave class plaintiffs a second chance to file a complaint accusing Navient Corp. of underreporting to investors the number of delinquent accounts in its student loan portfolio, after tossing the first one for faulty pleading.
3 minute read
August 11, 2017 | The Legal Intelligencer

CFPB Touts Recent Ruling to Ward Off Constitutional Challenges

As its independent, single-director design continues to come under attack, the Consumer Financial Protection Bureau (CFPB) this week trumpeted a judge's recent refusal to toss the agency's allegations that student loan servicer Navient Corp. mishandled payments and its communications with borrowers.
4 minute read
August 10, 2017 | National Law Journal

CFPB Touts Recent Ruling to Ward Off Constitutional Challenges

The CFPB made sure Wednesday that a decision in Pennsylvania doesn't go unnoticed in Minnesota and Manhattan, where it's facing similar motions to dismiss cases.
3 minute read
August 09, 2017 | National Law Journal

The CFPB Is Losing a Trial Court Ally in the US Justice Department

The move away from CFPB cases comes months after the Justice Department, under Attorney General Jeff Sessions, said it would no longer defend the lawfulness of the CFPB's independent, single-director design.
18 minute read
August 07, 2017 | The Legal Intelligencer

CFPB's Dodd-Frank Suit Against Navient Can Proceed

Navient, the federal government's student loan servicer, can't shake claims that it mishandled students' payments and miscommunicated with them about repayment plans, a federal judge has ruled.
2 minute read
May 31, 2017 |

Squeezed: CFPB's Director in a Tight Spot as GOP Pushes to Diminish Dodd-Frank's Crown Jewel

The CFPB is being targeted by Congress, Trump, the courts, and corporate and business leaders. What does this mean for the structure and mission of a critical Obama-legacy agency; for Cordray himself; and for consumers.
30 minute read
May 31, 2017 | National Law Journal

Squeezed: CFPB's Director in a Tight Spot as GOP Pushes to Diminish Dodd-Frank's Crown Jewel

The CFPB is being targeted by Congress, Trump, the courts, and corporate and business leaders. What does this mean for the structure and mission of a critical Obama-legacy agency; for Cordray himself; and for consumers.
30 minute read
March 15, 2017 |

Despite Better Economy, Student Loan Defaults Rising, Study Finds

The stock market is up, unemployment is down but things aren't rosy for all Americans.
7 minute read

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