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January 13, 2022 | New York Law Journal

New York Joins 38 States in Deal With Student Loan Servicer Navient for $95M in Restitution, $1.7B in Debt Cancellation

Navient is represented in the California case by Austin Klar, a partner with Kirkland & Ellis in San Francisco.
4 minute read
January 13, 2022 | The Recorder

California, 38 States Reach Deal With Student Loan Servicer Navient for $95M in Restitution, $1.7B in Debt Cancellation

Navient is represented in the California case by Austin Klar, a partner with Kirkland & Ellis in San Francisco.
3 minute read
January 13, 2022 | Delaware Business Court Insider

Del. Borrowers to Receive $5.3M In Relief From $1.7B Debt Cancellation Settlement With Navient

Delaware's Department of Justice "played a leading role in investigating Navient's alleged misrepresentations regarding the dischargeability of private student loans in bankruptcy," according to the release.
3 minute read
July 15, 2021 | New York Law Journal

Privately Issued Student Loans May Be Discharged in Bankruptcy, 2nd Circuit Rules

A unanimous panel of the Manhattan-based appeals court held that the loans did not qualify as the type of "educational benefit" that can be exempted from discharge under federal statute.
4 minute read
December 30, 2019 | New Jersey Law Journal

Navient Fails to Dismiss Shareholder Suit Over 'Forbearance Scheme' Statements

U.S. District Judge Robert Kugler said Navient failed to demonstrate that the complaint lacks the requisite elements of material falsity, scienter and loss causation.
4 minute read
December 05, 2018 | National Law Journal

Ex-CFPB Official Resists 'Fishing Expedition' Deposition in Student Loan Suit

Seth Frotman, the CFPB's former student loan ombudsman, said the deposition would set a “bad precedent” that would deter people from taking government posts.
4 minute read
November 06, 2018 | The Legal Intelligencer

CFPB, Locked in Discovery Dustup, Denies Withholding Documents From Navient

The Consumer Financial Protection Bureau is disputing student loan lender Navient's claim that it has provided just a small fraction of documents that could be critical to the company's defense.
5 minute read
April 18, 2018 | Delaware Law Weekly

Navient Seeks Dismissal of Securities Suit Over Student Loan Reporting

Navient Corp. is challenging assertions in a securities class action that top executives at the Wilmington-based Sallie Mae spin-off knew the firm was underreporting to investors the number of delinquent accounts in its student loan portfolio.
3 minute read
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

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