January 29, 2019 - The court granted in part and denied in part the defendants' motion to dismiss.

January 16, 2018 - A motion to dismiss the second amended consolidated complaint was filed.

November 17, 2017 - A second amended consolidated complaint was filed.

September 6, 2017 - The court granted the defendants' motion to dismiss. The plaintiffs were given leave to amend the complaint.

November 14, 2016 - A motion to dismiss the amended consolidated complaint was filed.

September 28, 2016 - An amended consolidated complaint was filed.

February 11, 2016 - An investor in shares of Navient Corp (NASDAQ: NAVI) filed a lawsuit in the U.S. District Court for the District of Delaware over alleged violations of Federal Securities Laws by Navient Corp in connection with certain allegedly false and misleading statements made between May 9, 2014 and February 5, 2016.

According to the complaint the plaintiff alleges on behalf of purchasers of Navient Corp (NASDAQ: NAVI) common shares between May 9, 2014 and February 5, 2016, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that between May 9, 2014 and February 5, 2016 defendants issued allegedly materially false and misleading statements to investors and/or failed to disclose that Navient Corp’s loan servicing practices were not in compliance with applicable federal regulations, that Navient Corp’s non-compliance with federal regulations could subject Navient Corp and its subsidiaries to restitution, civil monetary penalties, and corrective actions, and that as a result, defendants’ statements about Navient Corp’s business, operations, and prospects were false and misleading and/or lacked a reasonable basis at all relevant times. Navient Corp, which was formed in 2014 by the split of Sallie Mae into two distinct entities, Sallie Mae Bank and Navient Corp, is a loan management, servicing and asset recovery company.

On August 1, 2014, Navient Corp disclosed that the Consumer Finance Protection Bureau (CFPB) was investigating the student loan servicer's handling of loans, disclosures, and assessments of late fees.

On January 21, 2015, Navient Corp reported its fourth quarter and full year 2014 financial results. Navient Corp reported that its annual Total Revenue declined from over $5.37 billion in 2013 to $4.73 billion in 2014 and that its respective Net Income declined from over $1.41 billion in 2013 to over $1.14 billion in 2014.

On August 24, 2015, Navient Corp disclosed that on August 19, 2015, Navient Solutions, Inc (“NSI”), a wholly-owned subsidiary of Navient Corp, received a letter from the CFPB notifying Navient Solutions, Inc that, in accordance with the CFPB’s discretionary Notice and Opportunity to Respond and Advise process, the CFPB’s Office of Enforcement is considering recommending that the CFPB take legal action against Navient Solutions, Inc.

On February 6, 2016, U.S. presidential candidate Hillary Clinton stated that Navient's behavior is outrageous and that the company has been misleading people and doing some really terrible things.

Shares of Navient Corp (NASDAQ: NAVI) declined from $22.37 per share in February 2015 to as low as $8.20 per share on February 11, 2016.