SAN DIEGO, Jan. 12, 2019 /PRNewswire/ -- Shareholder Rights
Law Firm Johnson Fistel, LLP is investigating potential claims
against the following companies:
Navient Corporation (NASDAQ: NAVI) [click here to join this
action]
Synchrony Financial (NYSE:SYF) [click here
to join this action]
Ebix, Inc. (NASDAQ: EBIX)
[click here to join this action]
Navient Corporation (NAVI)
Shareholder Rights Law Firm
Johnson Fistel, LLP is investigating potential violations of
federal and state laws by Navient Corporation (NASDAQ: NAVI) and
certain of its officers. Navient provides asset management
and business processing services to education, health care, and
government clients at the federal, state, and local levels in
the United States.
Several years ago a securities class action complaint was filed
alleging that during the Class Period, defendants materially
misstated the Company's business metrics and financial
prospects.
Then in October 2018, a consumer
class action lawsuit was filed against Navient for misleading
borrowers regarding their loan servicing options in violation of
numerous state and federal laws.
If you have held Navient shares continuously long-term, you
may have standing to hold Naviant harmless from the damage the
officers and directors caused by making them personally
responsible. You may also be able to assist in reforming the
Company's corporate governance to prevent future
wrongdoing.
If you are interested in learning more about your legal
rights and remedies, please contact Jim
Baker (jimb@johnsonfistel.com) at 619-814-4471. If you
email, please include your phone number.
Additionally, you can [click here to join this action]. There
is no cost or obligation to you.
Synchrony Financial (SYF)
Shareholder Rights Law Firm
Johnson Fistel, LLP is investigating potential violations of
federal and state laws by Synchrony Financial (NYSE:SYF) and
certain of its officers.
Recently a securities class action lawsuit was filed on behalf
of purchasers of the securities of Synchrony from October 21, 2016 through November 1, 2018, (the "Class Period"). According
to the lawsuit, Defendants made false and/or misleading statements
and/or failed to disclose that Synchrony misrepresented that its
consistent and disciplined underwriting practices had led to a
higher quality loan portfolio than those of its competitors. In
truth, Synchrony had relaxed its underwriting standards and
increasingly offered private-label credit cards to riskier
borrowers in order to sustain growth, which consequently damaged
its relationship with retail partners.
On July 26, 2018, news outlets
reported that Walmart had chosen a competitor to replace Synchrony.
Then, on November 1, 2018, Wal-Mart
sued Synchrony, accusing it of improper underwriting in connection
with a Wal-Mart/Synchrony credit card program.
If you are a long-term shareholder of
Synchrony continuously holding shares before
February 2017, you may have
standing to hold Synchrony harmless from the alleged harm caused by
the officers and directors of the Company by making them personally
responsible. You may also be able to assist in reforming the
Company's corporate governance to prevent future wrongdoing.
If you are interested in learning more about your legal
rights and remedies, please contact Jim
Baker (jimb@johnsonfistel.com) at 619-814-4471. If you
email, please include your phone number.
Additionally, you can [click here to join this action]. There
is no cost or obligation to you.
Ebix, Inc. (EBIX)
Shareholder Rights Law Firm Johnson
Fistel, LLP is investigating potential violations of federal and
state laws by Ebix, Inc. (NASDAQ: EBIX) and certain of its
officers.
On October 5, 2018, Ebix announced
that the company had approved the appointment of T R Chadha &
Co. LLP as Ebix's independent registered public accounting firm
replacing Cherry Bekaert LLP. Following this news, Ebix's share
price plummeted more than 19%.
Then, in December 2018, Viceroy
Research Group published a series of reports, asserting, among
other things, that Ebix is "Over the course of our investigation
we uncovered evidence of what we believe is a scheme to
incorrectly book revenue and earnings." Following these
reports, the Company's share price declined further.
If you are interested in learning more about your legal
rights and remedies, please contact Jim
Baker (jimb@johnsonfistel.com) at 619-814-4471. If you
email, please include your phone number.
Additionally, you can [click here to join this action] .
There is no cost or obligation to you.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York, and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising. Past results do
not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
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SOURCE Johnson Fistel, LLP