|Company Name||Navient Corporation|
On October 5, 2017, the Pennsylvania Attorney General filed a lawsuit against Navient , alleging that it engaged in practices that harmed borrowers, including marketing predatory loans and steering student borrowers into payment plans that postponed bills, which allowed interest to accumulate, rather than helping them enroll in income-driven repayment plans.
On this news, shares of Navient fell more than 14% on October 5, 2017, thereby injuring investors.
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