July 17, 2023
A California federal judge has reduced a jury award to a former fintech executive who was found to have been wrongfully terminated by Navient Corp. after it bought his company, saying the ex-executive is entitled to $350,000 in performance incentives as opposed to the $1.4 million that the jury awarded him.
April 12, 2023
A California federal judge said Navient Corp. owes the co-founder and ex-CEO of a fintech startup it acquired over $900,000 in severance, benefits and other penalties after a jury found the company fired him without cause and unfairly denied him exit pay.
October 31, 2022
A California federal jury determined Monday that Navient Corp. didn't have cause to fire the co-founder and CEO of a fintech startup the student loan giant acquired for $155 million, entitling him to additional compensation that a judge will determine in a second phase of the trial.
October 28, 2022
Student loan servicer Navient bought a fintech startup, took its technology and improperly fired its CEO, counsel for the startup's founder Louis Beryl told a California federal jury during closing arguments Friday, while Navient's lawyer said the successful entrepreneur was unwilling to subject himself to corporate oversight.
October 26, 2022
The ex-CEO of a fintech startup acquired by Navient took the stand Wednesday in a California trial over claims the student lending giant breached their deal allowing him to continue running the company, telling jurors Navient is a "bully" that "made up a lie" to fire him without severance pay.
October 25, 2022
Counsel for the founder of a lending startup Navient bought for $155 million told a California federal jury during opening statements Tuesday that the student lending giant violated the deal that allowed the founder to remain as the company's CEO by giving him "unachievable" goals and then firing him without severance pay.