Legal issues weigh on Earnest acquisition
Monday 30 October 2017 17:20 London/ 12.20 New York/ 01.20 (+ 1 day) Tokyo
Navient's recent acquisition of Earnest is seen as a bold move, given its ongoing legal challenges (SCI 13 October). While the takeover could lead to a surge in refi student loan ABS from the firm, investors in future transactions may need to consider whether they are buying into additional risks.
Joe Cioffi, partner at Davis & Gilbert, says: "I think ...
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