Core Viewpoint - A class action lawsuit has been initiated against SLM Corporation (Sallie Mae) for allegedly making false statements regarding its financial stability and delinquency rates during a specified period in 2025 [3][4]. Group 1: Class Action Details - The class action is on behalf of investors who purchased securities between July 25, 2025, and August 14, 2025, with a deadline for filing a lead plaintiff motion set for February 17, 2026 [1]. - Investors are encouraged to contact the Portnoy Law Firm for legal rights discussions and case evaluations [2]. Group 2: Allegations Against SLM - The lawsuit claims that SLM failed to disclose a significant increase in early-stage delinquencies, which led to an overstatement of the effectiveness of its loss mitigation and loan modification programs [3]. - A report from TD Cowen on August 14, 2025, indicated that July 2025 delinquencies rose by 49 basis points month-over-month, contradicting SLM's CFO's earlier assurances about normal seasonal trends [4]. - Following the TD Cowen report, SLM's stock price reportedly fell by approximately 8% [4].
Portnoy Law Firm Announces Class Action on Behalf of SLM Corporation a/k/a Sallie Mae Investors