Core Insights - The complaint alleges that SLM and its executives violated federal securities laws by making false or misleading statements regarding the company's delinquency rates and loss mitigation programs [2] - A report from TD Cowen indicated that SLM's delinquencies increased by 49 basis points month-over-month in July 2025, contradicting previous assurances from SLM's executives [3] - Following the TD Cowen report, SLM's stock price dropped by $2.67 per share, or 8.09%, closing at $30.32 on August 15, 2025 [3] Company Conduct - The complaint highlights that SLM was experiencing a significant rise in early-stage delinquencies, which was not disclosed to investors [2] - The effectiveness of SLM's loss mitigation and loan modification programs was overstated, leading to a materially false impression of the company's stability [2] Legal Proceedings - A lead plaintiff has been appointed to oversee the litigation on behalf of the class, representing the investor with the largest financial interest in the case [4] - Members of the putative class have the option to move the court to serve as lead plaintiff or remain absent without affecting their ability to share in any recovery [4]
SLM INVESTOR NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of SLM Corporation