Businesswire·2025-12-26 17:45Core Viewpoint - A securities fraud class action lawsuit has been filed against SLM Corporation (Sallie Mae) on behalf of investors who acquired its securities between July 25, 2025, and August 14, 2025, due to misleading statements regarding delinquency rates on private education loans [1][3]. Group 1: Lawsuit Details - The lawsuit alleges that during the Class Period, SLM's management made materially false and misleading statements and failed to disclose adverse facts about the company's business and operations [3]. - Specifically, it is claimed that SLM was experiencing a significant increase in early-stage delinquencies, contradicting earlier statements made by the CFO regarding normal seasonal trends [2][3]. - Following the release of a report by TD Cowen indicating higher delinquency rates, SLM's stock price fell by $2.67, or 8.1%, closing at $30.32 per share on August 15, 2025 [2]. Group 2: Investor Actions - Investors who purchased SLM securities during the Class Period have until February 17, 2026, to file a lead plaintiff motion in the class action lawsuit [1][4]. - The law firm Glancy Prongay & Murray LLP is leading the class action and is available for inquiries regarding participation in the lawsuit [4][5].