Globenewswire·2025-12-26 21:34Core Viewpoint - A class action lawsuit has been filed against SLM Corporation (Sallie Mae) for allegedly making false and misleading statements regarding its financial stability and loan delinquency rates during the Class Period from July 25, 2025, to August 14, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that SLM experienced a significant increase in early-stage delinquencies, which was not disclosed to investors [5]. - Defendants allegedly overstated the effectiveness of SLM's loss mitigation and loan modification programs, misleading investors about the company's stability [5]. - The lawsuit asserts that the public statements made by SLM created a materially false impression regarding its business operations and prospects [5]. Group 2: Investor Participation - Investors who purchased SLM securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, investors can submit a form online or contact the law firm directly for more information [3][6]. - A lead plaintiff must be appointed by February 17, 2026, to represent the interests of the class members in the litigation [1][3]. Group 3: Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company [4]. - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in handling such cases [4].