Globenewswire·2025-12-31 21:16Core Viewpoint - The Gross Law Firm is notifying shareholders of SLM Corporation regarding a class action lawsuit due to alleged misleading statements and undisclosed information related to the company's financial stability and loan delinquency rates during a specified period [1][3]. Group 1: Allegations - The complaint alleges that during the class period from July 25, 2025, to August 14, 2025, SLM Corporation experienced a significant increase in early-stage delinquencies [3]. - It is claimed that SLM overstated the effectiveness of its loss mitigation and loan modification programs, as well as the overall stability of its private education loan delinquency rates [3]. - As a result of these issues, the defendants' public statements created a materially false and misleading impression regarding SLM's business operations and future prospects [3]. Group 2: Class Action Details - Shareholders who purchased SLM shares during the class period are encouraged to register for the class action, with a deadline for lead plaintiff appointment set for February 17, 2026 [4]. - Once registered, shareholders will be enrolled in a portfolio monitoring system to receive updates on the case's progress [4]. - Participation in the case incurs no cost or obligation for the shareholders [4]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and illegal business practices [5]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [5].