Globenewswire·2026-01-06 17:00Core Viewpoint - A class action lawsuit has been filed against SLM Corporation (Sallie Mae) for alleged violations of federal securities laws during the Class Period from July 25, 2025, to August 14, 2025, due to misleading statements regarding the company's business and operations [1][2]. Group 1: Lawsuit Details - The lawsuit seeks to recover damages for investors who purchased SLM securities during the specified Class Period [2]. - The Complaint alleges that SLM's management made materially false and misleading statements that inflated the prices of SLM's securities [3]. - Specific allegations include a significant increase in early-stage delinquencies, overstated effectiveness of loss mitigation and loan modification programs, and misleading impressions about the company's overall stability [3]. Group 2: Next Steps for Investors - Investors affected by the alleged misconduct have until February 17, 2026, to request to be appointed as lead plaintiff in the case [4]. - A copy of the Complaint can be reviewed on the law firm's website [4]. Group 3: Legal Representation - Bronstein, Gewirtz & Grossman, LLC operates on a contingency fee basis, meaning they will only seek reimbursement for expenses and fees if successful [5]. - The firm has a strong track record, having recovered hundreds of millions of dollars for investors in similar cases [6].