Prnewswire·2026-01-08 14:00Core Viewpoint - The Gross Law Firm is notifying shareholders of SLM Corporation regarding a class action lawsuit due to allegations of misleading statements and undisclosed information related to the company's financial stability and loan delinquency rates during a specified period [1]. Group 1: Allegations and Class Period - The class period for the allegations against SLM Corporation is from July 25, 2025, to August 14, 2025 [1]. - Allegations include that SLM experienced a significant increase in early-stage delinquencies, which was not disclosed, leading to an overstatement of the effectiveness of its loss mitigation and loan modification programs [1]. - The complaint asserts that the defendants' public statements created a materially false and misleading impression regarding SLM's business operations and prospects [1]. Group 2: Shareholder Actions and Deadlines - Shareholders who purchased SLM shares during the class period are encouraged to register for the class action, with a deadline of February 17, 2026, to seek lead plaintiff status [2]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive updates on the case's progress [2]. - Participation in the case incurs no cost or obligation for the shareholders [2]. Group 3: Law Firm's Mission and Commitment - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [3].