Globenewswire·2026-01-08 22:49Core 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 and Class Period - The class period for the allegations is from July 25, 2025, to August 14, 2025 [3]. - 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 [3]. - The defendants' public statements allegedly created a materially false and misleading impression regarding SLM's business operations and prospects [3]. Group 2: Next Steps for Shareholders - Shareholders who purchased SLM shares during the class period are encouraged to register for the class action by February 17, 2026, to potentially become lead plaintiffs [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [4]. - Participation in the case incurs no cost or obligation for the shareholders [4]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect investors' rights who have suffered due to deceit and illegal business practices [5]. - The firm is committed to ensuring companies engage in responsible business practices and good corporate citizenship [5]. - The firm seeks recovery for investors affected by false or misleading statements that led to artificial inflation of stock prices [5].