TMX Newsfile·2026-01-13 16:21Core Viewpoint - A class action lawsuit has been filed against SLM Corporation (Sallie Mae) for allegedly misleading investors about the company's loan delinquencies during a specific period [1][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who acquired Sallie Mae securities from July 25, 2025, to August 14, 2025 [1][2]. - Investors can seek to be appointed as lead plaintiff representatives by February 17, 2026 [2]. Group 2: Allegations - The complaint claims that Sallie Mae's management misrepresented the state of loan delinquencies, asserting that increases were seasonal while the reality was a significant rise [3]. - A report from TD Cowen on August 14, 2025, revealed a 49-basis-point month-over-month increase in July delinquencies, which was above seasonal norms [4]. Group 3: Market Reaction - Following the disclosure of the actual loan portfolio condition, Sallie Mae's stock price fell by $2.67 per share, or 8.09%, closing at $30.32 on August 15, 2025 [4].