Core Viewpoint - A class action has been filed against SLM Corporation (Sallie Mae) for allegedly misleading investors regarding its loss mitigation and loan modification programs during a specific period in 2025 [1][2]. Group 1: Allegations and Findings - The complaint alleges that SLM Corporation failed to disclose a significant increase in early stage delinquencies, leading to an overstatement of the effectiveness of its loss mitigation and loan modification programs [2]. - A report from TD Cowen on August 14, 2025, indicated that July 2025 delinquencies increased by 49 basis points month-over-month, which was worse than the expected seasonal increase of 10 basis points, driven by a 45 basis point rise in early stage delinquencies [3]. - The findings from TD Cowen contradicted SLM's previous assurances that delinquency rates were following normal seasonal trends, resulting in a stock price drop of $2.67 per share, or 8.09%, closing at $30.32 on August 15, 2025 [3]. Group 2: Class Action Participation - Shareholders may be eligible to participate in the class action against SLM Corporation, with the option to serve as lead plaintiff, representing other class members in the litigation [4]. - Shareholders do not need to participate in the case to be eligible for recovery and can remain absent class members if they choose [4]. Group 3: Company Background - Robbins LLP is a recognized leader in shareholder rights litigation, dedicated to helping shareholders recover losses and improve corporate governance since 2002 [5].
Robbins LLP Urges Stockholders Who Lost Money Investing in SLM Corporation to Contact the Firm for Information About Their Rights Against SLM