TMX Newsfile·2026-01-15 16:06Group 1 - A class action lawsuit has been filed against SLM Corporation (Sallie Mae) on behalf of investors who acquired its securities between July 25, 2025, and August 14, 2025 [1][2] - The lawsuit alleges that Sallie Mae concealed a significant increase in loan delinquencies and misrepresented the reasons for this increase, claiming that early-stage delinquencies were rising significantly despite the company's assertions that such increases were seasonal and manageable [3] - A report from TD Cowen on August 14, 2025, revealed that July delinquencies had increased by 49 basis points month-over-month, leading to an 8.09% decline in Sallie Mae's stock price, which fell by $2.67 to $30.32 on August 15, 2025 [4] Group 2 - Investors who purchased Sallie Mae securities during the class period have until February 17, 2026, to seek appointment as lead plaintiff representatives [2] - Berger Montague, the law firm handling the case, is recognized for its expertise in complex civil litigation and has recovered over $50 billion for clients over its 55-year history [6]