TMX Newsfile·2026-01-20 16:46Group 1 - A class action lawsuit has been filed against SLM Corporation (Sallie Mae) on behalf of investors who acquired securities during the period from July 25, 2025, to August 14, 2025 [1][2] - The lawsuit alleges that Sallie Mae misled investors regarding the company's loan delinquencies, claiming that there was a rise in early-stage delinquencies while stating these trends were typical for the season [3] - Following the revelation of the true state of loan delinquencies, Sallie Mae's stock price dropped by $2.67 per share, or 8.09%, closing at $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] - Sallie Mae is based in Newark, Delaware, and specializes in originating and servicing private education loans for families and students [2]