Salliemae(US:SLM) Prnewswire·2026-01-22 14:09Core Viewpoint - A class action lawsuit has been filed against SLM Corporation (Sallie Mae) for allegedly concealing a significant increase in loan delinquencies during a specific period, leading to investor losses [1][3]. Group 1: Lawsuit Details - The lawsuit represents investors who acquired Sallie Mae securities from July 25, 2025, to August 14, 2025 [1]. - Investors have until February 17, 2026, to seek appointment as lead plaintiff representatives [2]. Group 2: Allegations - Sallie Mae is accused of hiding the true cause of rising early-stage delinquencies, which were reportedly increasing significantly despite the company's claims of normal seasonal fluctuations and effective loss mitigation programs [3]. - A TD Cowen report published on August 14, 2025, revealed that July delinquencies rose by 49 basis points month-over-month, exceeding seasonal expectations [4]. Group 3: Market Reaction - Following the revelation of the delinquency spike, Sallie Mae's stock price fell by $2.67 per share, or 8.09%, closing at $30.32 on August 15, 2025 [4].