Salliemae(US:SLM) Globenewswire·2026-01-22 15:45Core Viewpoint - A securities fraud class action lawsuit has been filed against SLM Corporation (Sallie Mae) for alleged misrepresentations regarding its loan modification programs and delinquency rates [3][4]. Group 1: Lawsuit Details - The lawsuit was initiated in the United States District Court for the District of New Jersey on behalf of investors who purchased SLM securities between July 25, 2025, and August 14, 2025 [3]. - Allegations include violations of the Securities Exchange Act of 1934 by the Company and certain senior officers [3]. Group 2: Legal Actions and Deadlines - Investors wishing to serve as lead plaintiffs must file papers by February 17, 2026 [5]. - Participation as a lead plaintiff is not required to share in any potential recovery, and all representation is on a contingency fee basis [5]. Group 3: Firm Background - Bernstein Liebhard LLP has recovered over $3.5 billion for clients since 1993 and has represented large public and private pension funds [6]. - The firm has been recognized multiple times for its success in litigating class actions, being named to The National Law Journal's "Plaintiffs' Hot List" thirteen times [6].