TMX Newsfile·2026-01-26 15:47Core Viewpoint - A class action lawsuit has been filed against SLM Corporation (Sallie Mae) for allegedly misleading investors about the company's loan delinquencies during a specific period in 2025 [1][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who acquired Sallie Mae securities from July 25, 2025, to August 14, 2025 [1][2]. - Investors have until February 17, 2026, to seek appointment as lead plaintiff representatives [2]. - The complaint alleges that Sallie Mae's management misrepresented the increase in loan delinquencies, claiming it was seasonal while it was actually higher than typical patterns [3]. Group 2: Impact on Stock - A report from TD Cowen on August 14, 2025, revealed a 49-basis-point month-over-month increase in July delinquencies, which was above seasonal norms [4]. - Following this report, Sallie Mae's stock price fell by $2.67 per share, or 8.09%, closing at $30.32 on August 15, 2025 [4].