REMINDER: SLM Corporation a/k/a Sallie Mae Investors With Significant Losses Must Act By February 17, 2026
Globenewswire·2026-01-28 01:00

Core Viewpoint - A federal securities class action has been filed against SLM Corporation, with a deadline of February 17, 2026, for investors to seek the role of lead plaintiff, which allows them to oversee litigation and influence key decisions [1]. Group 1: Lawsuit Details - The lawsuit pertains to investors who purchased SLM securities between July 25, 2025, and August 14, 2025, alleging that SLM made false or misleading statements regarding its financial stability and the effectiveness of its loss mitigation programs [4]. - A report from TD Cowen on August 14, 2025, indicated a 49 basis points month-over-month increase in delinquencies, contradicting SLM's previous claims of normal seasonal trends, leading to an 8.1% decline in SLM's share price from $32.99 to $30.32 [5].

REMINDER: SLM Corporation a/k/a Sallie Mae Investors With Significant Losses Must Act By February 17, 2026 - Reportify