Core Insights - The complaint alleges that SLM and its executives violated federal securities laws by making false or misleading statements regarding the company's delinquency rates and loss mitigation programs [2] - A report from TD Cowen indicated that SLM's delinquencies increased by 49 basis points month-over-month in July 2025, contradicting previous assurances from the company's executives [3] - Following the negative report, SLM's stock price dropped by $2.67 per share, or 8.09%, closing at $30.32 on August 15, 2025 [3] Legal Proceedings - The lead plaintiff in the class action lawsuit is the investor with the largest financial interest in the relief sought, who will oversee the litigation on behalf of the class [4] - Any member of the putative class can move to serve as lead plaintiff or choose to remain an absent class member without affecting their ability to share in any recovery [4] Additional Information - Faruqi & Faruqi, LLP is encouraging individuals with information regarding SLM's conduct to come forward, including whistleblowers and former employees [5]
INVESTOR NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of SLM Corporation