TMX Newsfile·2026-02-02 14:16Core Viewpoint - A class action lawsuit has been filed against SLM Corporation (Sallie Mae) on behalf of investors who acquired its securities during the specified Class Period, alleging misleading information regarding loan delinquencies [1][3]. Group 1: Lawsuit Details - The lawsuit claims that during the Class Period from July 25, 2025, to August 14, 2025, Sallie Mae misled investors about the state of its loan delinquencies, asserting that increases were typical seasonal patterns [3]. - The complaint highlights that despite rising delinquencies, the company promoted its loss mitigation and loan modification efforts as successful [3]. Group 2: Impact on Stock - Investors became aware of the true condition of Sallie Mae's loan portfolio following a TD Cowen report on August 14, 2025, which indicated a 49-basis-point month-over-month increase in July delinquencies, surpassing seasonal norms [4]. - Following this revelation, Sallie Mae's stock price fell by $2.67 per share, or 8.09%, closing at $30.32 on August 15, 2025 [4]. Group 3: Investor Actions - Investors who purchased Sallie Mae securities during the Class Period have until February 17, 2026, to seek appointment as lead plaintiff representatives [2].