Prnewswire·2026-02-04 19:50Core Viewpoint - A class action securities lawsuit has been filed against SLM Corporation, alleging securities fraud that affected investors between July 25, 2025, and August 14, 2025 [1]. Group 1: Lawsuit Details - The complaint claims that SLM Corporation's management made false statements and concealed significant increases in early-stage delinquencies [2]. - It is alleged that the effectiveness of SLM's loss mitigation and loan modification programs was overstated, misleading investors about the company's stability regarding private education loan delinquency rates [2]. - The public statements made by the defendants created a materially false and misleading impression about SLM's business operations and future prospects [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until February 17, 2026, to request appointment as lead plaintiff, although participation in any recovery does not require this [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and there is no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a 20-year history of securing hundreds of millions of dollars for shareholders and has a strong track record in complex securities litigation [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4].