Core Viewpoint - The complaint against SLM Corporation alleges violations of federal securities laws due to misleading statements regarding the company's financial stability and delinquency rates [2]. Group 1: Allegations Against SLM Corporation - The complaint claims that SLM was experiencing a significant increase in early-stage delinquencies [2] - It is alleged that the defendants overstated the effectiveness of SLM's loss mitigation and loan modification programs, as well as the overall stability of the company's PEL delinquency rates [2] - As a result, the defendants' public statements created a materially false and misleading impression regarding SLM's business, operations, and prospects [2] Group 2: Legal Proceedings - The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class, who directs and oversees the litigation on behalf of the putative class [3] - Any member of the putative class may move the Court to serve as lead plaintiff or may choose to remain an absent class member without affecting their ability to share in any recovery [3] Group 3: Whistleblower Information - The law firm Faruqi & Faruqi encourages anyone with information regarding SLM's conduct to contact them, including whistleblowers, former employees, and shareholders [4]
SLM Investor Alert: Faruqi & Faruqi, LLP Reminds SLM Investors of the Securities Class Action Lawsuit Deadline on February 17, 2026