Core Viewpoint - A class action lawsuit has been filed against SLM Corporation (Sallie Mae) for allegedly misleading investors about loan delinquencies during a specific period [1][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who acquired Sallie Mae securities from July 25, 2025, to August 14, 2025 [1][2]. - Investors have until February 17, 2026, to seek appointment as lead plaintiff representative [2]. Group 2: Allegations - The complaint alleges that Sallie Mae misrepresented the state of its loan delinquencies, claiming that rising early-stage delinquencies were typical seasonal trends while praising their loss mitigation strategies [3]. - Following the revelation of the true state of loan delinquencies, Sallie Mae's stock fell by $2.67 per share, or 8.09%, closing at $30.32 on August 15, 2025 [4].
DEADLINE NEXT WEEK: Berger Montague Advises SLM Corporation a/k/a Sallie Mae (NASDAQ: SLM) Investors to Contact the Firm Before February 17, 2026