SLM Corporation Faces Investor Class Action Over Alleged Misleading Statements

Reuters02-15

SLM Corporation Faces Investor Class Action Over Alleged Misleading Statements

A class action lawsuit has been filed against SLM Corporation, also known as Sallie Mae, alleging violations of the Securities Exchange Act of 1934. The lawsuit covers investors who purchased SLM securities between July 25, 2025, and August 14, 2025. According to the complaint, SLM and certain executives are accused of making false or misleading statements and failing to disclose a significant increase in early-stage delinquencies in its private education loan portfolio. The suit claims that SLM overstated the effectiveness of its loss mitigation and loan modification programs, as well as the stability of its delinquency rates. On August 14, 2025, a report highlighted a notable spike in delinquencies, contradicting previous reassurances from the company and leading to an approximate 8 percent drop in SLM's stock price. Investors who suffered substantial losses during this period have until February 17, 2026, to seek appointment as lead plaintiff in the case.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SLM Corporation published the original content used to generate this news brief via Newsfile (Ref. ID: 202602141230NEWSFILECNPR____20260214_283870_1) on February 14, 2026, and is solely responsible for the information contained therein.

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The lawsuit covers investors who purchased SLM securities between July 25, 2025, and August 14, 2025. According to the complaint, SLM and certain executives are accused of making false or misleading statements and failing to disclose a significant increase in early-stage delinquencies in its private education loan portfolio. The suit claims that SLM overstated the effectiveness of its loss mitigation and loan modification programs, as well as the stability of its delinquency rates. On August 14, 2025, a report highlighted a notable spike in delinquencies, contradicting previous reassurances from the company and leading to an approximate 8 percent drop in SLM's stock price. Investors who suffered substantial losses during this period have until February 17, 2026, to seek appointment as lead plaintiff in the case.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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