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News  ›  GlobeNewswire Inc.

Gainey McKenna & Egleston Announces a Class Action Lawsuit Has Been Filed Against SLM Corporation (SLM)

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Gainey Mckenna & Egleston
Gainey McKenna & Egleston Announces a Class Action Lawsuit Has Been Filed Against SLM Corporation (SLM)

A securities class action lawsuit has been filed against SLM Corporation for allegedly making false and misleading statements regarding early stage delinquencies and overstating the effectiveness of its loss mitigation programs. The lawsuit covers purchases between July 25, 2025 and August 14, 2025, with a lead plaintiff deadline of February 17, 2026.

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The company is facing a securities class action lawsuit alleging false and misleading statements about loan delinquencies and the effectiveness of its loss mitigation programs, indicating potential financial misrepresentation and operational concerns.