SLM Investors Face Feb. 17 Deadline To Seek Lead Role in Securities Class Action
Plaintiffs allege the lender misled investors about delinquency trends, including the effectiveness of loss‑mitigation programs.
Overview
- Levi & Korsinsky joined Bernstein Liebhard and The Gross Law Firm in issuing notices to SLM shareholders about the pending case and lead‑plaintiff window.
- The lawsuit seeks recovery for investors who bought SLM securities between July 25, 2025 and August 14, 2025.
- Filed in the U.S. District Court for the District of New Jersey, the case names SLM Corporation and certain senior officers under the Securities Exchange Act of 1934.
- Investors do not need to serve as lead plaintiff to participate in any potential recovery, and the firms state there are no out‑of‑pocket costs to take part.
- The complaint claims SLM experienced a significant rise in early‑stage delinquencies and overstated both loss‑mitigation effectiveness and the stability of private‑loan delinquency rates.